Market Melt-Up Before BIG CRASH: David Hunter

Introduction

• The J Martin Show focuses on geopolitics and finance.
• Guest: David Hunter, a contrarian macro strategist with nearly 50 years on Wall Street.
• Hunter believes the outcome of the American economy is predetermined regardless of the next election.

David Hunter’s Macro Thesis

• Hunter predicts a ‘melt-up’ in the market before a significant crash.
• He believes the 42-year secular bull market in equities is ending.
• Hunter expects a strong summer for the markets, with targets of 7,000 for the NASDAQ and 3,300 for the Russell.

Market Consolidation and Value

• Hunter is not surprised by market pauses and sees them as necessary consolidations.
• He believes the market will broaden out, with the Russell likely outperforming other major averages.

Federal Reserve Policy

• Hunter expects the Fed to cut rates, possibly starting in July or September.
• He believes inflation is decelerating and the economy is slowing down.
• Hunter predicts the bond market will drive rates lower, potentially to 2.5% for the 10-year Treasury.

Energy and Commodities

• Hunter expects oil prices to drop to around $60 due to a softening global economy.
• He is bullish on gold and silver, predicting gold could reach 3,000andsilver3,000andsilver60 to $75.

US Dollar and Global Economy

• Hunter anticipates a weak US dollar ahead.
• He believes other currencies like the euro and yen will strengthen.
• A weak dollar and lower interest rates will support gold prices.

Geopolitical and Political Landscape

• Hunter views the upcoming US election as highly consequential.
• He believes the current administration is pushing towards a new world order and socialism.
• Hunter sees Trump as a potential barrier to this shift.

Long-Term Economic Outlook

• Hunter predicts a global bust in the 2030s, leading to a potential depression.
• He expects massive monetary and fiscal interventions to delay the inevitable collapse.
• Hunter foresees high inflation and interest rates by the end of the decade.

Investment Strategy

• Hunter advises getting financial houses in order and reducing debt.
• He emphasizes the importance of understanding time horizons and not reacting to short-term market fluctuations.
• Hunter believes commodities will be the best-performing assets in the coming years.

Conclusion

• Hunter’s outlook is both a warning and an opportunity for investors.
• He stresses the importance of being prepared and making informed investment decisions.
• The conversation ends with a note on the potential for generational wealth creation in the coming decade.