Michael Pento: Own These Assets For The Arriving Bear Market

Yesterday we presented Part 1 of our recent interview with money manager Michael Pento.

In it, he explains why he expects the worst bear market of our lifetime to unfold over the coming year.

How then should we be preparing our portfolios?

That’s exactly what Michael details out here in Part 2 of our interview with him.

But he cautions that there’s little time left before the market turmoil begins in earnest.

So take swift action after watching the counsel contained here in Part 2 of our interview with

Michael Pento.

Michael Pento: 30-50% Market Drop From Here

Money manager Michael Pento returns to our program with a big warning — the prediction he made last year is coming true:

He forecasted that, beginning in Q2 2022, we will start hurdling towards a recession as well as one heck of a bear market correction.

And he believes that script is now set to play out before our eyes.

He foresees a progression from today’s stagflation to disinflation and then to outright deflation over the coming year.

The fast-rising cost of capital

will pinch corporate and household incomes, spending will drop, financial & real estate prices will fall (some precipitously), and debt defaults will cascade through the system.

In short: it’s going to get ugly.

To hear one of the best summations yet of the “parade of horribles” we now face in the macro environment, as well as what their repercussions will be, watch this new excellent interview with Michael Pento.

Michael Pento Predicts Bear Market In Stocks/Bonds But Bull Market In Gold, Energy & Base Metals

Yesterday we presented Part 1 of our interview with Michael Pento.

In it, he explained why he predicts  a market correction of 30% (or more) to arrive in Q2 of this year, which he thinks will then trigger a credit crisis, leading to a recession.

So if that’s what he expects, how does he advise we position for it?

Here in Part 2, Michael offers a detailed breakdown of how he’s allocating his portfolio now, how he will alter it if indeed

a correction arrives, and how he then expects to re-invest his capital once the correction is over.

There are a lot of specifics here, generously offered by a seasoned respected money manager. Watch this video and decide which of the steps he’s taking may make sense for you to consider given your own portfolio.