Don't Fight the Fed

Stansberry Investor Hour

Stansberry Research

America, How, To, Crash, Money, Learn, Stansberry, Income, Research, Debt, Stocks, Porter, Business, Realestate, Banking, Investment, American, Investing, Invest, Howtosave, Sjuggerud, Ferris, Eifrig, Jubilee, Buck, Sexton, Market, Bonds, Churchouse, Savings, Options, Lashmet

4.4 • 677 Ratings

🗓️ 13 January 2022

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week on the show Dan sits down with Mike McGlone, Senior Commodity Strategist for Bloomberg Intelligence. Mike has more than 25 years experience in futures and commodities trading beginning at the Chicago Board of Trade.

Mike claims "the game is over"… The Federal Reserve will continue to tighten until the stock market goes down. We're long overdue for a correction, and this country's inflation is at its highest rate in 40 years. The Fed will take away the punch bowl, and guess what will come out ahead as a result? Cryptos...

Dan and Mike dive into bitcoin, which Mike says is the "least risky" crypto out there. He explains that bitcoin is still in its price-discovery stage, steadily gaining adoption in a world that’s going digital. Bitcoin is currently our benchmark digital currency – well on its way to becoming the global digital collateral.

Transcript

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0:00.0	Broadcasting from the Investor Hour Studios and all around the world, you're listening to the Stansberry Investor Hour.
0:11.5	Tune in each Thursday on iTunes, Google Play, and everywhere you find podcasts for the latest episodes of the Stansberry Investor Hour.
0:20.0	Sign up for the free show archive at Investor Hour.com.
0:23.8	Here's your host, Dan Ferris.
0:26.6	Hello and welcome to the Stansberry Investor Hour.
0:30.0	I'm your host, Dan Ferris.
0:31.4	I'm also the editor of Extreme Value published by Stansberry Research.
0:36.8	This week we'll talk with Mike McClone, commodity strategist,
0:41.3	at Bloomberg. In the mailbag today, questions about books, gold, Bitcoin, and the Federal
0:47.3	Reserve. Remember, you can call our listener feedback line, 800-381-2357, tell us what's on your mind and hear your voice on the show.
0:56.9	For my opening rant this week, I'm going to talk about how to absolutely destroy your portfolio.
1:06.1	That and more right now on the Stansberry Investor Hour.
1:20.8	Well, why would I tell you how to destroy your portfolio?
1:32.0	Well, I'm referring very specifically to a really interesting blog post by a firm called SL Advisors,
1:37.6	a guy named Simon Lack at SLAdvisors, SL-Advisors.com.
1:41.9	And it's called ARC's investors have in aggregate lost money.
1:46.5	And of course, ARC is ARC investment management run by a woman named Kathy Wood. She founded the firm in 2014 based on the idea of investing in disruptive, innovative
1:54.9	companies, right? Companies engaged in disruptive innovation. And of course, post-COVID, these funds took off the ARC Innovation.
2:05.6	I think ARC Innovation ETF, which has like 60% of the firm's assets. It was up something like
2:11.6	150%. It soared like a skyrocket. It was incredible. And then it crashed. But what Simon Lack has found out,
2:20.4	he looked at the fund flows and realized, and this is typical. That's why I'm telling you about it.
2:28.0	What he found is typical. Most of the money in it came in around the top so that, you know, in the aggregate, he says,
	...

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