Economist who forecast 2020 rally says S&P will ‘melt up’ at least 36% by Oct before global ‘bust’

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews David Hunter, Chief Macro Strategist at Contrarian Macro Advisors who says
Markets will rally by October before a major ‘bust’. Hunter argues that we are reaching the peak of a 41-year secular bull cycle and gives his outlook for the global economy over the next 7 years and his forecasts for various assets including stocks, bonds, oil, gold and silver.
0:00 - Correct calls
3:47 - Macro forecast
5:32 - Market 'melt up' by October
11:49 - Sectors which will breakout
14:10 - Precious metals
18:47 - Central bank policy
30:48 - Global deflationary bust
34:58 - Banking collapse
40:20 - Investment implications
45:12 - Forecast for 2030
49:15 - Commodity supercycle
56:03 - Challenges to thesis
58:04 - Long-term prediction
1:00:38 - CBDCs and sinister agendas
🔥𝗣𝗿𝗶𝗺𝗲 𝗫𝗕𝗧
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Follow Michelle Makori on Twitter: @MichelleMakori ( / michellemakori )
Follow Kitco News on Twitter: @KitcoNewsNOW ( / kitconewsnow )
Follow David Hunter on Twitter: @DaveHcontrarian ( / davehcontrarian )
#recession #stocks #investing
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[@CatherineWilson8]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[@KevinClarke9]

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment

[@ritalorrigan]

Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.

[@MarkGrimm8]

Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.

[@ScottArmstrong12]

@@MarkGrimm8 Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement

[@MarkGrimm8]

My advisor is Christine Jane Mclean ’’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@johnk1984]

He did the rounds in 2014 predicting an enormous crash bigger than 2008, and the markets soared. He also predicted a melt up before the Nasdaq crashed 38% last year. If he'd followed his own advice he'd be bankrupt.

[@upside721]

Based on his track record, it's safer to assume the S&P will roll over this week.

[@buggsmcgee9270]

Does he know Steve van Meter ?

[@mikekron6968]

@@buggsmcgee9270 He's not saying BUY SELL BUY SELL BUY SELL BUY SELL..... lol

[@whiteswordwarrior9995]

​@@buggsmcgee9270yes they are twins with an IQ combined of 100.

[@duran9664]

I don’t know why he said most people are bearish now⁉️🤔 Last two weeks the market sentiment has been 40% bullish & only 20% bearish + calls at ATH + greed index at extreme for weeks. 😒

[@brockg932]

She is an excellent reporter. Asks all the right questions. She controls the conversation and redirects questions when she needs to. Great job Kitco News.

[@personalfreedom2700]

She not interested Brock… just let it go. 😂

[@fliu5282]

​@@personalfreedom2700uhhhhaaaa. Of course, when she is hot, nothing can go wrong, life is forever beautiful even if mkt drops 80%.

[@SirJamesDTech]

She's the editor of the whole kit and caboodle. She is well informed. A very good example of why Kitco has success.

[@waitawhileexplorer3904]

Beats Patricia Karvelis in Perth Australia that constantly interrupts the ones she interviews.

[@shanejones-lv4yl]

She’s very good at her job. Keeps attention with beauty, and speaks clearly and asks the right stuff.

[@rogerstone1842]

These are fantastic takes, I was really hopeful of my investments this year, but I followed some stock suggestions that didn't go so well, I've been studying the market crashes and I realized some investors made millions from the recent recession and I was wondering if such success rate could be achieved in this present market. and the Federal Reserve taking a more hawkish approach to interest rates and bond purchase tapering.

[@lucyAngletont]

Cryptocurrency crashed the last couple years, so it should be starting a new run to a new high.

[@RandyPelletier]

I feel exceptionally lucky I started investing in my early 40s and compounded my income to create more cash flow. I grew to a 7 figure well-diversified portfolio having exposure to different prolific investments mainly blue chip stocks, an allocation fund, S&P500 and coins. I'm forever grateful to Trisha Jean Webb my F.A... Now house and cars all paid off and no other debt.

[@rogerstone1842]

@@RandyPelletier Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.

[@The_Christ_Angel]

But the Bible says that in the end of days, The Second Coming of Joe Biden and Kamala Harris in 2024 is more honorable and Holy than The Second Coming of Jesus.

[@louis20122]

I am tired of these types of forecasts. They are never correct.

[@khemheru1439]

the problem is they never show proof of their previous forecasts... all this economic BS is a hype train

[@David_F579]

Yep - Several months back I took a decision to tune out the extreme bulls and extreme bears for this reason. Hunter has been making extreme wrong calls for several years now - I no longer watch any video he appears in. I just read the comments and move on.

