Yesterday I had John Polomny back on the podcast to talk about where he sees opportunities in financial markets and how recent events in the Middle East play a part in where those opportunities are. We also talked about some of the changes the US needs to make, why they will be difficult if not impossible, and several other topics. You can find John’s Substack below, but you can also find him on Twitter, and his weekly market updates on YouTube are a must watch.
Podcast Summary
The supposed ceasefire in the Middle East, and the unavoidable supply chain disruptions that are already baked into the cake with recent events in the Strait of Hormuz.
Why he has unwound some of his energy exposure over the last couple days, and why agricultural commodities are an opportunity.
Adding to some of his positions in precious metals, why it’s a buying opportunity, and the long term secular drivers for gold in particular.
The series of events that he would have to see to be convinced that the US has control over the Strait of Hormuz.
Why the Fed is stuck between a rock and a hard place, and the only two choices are the big print (yield curve control) and letting rates rise.
The problems with US industrial policy and why it will take longer than most people think to course correct.
Why the US won’t exist in its current form in 10-15 years and the soft secession that is already happening.
Opportunities in emerging markets, base metals, and other places to look for potential investment.
Book Recommendation: How To Be Rich by J. Paul Getty.
