Stansberry Research
Apr 7, 2023
“Regional bank stocks are breaking down to new cycle lows,” asserts Keith McCullough, founder and CEO of Hedgeye Risk Management. “This started with a liquidity crisis at the banks and it’s going to end with a lack of liquidity,” he tells Daniela Cambone. “The market cycle and economic cycle peaked back in 2021, and from that point on it’s been a market crash and a bear market, which we are in phase 3 of,” McCullough argues. “[Hedgeye] shorted gold throughout 2021, and then went full-blown gold bull in November of last year… I’m in no hurry to get off this gold run,” he says. “The supply side of gold and production side has arguably not been this good since 2001. You have a very good supply picture and fundamentally I believe it will become a scarce asset,” McCullough states. “To me, if gold is ever going to work, it should work big-time now,” he continues. “We view bitcoin as a commodity, but for now we are bearish on crypto dating back to Q4 of 2021, it’s important to contextualize why crypto crashed and why you should’nt chase it at the top end of the range here,” he says. “The biggest problem with bitcoin is that it has uninvestable volatility. The level of volatility even at this price is nauseating,” McCullough states. “The way that bulls are behaving right now epitomizes the ‘mother of all bubble’ behavior. I think this ends in tears in the next three to six months… not enough people learned their lesson from the bear market in 2022,” he concludes.
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © Dinar Chronicles
