Get Ready for Volatility warns Greg Diamond

Stansberry Investor Hour

Stansberry Research

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4.4 • 677 Ratings

🗓️ 17 January 2024

⏱️ 75 minutes

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Summary

Dan and Corey kick off the show by discussing car-rental company Hertz selling one-third of its electric-vehicle ("EV") fleet and planning to reinvest in gas-powered cars. They talk about the reasons for this move, why EVs might not be a popular choice as rentals, signs that oil and gas companies are still thriving, and how the green-energy transition could lead to higher inflation.

Next, welcome Stansberry Research analyst Greg Diamond joins the conversation and analyzes the current volatility in the markets. He explains that investors and the financial media believe the Federal Reserve has beaten inflation and is going to start cutting rates soon. But as Greg notes, the opposite is most likely to happen. He also goes into detail on his study of cycles.

Then, Greg predicts important inflection points for 2024, describes how legendary trader W.D. Gann influenced his trading strategy, and explores the potential ramifications of the Fed ending its bank lending program in March. He also details why he'll be trading sectors for the first half of the year rather than individual stocks.

Lastly, Greg talks about correlations between the S&P 500 and specific exchange-traded funds. He assesses what it means for the markets when divergences happen and how extreme volatility leads to great buying opportunities. As Greg sums things up, "I think it's going to be a rough ride for bulls and bears."

Transcript

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0:00.0	Hello and welcome to the Stansberry Investor Hour. I'm Dan Paris. I'm the editor of Extreme Value and the Paris Report, both published by Stansberry Research. And I'm Corey McLaughlin, editor of the Stansberry Daily Digest. Today we talk with our colleague, Greg Diamond, editor of our 10-stock trader publication. And Corey and I will talk about Hertz selling a third of its electric vehicle
0:23.1	fleet and the implications for that in the economy. And remember if you want to ask us a
0:28.1	question or tell us what's on your mind, email us at Feedback at InvestorHour.com. That and more
0:34.1	right now on the Stansberry Investor Hour.
0:42.9	All right, let's talk about Hertz.
0:46.6	I have to admit, I was a little shocked by this one.
0:54.0	It's all over the place, Reuters, Bloomberg, other places.
1:01.2	And, okay, so let me just read a little bit from the Bloomberg article.
1:07.0	Hertz Global Holdings plans to sell a third of its U.S. electric vehicle fleet and reinvest in gas powered cars due to weak demand and high repair costs for its
1:15.8	battery powered options.
1:18.3	Does any of that surprise you?
1:21.2	All of a lot of it.
1:24.0	A lot of it.
1:25.5	I mean, yes and no. I guess when I hear the headline, like it wasn't a
1:29.9	headline I was expecting, or sorry, a business move I was expecting to read about. But then once
1:35.5	you hear the details, yes, it makes a lot of sense. I guess so. Yeah. Especially, the weak demand
1:40.6	surprised me because I thought, well, you know, electric vehicles are here and people just like them and that's okay because they're fun to drive.
1:46.2	I've driven, I guess I drove a hybrid a few times and I've driven a pure electric.
1:51.5	I drove a Model S, lots of fun, pushed me back in the seat, took off like a rocket.
1:56.2	So the weak demand surprised me a little bit, but the high repair costs for battery powered options,
2:02.8	maybe that shouldn't have surprised us because it's new tech. It's still relatively new.
2:06.9	I know electric cars have been around for like a century or something, but, you know,
	...

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