"Market celebrations are premature with the Fed nearing the end of its hiking cycle," says Michael Gentile, co-founder of Bastion Asset Management. He reflects on the past year saying, "certain parts of the market got crushed, and that better day is not here today." He warns Daniela Cambone to be prepared for choppiness in 2023, "where significant pain will be the extent of an economic downturn, triggered by the Fed." "Higher structural inflation for longer is my view," Gentile continues. He forecasts a choppy and difficult year in 2023 for investors. "Rather than stomaching a difficult recession, we will see more government intervention through stimulus which is inflationary," Gentile says. He concludes by saying, "the Yen and euro are the cannery in the coal mine and silver is outperforming gold which we have not seen in years." Video by Stansberry Research's Daniela Cambone.
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