You're watching...
Belpointe Capital Managing Partner Jared Levy on the outlook for commodities and equities.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
You very much -- -- -- you heard my next guest readings on today's session just a couple of moments ago I said he was gonna stick around an outlet in the sky doubt he is also predicting.
A commodities.
Pricing crash.
In the next six months a let's bring in right now mr.
Jerry leaving Issac dot com senior equity strategist and managing partner.
-- -- -- Capital.
RA what little like you got open because of this particular production that your making really you -- -- that's gonna happen.
You I've been looking around to -- indicators I think the biggest issue I see is a lack of a firm foundation a lack of sort of conviction all the way through you know when you look at things.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- For the next 36 months.
So until a -- So that that their actions are kind of -- predicted -- -- the -- for the rest of the market that we should actually trying to trying to take a step back -- like percent yeah I don't motion.
You know there is a great study for the for the past three years in fact it looked at some of the most popular ETFs out there in fact the retail investor.
Over three year period actually flocked to some of the worst performers over the three years at as the as the stocks were going down in which deputy jumping -- -- -- as they were hitting home.
It's gonna end up losing money -- and they -- going up so retail and that's -- -- the chase at the end I think that's what's happening now that's what we're seeing with the volume the way it is today in and it's.
It's scary but again it's a -- time horizon.
What about earnings you know three as they finish out yet another earnings season you know do you think -- we're gonna see lowered forecast especially for.
The third quarter I mean.
I'm -- there's anything really great in the economy we can grasp onto your right now to tell me that a company is gonna be given -- -- Blockbuster.
There's not -- in any you know put into context or reason why stocks are doing with the doing right now because no other place to put your money there is no other asset really around the world where people to put their -- when it gets to earnings.
You know top lines are falling they're coming down on the -- sales numbers are coming down.
In terms of estimates for 2013 I think that's we're gonna see a problem and I think that's gonna come again next earning season we've got two to three month before that happens.
And -- for now people are gonna give -- continued slowly slowly -- but I do think there will be.
Don't serve -- -- that you're seeing you re here for just a second because -- here you know if you look at -- -- watching corn soybean wheat contracts and mean everything has been.
Up pop up -- corn shot up today the contract going crazy and does this concern you.
Not so much from a trade perspective could you can profit off of that but does it concern you for what that's gonna do the overall economy in the growth of the -- economy.
Again for now right those prices are high we don't know that -- -- Richard amount of food bar.
But the reality but the reality is is demand really there on and how we overshot our target again as a trader we need to sort of think of this.
How we overstep their boundaries with core which we -- we've been blowing up like this.
There should or should there there should be a retracement and that's why I'm I'm actually looking at DBA which is in agricultural ETF actually short -- I think it will be correction in prices and I think it's gonna be sharp.
Over the next probably six to eight months.
All right so kind of watch it with those indexes -- -- mix -- short plays and had don't don't jump on the bandwagon now it's back now -- can view that the and are able to ten minutes were gonna bring -- back again he's -- hasn't investing strategies -- -- he has got a glimpse of one.
