In the latest episode of Stansberry Investor Hour, Dan and Corey welcome Bob Elliott to the show. Bob is the co-founder, CEO, and chief information officer of Unlimited, a firm that uses machine learning to create products that replicate index returns. Bob drops in to share his valuable perspective on inflation intricacies and supply-chain issues.  But first, Dan and Corey address the unique challenges the housing market is facing right now... particularly how homeowners are holding on to their properties due to historically low mortgage rates. While advantageous for homeowners, this trend has reduced housing supply and subsequently driven prices upward. Bob Elliott then joins the conversation to provide his insights on the current state of the Consumer Price Index. He highlights the underlying inflation in the economy, which is closely tied to wages and service prices, resulting in a stable inflation rate of 5%. He explains... "Once we started to get a flattening out of oil prices... and used auto prices... those going from falling to flat has a positive pressure on inflation." Bob also delves into the gradual nature of housing cycles and the dynamics of the housing market throughout and following the pandemic. "That's the nature of these cycles... They don't progress rapidly. They aren't the kind of force that will drastically alter the Federal Reserve's outlook within the next three months." Bob explains that numerous structural and tactical factors influence these cycles. However, as input costs decrease, construction activity is expected to increase, which will eventually stimulate economic growth. ➡️ Watch Here

On this week's Stansberry Investor Hour, Dan and Corey are joined by Chris Igou. Chris is a fellow Stansberry Research analyst and the editor of DailyWealth Trader, a daily trading advisory. But first, Dan and Corey argue that banking regulations "hand the incumbents an advantage" and restrict competition. According to Dan, consolidation in the banking industry – like JPMorgan Chase's recent takeover of First Republic Bank – can create backstop and incentive issues. Dan also shares his belief that interest rates will remain higher than expected for longer, despite the market consensus for the Federal Reserve to cut rates.   Then, Chris joins the conversation to discuss his trading style and macroeconomic outlook for the market. He shares how the Fed's rate hikes are increasing the cost of borrowing and squeezing earnings, leading to smaller profit margins. Chris also notes that the S&P 500 Index's most significant drawdown in this current bear market has been 25%. That number is relatively normal for a bear market, since the average drop during a recession is typically around 40% from peak to trough. He explains...   "We've got some time where credit is going to be tight and unemployment is still at 3.5%... Historically, you just don't bottom there."   Finally, the trio analyzes previous false bear market rallies that would get investors excited and optimistic before hitting a sudden downturn. Chris warns that the same could happen this time around. He cites the bear markets of 2000, 2008, and 2020 as examples and shares that he expects more pain in the coming months based on historical patterns. ➡️ Watch Here

This week's episode of Stanberry Investor Hour features John Netto, author of investing book The Global Macro Edge.  Dan and Corey start the episode by examining the recent failure of First Republic Bank – the second-largest U.S. bank failure to date – and its acquisition by JPMorgan Chase. They raise concerns about the ongoing banking crisis and the role the government plays in backing "too big to fail" banks. With three of the four largest bank failures in U.S. history happening in the past two months, there's growing uncertainty heading into this week's Federal Reserve meetings.   Then, John joins the conversation and shares insights from his book, including the concept of how emotions act as the lubricant for decision-making. He says that traders often make the mistake of analyzing their success based solely on the results rather than how well they executed their process. To combat this phenomenon, John created the "Netto number." He explains how it can help investors recognize when their strategy begins to decay and how they can use it to maximize returns.   The discussion then shifts to central banks and monetary policy, with John describing his four factors for analyzing Fed events. Based on his analysis, John argues that the Fed will not be cutting rates this year and will instead be keeping them near a 4.5% to 5.5% pace until the second quarter of 2024...   "Because we have interest rates at 7%, it's going to take a long time for this housing inventory to roll over."   He asserts that if we go into a recession, it will be a very mild one. You can hear his full reasoning in today's Investor Hour. ➡️ Watch Here

In this week's Stanberry Investor Hour, Dan welcomes fellow Stansberry Research analyst Mike DiBiase to the show. Mike came to Stansberry in 2014 after spending nearly two decades in finance and accounting. He now serves as our bond-investment expert. To kick the episode off, Dan and Corey discuss the latest home-sales data, how these numbers compare with the previous year's, and what this means for the economy going forward. Dan emphasizes that the housing market is a crucial indicator of a looming recession, and he questions the potential impact of inflation when the market collapses... "Yes, we're going to cry uncle at some point... when the market [does], where will inflation be?" Mike then joins the conversation, and the three delve deeper into recessionary trends and post-pandemic inflation. Mike explains why the current inflationary period reminds him of a famous quote by economist Milton Friedman – "Money-printing is like alcoholism" – and that the bad effects have to come first to cure inflation. ➡️ Watch Here

