High net worth financial advisor Ted Oakley returns for Part 2 of our interview with him.
When the road ahead is uncertain, there’s no wiser choice than to listen to those with experience – who have seen enough market cycles to judge what’s most likely to happen next.
Today we’re fortunate to welcome financial advisor Ted Oakley, managing partner & founder of Oxbow Advisors.
Ted has over 40 years experience helping clients, mostly high net worth families, protect and build wealth through good times and bad.
Here at the start of 2023, we’ll ask him if the bear market is over, or if it’s simply sharpening its claws, waiting to strike again. And we’ll find outhow he’s currently positioning his clients assets for the coming year.
The Federal Reserve is finally declaring war on inflation.
Yesterday, Fed Chair Jerome Powell announced that — to fight the inflation it has played a central role in creating — the Federal Reserve will accelerate its tapering program and likely hike interest rates three times in 2022.
That’s a 180-degree reversal of the Fed’s rampant bubble-blowing policies over the past decade.
This will have HUGE repercussions for the financial markets.
Because the key drivers of assetprices over the past decade — $trillions in stimulus, buybacks funded by dirt-cheap debt, low inflation — are all coming to an end.
Which is why Steen Jakobsen, manager of $billions in client assets at Saxo Bank, predicts 2022 will be a much more volatile year than investors are used to.
And we should listen to him. One year ago on this program he boldly predicted we’d see a surge in both inflation and commodity prices in 2021 — and boy, was he ever right.
In this new interview, Steen shares his macro outlook and top predictions for 2022 (spoiler alert: he expects inflation to run even hotter next year…)