[@gilgolani8775]

It's about the viewing clicks, the rest is blA bla

[@renegademind1833]

There are many variables.. CORRUPTION most likely playing the largest role.

[@emailsender7139]

Until they are. 32 trillion in debt (minus future s.s, medicare/aid and defense) must always be kept in mind.

[@Andre-lr7ri]

If this guy is right, my head may explode

[@mxoldtimer4braaappp858]

Time will tell soon

[@riccardoalla6439]

He's been proposing this exact scenario for years now. Just keeping postponing it. Eventually he will be right.....like the all of us. The problem is that timing is key in investing and in that sense he has already been proven wrong several times.

[@duran9664]

I don’t know why he said most people are bearish now⁉️🤔 Last two weeks the market sentiment has been 40% bullish & only 20% bearish + calls at ATH + greed index at extreme for weeks. 😒

[@josephspurgeon3668]

He said the same thing at the 2022 peak

[@reinhardrinaldo350]

I remember Hunter's predictions rather well. A correct one I don't remember though...

[@vpage48]

The last correct one was the 2020 meltup but he was wrong for years before and has been consistently wrong since

[@revo1974]

@@vpage48 He did call for a meltup back in feb and march. And since then we been rallying. He is also calling for a crash in October

[@themountain3461]

​@@revo1974isn't it pretty simple? We will never see a catastrophic crash in the stock market (nominally) since the central and commercial banks can print enough money to conceal it.

[@555frontier]

He had a few correct ones but I agree, he is often wrong

[@mdo5121]

The best Predictors never have perfect scores whether bullish or bearish...so you are on your own. caveat... take with a grain of salt always

[@hollisr9594]

Just look around! you don't need a guru to tell you this ship is going down.

[@NormanMcCall]

Great interview and talk! Thanks for posting. 😮

[@HelloThere-zw1lk]

Great Interview. Thank you so much!!

[@longmeihao7046]

Great interview! Thank you Michelle. Thank you David. 👍👍👍

[@luisgutierrez18]

This was an excellent interview

[@knowledgeincrease3326]

Excellent interview and conversation

[@alfredburtoncraig]

Awesome conversation....Thank you....

[@mohammedhadjsaid7884]

Thank you Michelle for great interview

[@7kingdave]

Well formed video and ideas . Great insight 🎉

[@eugeneheeger3284]

Excellent commentary and analysis. Thank You!!!

[@millionairementality_]

Outstanding Interview!

[@mjbucar]

Excellent interview.

[@docdoc4526]

Insane interview, big picture phenomenal 👍🙏🙏

[@mwalsh7500]

Ahhh thank you Michelle for your patience in letting your guest speak 10:10 guest and interviewing… thank you again 🎉

[@graceamsterdam5404]

🙏🏼 excellent interview!

[@astrapacific7208]

Great interview Michelle!!

[@MartinJG100]

Good chat. Interesting.

[@MrSimonw58]

Wow ... he forecast a rally in March 2020 .... amazing !!!

[@r.s.334]

"Watch and learn"

[@johanfilip6805]

I started following Hunter at that time. His call was spot on while the rest of the street was all forecasting much lower levels.

[@MrSimonw58]

Stocks lost 50% in March 2020 .... predicting a rally wasn't difficult .... did all company lose more than 50% of their value ... obviously not ... only an idiot couldn't understand that

[@clffeingold]

Excellent discussion!

[@borsennews9261]

Best video this year

[@kjay1856]

Great timing for David Hunter. Thank you!

[@PeonyandRoses]

I admire Michelle’s professionalism. Great work!

[@JamesBond-vg6wz]

Always love watching Michelle, such a great interviewer..and soooooo pretty ❤

[@kompan111]

Great host

[@dalemacrae7902]

Great guest great show thanku

[@mvman4122]

Spot on

[@bluestrings8829]

Wish i had saw this when it came out.

[@michaelpetrus19]

Always thought provoking...................keep up the great work

[@jazzbeau507]

Fascinating forecast; I am not counting on it.

[@christopherbic7688]

Excellent discussion

[@phillipalexandercarr1462]

Quality guest, Michelle and great questioning. Best Philly 🐝🎩🐇🇬🇧

[@charlesyoung1464]

Excellent interview with an obviously and oh so rare highly intelligent person asking questions. Bravo Michelle Makori.

[@adc437]

David Hunter has been making outrageous predictions for a while now and he keeps moving the goalposts.

[@brianoleson9224]

how do u have a global bust in late 2023 and dont see a depression for 6 more long years? it doesnt add up we have a bust with a mild recession and kick the can 6 yrs?

[@vm-bz1cd]

AWESOME Guest 👏

[@dangerousdonnafit]

Excellent

[@issenvan1050]

Gold & gold stocks did the best during the Great Depression!

