Felix Zulauf - The Next Market Reversal Could Be Ugly! | #563
Today’s returning guest is macro-expert Felix Zulauf, founder of Zulauf Consulting. He was previously the global strategist for UBS and later ran his own asset management firm. In today’s episode, Felix explains why he’s concerned about the concentration of global equity markets and why he believes the US stock market is in a bubble. Then he shares his outlook for commodities, Bitcoin, and currencies. As we wind down, he advises investors to shift their focus from managing opportunities to managing risks.
Key Points
- The concentration of global equity market capitalization in the U.S. is at unprecedented levels, with significant risks if this trend reverses.
- Felix Zulauf expresses concerns about potential liquidity issues in 2025, which could lead to market bubbles bursting and significant corrections.
- Investors should shift their focus from managing opportunities to managing risks as markets appear to be in a late-stage cycle, with heightened optimism and potential volatility ahead.
Chapters
1:30 | |
3:43 | |
7:07 | |
16:23 | |
33:02 | |
45:59 |
Transcript
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