Michael Pento: Stocks Could Crash 50% - Here’s What I’m Buying Instead

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Michael Pento of Pento Portfolio Strategies joins Darrell to discuss why he has moved his portfolio to a neutral stance and why he believes the combination of equity, bond, and real estate bubbles could create a much more severe downturn in 2027. Michael explains how a liquidity crisis could initially pressure gold and miners, why he expects the Fed to eventually respond with aggressive rate cuts and money printing, and how that could set up a much stronger move in gold afterward.

Michael's links:

https://pentoport.com/

https://x.com/michaelpento

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0:00 Why Michael has gone neutral

2:06 What happens in a liquidity crisis

3:35 How the Fed could respond to a crash

6:22 Why yields may stay higher than expected

8:08 Can the Fed ever get inflation back to 2%?

11:11 Why Michael thinks rates are still headed higher

13:17 Why higher rates could break the AI boom

16:10 The three bubbles Michael says could burst together

18:42 How Michael is positioned now

22:17 Why he sold his gold miners

23:03 When he would buy gold and miners again

25:06 Why gold price targets may not matter

27:04 Why the next gold cycle could be much bigger

28:43 How Michael is hedging the portfolio

31:13 Why Pento believes these are not normal times

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