[@vm6971]

20% Bears 57% Bulls I don’t see extreme bearishness

[@duran9664]

Exactly 😒 I don’t know why he said most people are bearish now⁉️🤔 Last two weeks the market sentiment has been 40% bullish & only 20% bearish + calls at ATH + greed index at extreme for weeks. 😒

[@tockpro105]

Kitco needs to have a live debate between David Hunter and Harry Dent 😂

[@elephantmoney]

Both always wrong 😂

[@europa77]

Haha

[@richardrasper9859]

Fantastic!

[@VeganTrove]

I enjoy David Hunter interviews. Thanks Michelle

[@timothybender7383]

This is the most influential video I have watched. And I respect all the personalities and groups I listen to. Kitco and David Hunter are two of them.

[@TheKingdomof_Heaven-within_me]

Buying more shares of semiconductor stocks before the melt up. Selling them all after they peak before the collapse. Buying them all back at cheaper prices. I am thankful for this huge opportunity. Great content and great questions as always Michelle.

[@ComeOnPelican91]

Catching falling knives... solid gold knives though

[@TheKingdomof_Heaven-within_me]

@@ComeOnPelican91 I am fearless.

[@buzzcrushtrendkill]

That is the attitude needed to go that route.

[@billmakatowicz8603]

I think a hedge might be more practical, but I had the same thought initially.

[@sedonatvcom]

very good analysis

[@modelmark]

Very interesting views. Sounds plausible. Rocky ride.

[@pascalxus]

Excellent interview on the part of the interviewer. I wish the interviewee would have elaborated on some evidence as to why he thinks this will happen. without any evidence, it's really hard to believe that this will play out.

[@metaltracker1723]

So glad to see the collaboration with the both of you!

[@_FightForYourFreedom_]

Genuinely curious when and why people say "the both" instead of simply "both". Your thoughts on it?

[@TonyLonghurst-qe6ei]

I followed Hunter in 2022 and he was at least 90% wrong on his short term calls. He continuously called for a melt up. He called the bottom of the market in April 2022. He said the fed would not raise rates. His call in 2020 was half right at best, he called it in 2018 and kept pushing it sideways, but he got commodities wrong. I am surprised he is not in hiding given how many people lost money following his calls. The guy just bats away all valid criticism with stock responses.

[@jpomari]

Enjoyed this interview. David forecast is still on track .. just see big picture

[@josephspurgeon3668]

Only thing he has called is oil to zero. He has been grossly wrong every Year consistently

[@ridzuanali1919]

Love David Hunter. Thanks Michelle.

[@tombarrett4371]

Hi David!

[@bluecollarbullionballer4269]

My favorite conrarian to listen to thanks for having him on.

[@Eli_sab_eth]

He predicted the same melt-up for last year as well

[@tomford4562]

He predicted a mega crash since 2014, until the 2021 melt up, after which he predicted a melt up. Look at his history on seeking alpha.

[@DaveHcontrarian]

We had an invasion in the Ukraine to contend with.

[@Eli_sab_eth]

@@DaveHcontrarian fair point

[@tomford4562]

@@DaveHcontrarian At the time you said it wouldn't affect the stock market. Now you use it as an excuse that you were wrong.

[@DaveHcontrarian]

@@tomford4562 The invasion of the Ukraine clearly did have an impact on things like wheat prices which were already expensive because of inflation, it didn't help. I do not require excuses as my forecast is clear.

[@renegademind1833]

Seems the level of 'corruption' governs most everything. Right now, so much we all worked to the bone to get, is 'vaporizing' into someone else's pockets.

[@josephgiordano2220]

Makes sense

[@freeroamer9146]

Focus on the present and get your house in order. Good advice! 👍👍

[@thomashusted]

He has been predicting this for a long time and so far has been way off.

[@fokusinvestor]

Great guy thanks

[@JonathanSebastian407]

Can def see and feel this market go up another 6 months

[@Iwo26]

David is most likely very right about things to come.

[@Kerem0671]

Part of a very important coin been talked about in the BCL

[@vbonzo]

Another award winning interview! Thank you!

[@shergill4301]

That is scary

[@ramonpineda55]

He predicted gold at 2500 and silver 40 at 2020🤣🤣🤣🤣🤣

[@_Breakdown]

*THAT BLOUSE LOOKS GREAT ON YOU MICHELLE* 👱‍♀🙂👍

[@Omar-bustos1997]

Huge respect, the interviewer as many are commenting here, asked very relevant questions, respectfully but boldly, at the right time. She listened and understood the arguments, and then made the right question. Thank you both for this interview, very strong arguments based on very objective data, and extremely logical conclusions. Deep look at the fundamentals of the economy and long term well thought forecasts.

