What Big Money Is Doing While Everyone Else Is Guessing
Stansberry Investor Hour
Stansberry Research
4.3 • 680 Ratings
🗓️ 28 April 2026
⏱️ 57 minutes
🧾️ Download transcript
Summary
In this week's Stansberry Investor Hour, Dan welcomes Pete Carmasino back to the show. Pete is the chief market strategist at our corporate affiliate Chaikin Analytics. He's also editor of the Chaikin PowerTactics and Chaikin Power Portfolio newsletters.
Pete kicks things off by discussing the current trends he's seeing. He says that you can't focus on just one area because there are many moving parts that shape the market, including other investors. The goal, he states, is to react to the movements, not predict where things are headed. Predictions can be wrong, and folks who don't react wind up missing out on new opportunities. Pete then shares his investing process. He understands that sectors rotate, and when he sees a shift from one sector to another, he follows the signal on where to start moving money. He also looks at fundamentals and technicals to determine whether the stocks he's looking at are good buys at the moment. And he shares his thoughts on the Strait of Hormuz tension and how things might play out. (0:00)
Next, Pete shares his thoughts on the energy crisis. He says the root cause is less of a supply issue and more of a distribution problem. He believes that properly equipping refineries will encourage miners to produce more oil. According to him, if the supply can increase while conflict tensions decrease, we can have an equilibrium where consumers are comfortable with gas prices and miners are content to continue drilling. Then, he talks about the producers that he finds most promising in several different sectors. (17:05)
Finally, Pete explains how his portfolio works. Using a "top-down analysis," he looks at themes throughout the year to find the best names in the strongest market sectors. He then shifts to the market corrections we've seen since the sell-off from last year's "Liberation Day." But he notes that the big names in the Magnificent Seven didn't recover with the rest of the broader market last November. And that implies that the baton could be getting passed from tech to energy. So he adjusted his portfolio to prepare for a sector rotation. He then wraps things up by stressing the importance of handling risk management in your portfolio. (35:48)
Transcript
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| 0:00.0 | Get out your pens and pencils, ladies and gentlemen. Lots of ticker symbols for you today with our guest, Pete Carmesino. |
| 0:05.9 | Pete is a veteran trader. He always has lots of ideas, and he is going to deliver today. He always does. |
| 0:13.8 | We're going to talk about XME. We're going to talk about X-E-S. We're even going to talk about New Corps, N-U-E. We're going to talk about |
| 0:21.7 | D.R. Horton, D.H.I, and probably a bunch of others that I can't remember right now, but |
| 0:27.0 | lots of names with Pete. It's always a fun time with lots of ideas. So let's do it. Let's talk |
| 0:32.6 | with our guest Pete Carmesino. Let's do it right now pete welcome back to the show it's always good to see you |
| 0:44.4 | dan great to be here thanks for having me back again appreciate it you bet so you're going to be |
| 0:51.9 | a regular on the show obviously this is your third or fourth time here. |
| 0:55.4 | So I think what I want to do is I want to find out what trends and what stocks and what stuff from macro down to, you know, stock level is, you know, what do you obsess with right now? What's, what's top of mind for you? What are you, what do you like with right now what's what's top of mind for you yeah what |
| 1:12.6 | are you what do you like the most what do you hate the most whatever you got for me i want it |
| 1:17.8 | there's there's so much to talk about you know we've we've we've been going you know again we've |
| 1:22.0 | been in business for for some time and um we talk about the markets and the direction and |
| 1:26.8 | sentiment and things of that nature. |
| 1:28.0 | But I was saying prior to coming on that, you know, if somebody had said to both of us, |
| 1:32.7 | hey, oil is going to be around $120 a barrel, West Texas or Brent, whatever we want to talk about. |
| 1:39.8 | And then, you know, we might have a small sell-up, but we're going to continue on to new highs in a short amount of time. |
| 1:45.2 | I think both of us would have said, I don't think so. You know, I don't, you know, typically doesn't work that way, but here we are, right? And so what's top of mind is it's never one thing. And it's a multitude of things. and so far in this administration, |
| 2:00.7 | you've got to really be on your toes |
| 2:02.1 | because there's a multitude of things. And so far in this administration, you've got to really be on your toes because there's |
| 2:03.2 | a lot of things moving at a very fast pace. |
| 2:07.3 | And yet at the same time, what do we see? |
| 2:09.5 | We see markets moving up to new highs even today as we record. |
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