Christopher Whalen: I'm Selling Bank Stocks & Buying Metals and Energy

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Christopher Whalen of The Institutional Risk Analyst joins Darrell to discuss rising bond yields, higher mortgage rates, and why he believes the economy is entering a more difficult environment for banks, consumers, and real estate. Chris explains why he has reduced exposure to financials, increased exposure to energy and precious metals, and expects the Fed may eventually be forced back into aggressive bond buying. He also discusses housing affordability, weakness in the consumer economy, energy shortages, REITs, and why he believes parts of the AI trade may be overextended.

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https://www.theinstitutionalriskanalyst.com/

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0:00 What rising bond yields mean for the economy

3:38 How Chris is positioned for higher rates

5:43 Gold and silver in a higher-rate environment

7:21 Why long-term yields are rising now

9:20 Why the Fed may have to start buying bonds again

10:13 Can inflation return to 2%?

11:40 Is the consumer already weakening?

13:35 How affordability could shape the midterms

15:28 Chris’s view on Bank of America

17:01 Which major banks are performing best?

18:34 Stablecoins, tokenization and Treasury demand

20:29 How higher rates affect mortgage REITs

23:30 Why housing is shifting toward a buyer’s market

25:52 How far could home prices fall?

27:17 Why Chris remains bullish on energy

29:58 Why refining capacity matters more than most investors realize

31:13 Why diesel prices could stay elevated

34:56 What Chris would be selling right now

35:51 Why the AI trade may be running out of steam

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