[@sensenisok]

The best guest !!!

[@sebastianburnaz6760]

Really exceptional interview. I am really amazed. Thank you!

[@jimmylabb5868]

Even if he's half right it's still quite staggering!

[@theearlyfew5284]

This was top tier

[@rolfsteiner8525]

How does the Central Bank Digital Currency reset / devaluation play into this projection?

[@0mar9]

David is finally getting it right

[@DaveHcontrarian]

Let it play out.

[@Quado0s]

Videos like this are a great sign that the top is in.

[@baarbacoa]

He's generally not in synch with the consensus.

[@bar8665]

What's everyone's thoughts on international stocks? Thanks in advance

[@chrishickson3665]

Hi Michelle and Mr. Big Time Harry Dent

[@LuisRamirez-ws8qf]

I love Michelle makori

[@jasonhenn7345]

It's all about the food shortages inbound

[@kilikdudley]

His predictions ring very true

[@rizwann123]

bold and possible.

[@stephenodey5147]

David Hunt 🔥Excellent

[@bruce5895]

I love people like David because he seems to be so in tuned to whats going to happen and its looks like commodities like metals, oil and natural gas may be the way to go for the next 10 years forward after the crash.

[@bruce5895]

@YONAGUNIII metals will drop by 50% when stocks hit bottom, then will go out of sight, just like the man said. Digital currency will go the same way that fiat is going because there will be nothing backing it up but good faith, end of story.

[@pastexpiry2013B]

That's the beauty of being an advisor.

[@bruce5895]

@@pastexpiry2013B Only one problem, there not always right, thats why you have to listen to different points of view and keep an open mind

[@ToriZealot]

I missed any evidence that reflected modern world

[@pastexpiry2013B]

If the econmy will be as bad as this guy predicts, there would be zero reason for commodities to go up in price.... there will be practically zero demand. Imagine 25-35% unemployment and the effect that would have on demand for gasoline, and brand-new durable goods made of metal.

[@ivanmejia6843]

When I want to see comedy and fiction, I always turn to Hunter.

[@anshuman5331]

😂😂😂😂

[@DaveHcontrarian]

At least you are getting some value out of it, although it won't be the kind you remember afterwards.

[@benoitguillou3146]

@@DaveHcontrarian By the way , talking about comedy ...You really need to change your terminology when you say "flight to safety" concerning the flight of capital towards the dollar ....It's not a "flight" , it's an organized THEFT , made by USA , who purposefully dynamited the European economy for it to fail before that of the USA .....When in a town you 're a store owner , and you burn the sole competitor's store , customers don't "fly" to your store , they're FORCED to go buy groceries there by default .... We talk English too in Europe you know that right ? Higher education is free here .... And we listen to all the anglo saxon Kuntery on KZbin ....We take very tedious notes

[@derandreas]

Why would gold and silver Drop when stocks go bust? Arent they supposed to be safe havens?

[@stevenmajewski8580]

Pushed out the date again. Has done this a number of times, over the last 18 months

[@roydesell223]

Again Michelle great interview, I can see the see S& P going to 6000+, the Dow 46,000 NDX 20,000 BUT i do have a hard time comprehending Silver at $55.00 - $60.00 by the end of the year but time will tell, maybe you will have David back maybe mid Sept ?? again thank you

[@doramar8776]

When do you see those indexes hitting those ATHs? 🎉

[@roydesell223]

@@doramar8776 I agree with David Hunter but I don't think S&P 7000 by Labor Day but maybe Nov or Dec

[@kevinyoung6947]

No mention of cbdc's? Hmm

[@Mochi_Forever123]

這個人很適合當政客。圓滑且善於將事情複雜化。

[@robertkaplan1146]

A very logical mindset. The commodities will have greater industrial values soon that's for sure.

[@davidblocher2397]

He invented the term melt-up? LMAO This guy is a legend in his own mind and his predictions are awful.

[@Fuk_Zat_Tek]

Local top is in on SP, at max we're going to 4500 $, we're drawing a classical ABC , target around 3100 / 3250 $ for beginning of 2024 ... or , a bit earlyer if autumn numbers are dirty

[@etsa2008]

he just changed his mind about the timeline for the melt up, but I think it is normal for gurus who are on Kitco to be wrong most of the time

[@michellegreenspan2866]

Quite an interview. Probably the best one I’ve ever heard.

[@Blabberone]

He is spot on with his macro picture. Precise dates are just not predictable. His models I agree with.

[@kidsoxoxox]

Brilliant, already listen to this interview 3x. $20k Gold nothing, could go much higher.

[@johnpaulspeedsktr]

Inverse this guy