In this week's episode of the Stansberry Investor Hour, Dan welcomes back Mike McGlone, a Senior Commodities strategist for Bloomberg Intelligence with over 25 years of experience in the industry. Mike shares his insights on the direction of US agriculture, the possibility of liquidity collapsing, and the current bear market rally. Prior to the interview, Dan and Corey discuss the escalating tensions between Taiwan and China. They mention how due to these geopolitical concerns, Warren Buffet recently sold 86% of his position in Taiwan Semiconductor Company (NYSE: TSM). However, Buffet's move into Japanese investments, which he currently owns about 7.4% of, is consistent with his belief in America's resilience. Dan notes that he won't necessarily follow Buffet's lead, but it's still interesting to see what he does. “This could be the greatest economic reset of our lifetime.” Then, Dan introduces Mike, and the two break down how the S&P 500 and bond market both suffered significant corrections last year due to the Federal Reserve raising rates too much and too late. As we tilt towards a significant recession, and the Fed continues to tighten, time will show if bonds will be some of the best assets.  Mike and Dan then delve into various commodities, including natural gas, gold, and crude oil. They highlight how gold may become a more attractive investment option in the near future, with the stock market reaching its most expensive level compared to GDP, sales, and housing, and the Fed tightening into a deflationary period. Finally, Mike highlights how electrification, de-carbonization, and digitalization are all bullish for copper, but it's not as easy to increase copper supplies as it used to be. With copper reaching an all-time high in 2022, it's a clear indication of where we're headed in the future. ➡️ Watch Here

In this episode of the Stansberry Investor Hour, Tobias Carlisle discusses the current investment landscape and how many value investors have shifted their focus to growth stocks.  Prior to the interview, Dan discusses the concept of "Mr. Market" versus the "smart money". He cites a quote from Benjamin Graham's book Security Analysis, where he states that the stock market is a voting machine in the short term and a weighing machine in the long term. While this may be true for some companies, Dan suggests that there are many whose value doesn't change nearly as much as the stock market suggests, citing periods of sideways movement in the stock market as examples. Then Dan and Tobias delve into the energy sector, noting the challenges of transitioning to EVs and solar. Tobias emphasizes the limitations of nuclear energy and the challenges of investing in the financial and banking sector. He prefers investing in businesses that are in a more broken-down state and cites coal companies as an example. ➡️ Watch Here

Dan and Corey delve into the Personal Consumption Expenditures (PCE) index and its latest release from last week. They discuss the significance of this development and how it could affect the Federal Reserve's decision to raise interest rates. The two also point out that recent behavior in the bond market suggests that the end of the Federal Reserve's rate-hike plans may be near. While this move may contribute to future CPI and PCE numbers, Dan and Corey are not entirely convinced that it will solve the other issues in the economy. Then, Dan introduces Michael Harris, a renowned quantitative trader who is credited with developing the first program to identify anomalies in price action and generate automatic code for popular platforms. Michael is also a prolific author, having written four books on price recognition and his market analysis blog, Price Action Lab. Michael explains his approach to trading and notes that while there are no barriers to entry in trading, the biggest challenge is maintaining discipline and effectively managing risk. Michael goes on to express his surprise at the inability of most active managers to outperform the market and makes the case that as long as the US dollar remains the world's reserve currency, the US will continue to dominate in the technology sector. ➡️ Watch Here

Click here to sign up for Marc's latest event: https://www.chaikinevent.com We're excited to welcome back Marc Chaikin, founder of Chaikin Analytics. In this episode, Marc and Dan delve into the ongoing banking crisis and explore why Marc views this "bear" market as a buying opportunity. As an experienced investor, Marc understands the challenges of staying informed in today's complex fiscal and monetary landscape: "If you're an investor, you've got to be looking for opportunities and it's a really trite saying, but there's a bull market somewhere." He notes that we're currently experiencing a rolling run-up, with stocks beginning to bottom out and go into uptrends. Marc argues that labeling the market as a bull or bear is less important than seeking out investment opportunities. Finally, he highlights the risks of assuming the market will continue to behave a certain way, and why investors need to focus on finding opportunities regardless of market conditions. ➡️ Watch Here

This week, a Stansberry Investor Hour listener-favorite returns to the show... Kevin Duffy, editor of The Coffee Can Portfolio newsletter and hedge-fund manager, is back. And on his mind is the spectacular, near-overnight collapse of banks. But the foundation of this month's banking fiasco was laid years ago. He explains how it all started... how Silicon Valley banks had risky loan books balanced with less-risky U.S. Treasurys... how banks' assets tripled during the two years of pandemic-driven government stimulus... and how the bond bubble burst and set off a chain reaction.  Kevin also shares that the root of the problem comes from the U.S.'s fractional-reserve banking system and reliance on the Federal Reserve and leverage. A simple way to understand the problems with today's banks is to list the characteristics of an ideal hedge fund. When that list is inverted, it describes a modern-day fractional-reserve bank. ➡️ Watch Here

Shockwaves from the collapse of Silicon Valley Bank and Signature Bank are rippling through markets – from stocks to oil and cryptocurrency. The Stansberry Investor Hour welcomes back legendary trader Todd "Bubba" Horwitz to warn about bank bailouts and his thoughts on "the absurdity" of the Federal Reserve. Bubba tells Dan Ferris and Corey McLaughlin how he's trading soft commodities and mentions how it could be daunting for most investors. But for the brave who buy these assets at good prices, they're in for a reward: "I think we're due for a big market across the board pretty much in all commodities, especially the consumable-goods commodities. Gold and silver, I think they're going to go higher but they're not consumable – they're going to be needed for money pretty soon." Bubba also explains why the "Fed pivot" narrative is a myth... why the 10-year Treasury yield could run up to 6%... and why you should sometimes take a break from financial media, leaving listeners with his final words: "Don't let the day-to-day news get to you." ➡️ Watch Here