Oct 24, 2022
We're excited to have a brand-new guest for this week's Stansberry Investor Hour episode. And Dan has long admired him for his keen macroeconomic insights...
David Cervantes, the founder of New York's Pine Brook Capital Management, joins us today. Before establishing his firm in 2015, David already had roughly two decades of experience in the financial industry with Wall Street heavyweights like Wells Fargo, JPMorgan Chase, UBS, Bank of America, and Morgan Stanley.
Given the carnage in the markets, an uptick in inflation and volatility, and sky-high mortgage rates, Dan says, "We're on another planet versus a year ago." It's a big moment for macroeconomics... and that's exactly why Dan brought David on this week. He shares his expertise in understanding and explaining large-scale economic factors and gives his take on what's next for the markets.
David also covers the debate between a cyclical versus secular bear market, the Federal Reserve's No. 1 fear, and whether he's in the soft-landing camp. As for his take on the future, it's one heavily colored by the Fed's true nature...