On this week's Stansberry Investor Hour, Dan and Corey welcome Pete Carmasino back to
the show. Pete is chief market strategist at our corporate affiliate Chaikin Analytics. He's also
editor of the Chaikin PowerTactics and Chaikin PowerTrader newsletters. With more than 25
years of experience in the financial-services industry, Pete joins the podcast to share some
of his wisdom on sector rotations, pullbacks, and the housing market.

Pete kicks off the show by talking about the Federal Reserve cutting interest rates,
unemployment ticking higher, and the difficulty bond managers are having with timing the
market. He also shares his thoughts on the Sahm Rule indicator, which says we're currently
in a recession. Pete believes that Fed Chair Jerome Powell will only do a 25-basis-point rate
cut, but that ultimately Japan will be the deciding factor in Powell's decision. This leads to a
conversation about sector rotation and which sectors are outperforming today. (0:43)

Next, Pete gives pointers on how to find investing opportunities within market rotations and
pullbacks. He explains that a lot of the sectors that are thriving today serve as bond proxies,
and a lot of the individual stocks that investors are flocking to are safe havens that pay high
dividends. After, Pete talks about the trend in oil and gas prices over the past two years and
how it has been influenced by the White House's efforts to refill the Strategic Petroleum
Reserve. (18:46)

Finally, Pete shares why he believes the housing market is on its way to reaching an
"equilibrium" between buyers and sellers. He says housing prices can stay high (benefiting
sellers) while interest-rate cuts will lower mortgages (benefiting buyers). Pete also cites
increases to the lifetime gift/estate tax exemption as a reason for the influx of competitive
all-cash housing transactions. (34:31)