Michael Pento: These Are The Best Assets To Own For The 2023 Bear Market (Part 2/2)
Wealthion, Released on 11/11/22
For Part 1 of this interview, CLICK HERE
Money manager Michael Pento returns for Part 2 of our interview with him about investing in the current bear market. Michael thinks it could fall by an additional 30-60% over the coming year, depending on Fed policy response to inflation. He continues to recommend investors own his "Four Horsemen of the Apocalypse" assets: cash, long USD dollar plays, equity shorts & bonds. Bonds have had a terrible year. But he thinks the current environment is very favorable for US Treasurys. He's also becoming increasingly bullish on gold and the precious metals miners.
Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE. He is the author of The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market
Adam Taggart is the Founder of Wealthion. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the 'startup thing' (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he's a devoted husband and dad.
Michael Pento: These Are The Best Assets To Own For The 2023 Bear Market (Part 2/2) added by Herman James on 11/10/2022View all posts by Herman James ?+'