Apr 14, 2020
David Hunter, chief macro strategist at Contrarian Macro Advisors, has for some time predicted a final "melt up" stage of the market cycle before markets crash.
This stage is now underway as markets recover from an initial sell-off caused by the coronavirus (which Hunter admits he did not and could not have predicted).
What comes next is a "secular top that I expect to be the high-water mark for decades to come," he says. After markets peak around late summer, a "global deflationary bust" will ensue, with as much as 80% downside for equities.
(Spotify users can click on the timestamp to link to the segment directly):
For more information on the guest:
Not intended as investment advice.