James Fishback, founder of Azoria Partners, joins the podcast to discuss the Fed's shift in monetary policy, opportunities afforded by another Trump administration, why AI hype is real, and a host of other issues.

• The Federal Reserve is expect to cut 200 basis points off of interest rates when all is said and done. The reality should fall well short of that measure... (1:37);
• The US is economy growing in aggregate. Pain points are felt among lower socio-economic classes (4:44);
• The major change will not come from a major shift in monetary policy but what happens fiscally, with the November election (9:16);
• How to trade a Republican sweep? There's an acronym: T-R-U-M-P (10:54);
• Many companies have taken advantage of cheap labor supplied by illegal immigration. Their stocks will suffer once this is rolled back... (15:31);
• AI is real. Productivity gains will be massive (17:44);
• Crypto discussion. The best opportunity for bulls may to bet on lower volatility for Bitcoin... (22:47);
• Background on the guest (28:33);
• Azoria's first ETF will be called the Meritocracy Fund. The strategy (33:38);
• Another opportunity: Argentina (43:18)

• Website: AzoriaPartners.com;
• Substack: HeadofMacro.com;
• X: @j_fishback;
• LinkedIn: Azoria-Partners

Colin White of Verecan Capital Management joins the podcast to discuss his views on the economy and why he considers the likelihood of a 'soft landing' to have increased...

• Economic indicators are pointing to increased chances of a 'soft landing'... (1:10);
• The Federal Reserve (and other central banks) have 'bullets in their gun' in the form of interest rate cuts, should the need arise. Another reason for confidence (3:27);
• Employment numbers are the most important datapoint to watch right now (6:41);
• The Age of Finfluencers and dangers it has wrought (14:32);
• Central banks have a responsibility to act in the best interests of the general public. If they stray from that responsibility, the structure that governs central banks can change (19:29);
• Background on the guest (23:31);
• No, real estate is not always a good investment (34:11);
• AI discussion (37:41).

• Website: Verecan.com;
• Podcast: Barenaked Money;
• LinkedIn.

Chad Olivier of Baton Rouge, La.-based The Olivier Group joins the podcast to discuss his view of markets and why he is bullish about bonds and technology stocks.

• The view of the bond market has changed with the Fed (1:18)
• The Olivier Group started adding bond exposure through ETFs in the first quarter and expects to add to it... (3:18);
• The 10-year yield should drop to the 3% range "by this time next year" (4:43);
• Small caps have recovered lately but the guest is less bullish there (9:31);
• Technology stocks are much better positioned than in previous cycles (10:56);
• Municipal bonds may also present an opportunity... (15:41);
• Background on the guest (20:05);
• Oil markets could present another opportunity, especially large cap, dividend-paying companies (23:58);
• The political outlook and its impact on markets (25:51).

Dana Samuelson, president of the American Gold Exchange, joins the Contrarian Investor Podcast to discuss why gold prices are set up to rally further -- even after a 20% rise so far this year.

• Gold is trading right near all-time highs. Can there really be more room for upside? (1:48);
• One thing missing from the equation for still higher gold prices is interest rate cuts... (3:36);
• Another thing missing is fear in the market (5:07);
• Gold has rallied 20% so far this year. A Fed rate cut will supply another 10%. $3000/oz. gold is in sight... (8:36);
• What of the argument that there's no tangible use for gold? (11:20);
• Why gold coins are preferable to bars (14:30);
• Background on the guest (19:39);
• Quarters and dimes vintage 1964 are 90% silver (26:40);
• View on digital currencies and Bitcoin. There is a place for it... (33:20);
• How much of one's portfolio should be earmarked for gold and precious metals? (37:15)

• Twitter/X: @DanaSamuelson99;
• LinkedIn: @American-Gold-Exchange-Inc;
• Website: AmerGold.com;
• YouTube: AmericanGoldExchangeAustin.

Darius Foroux, author of the upcoming book 'The Stoic Path to Wealth,' joined the podcast to discuss his, well, stoic approach to investing.

This podcast episode was recorded on Tuesday, June 25, 2024 and was made available to premium subscribers the following day -- without ads or announcements. For more information on premium subscriptions, visit our Substack.

• How interest in philosophy rekindled his interest in investing after the great financial crisis (1:32);
• A brief introduction to stoicism, a 2,300 year-old philosophy that is distinct from cynicism (4:08);
• How to apply this to investing (6:14);
• Isn't investing in indexes just the best way to go? (12:38);
• The '90/10' portfolio allocation: 90% in the S&P 500, 10% in individual stocks (17:24);
• The Dutch Stripe, trades in Amsterdam and on Pink Sheets (18:06);
• Background on the guest (28:54);
• The guest's second individual stock holding. Listeners will have heard about this one (33:01);
• How does a stoic combat FOMO (41:41).

• Website: DariusForoux.com;
• Twitter: @DariusForoux;
• Instagram: @DariusForoux;
• YouTube: @DariusForoux.

Leo Schmidt, founder of family office River Eddy Capital, rejoins the podcast to discuss his views on economy, markets, and where to invest capital in what may be a 'stagflation lite' environment.

• "Labor markets are way too hot." There will be "no landing" (1:48);
• Non-farm payrolls came out much stronger than anticipated. What this says about the labor market (4:59);
• 'Stagflation lite' (8:31);
• Our views of credit creation are outdated. The shadow banking system has replaced commercial banks as the primary source of credit. What this means (11:59);
• The Federal Reserve probably needs to cut rates. Could they? Probably not -- this year (22:21);
• What does an investor do now? First up: Stocks that are AI/Nvidia (NVDA) plays. Celestica (CLS), Flex (FLEX), Sanmina (SANM), Jabil (JBL) (27:51);
• Pharma spin-outs: Haleon (HLN), Kenvue (KVUE), Organon (OGN), Viatris (VTRS) (31:54);
• Dollar stores, especially Dollar Tree (DLTR), are poised to outperform once there is an economic slowdown (39:07);
• The bullish case for pipeline companies (46:59).

• Stock markets are pricing in a lot of optimism. Just how unrealistic is that? (1:19);
• What is there to indicate the economy could slow this year or even next? (4:34);
• A recession may be years away rather than months under current conditions. But conditions, as we know, can change quickly... (8:58);
• There is a precedence to interest rates going up dramatically without it causing an immediate and dramatic entrenchment in economic growth (11:52);
• Tech stocks might be overvalued but comparisons to the dot-com bubble are unfair and inaccurate -- and may preclude a spectacular bust (16:10);
• Today's economic expansion is income-driven. Not a result of credit expansion (18:13);
• What kinds of indicators should investors study to spot a slowdown in this particular type of economic activity? (30:45);
• Regional banks are for the most part fairly priced at present... (35:50).

• Website: UnlimitedFunds.com;
• Twitter: @BoBEUnlimited;
• YouTube: @BobEUnlimited.

Ayesha Tariq, founder of Macro Visor, rejoins the podcast to discuss her views on the economy, markets, and where investors should look for opportunities.

• The macro set-up and why people are talking about stagflation (1:56);
• The K-shaped economy and the damage being done (3:31);
• Fed Chair Jerome Powell claims there's no stag and no flation. Is he wrong? (It wouldn't be the first time) (8:50);
• Faced with this backdrop, what does one do as an investor? (13:03);
• China: There are still reasons to worry, even though the bleeding from the property market has abated a bit... (15:58);
• India: long term growth story. Also copper, oil, and Japan (17:11);
• The guest's favorite areas for opportunity right now: UK and India (21:07);
• A long-term concern is the fiscal situation in the US (22:00).