Sean Brodrick – The Value Sector, Precious Metals, Oil, Lithium, Uranium, Agricultural Commodities, and Fertilizers
Sean Brodrick, Natural Resource Analyst at Weiss Ratings and publisher of Wealth Wave, joins us to focus on a range of different commodities and market sectors. We start off by discussing the pullback in the precious metals sector and why he feels that while some stocks are presenting interesting valuations, that there still may be lower to fall. We discuss why the safe havens are not really getting as much traction, in the overall theme of the rotation out of growth and into value this year. Sean points out that most investors are seeking the refuge of sectors like the utilities or high-yield dividend paying commodities. In addition there have been opportunities to short the general markets, growth sectors, and even the gold stocks utilizing inverse ETFs to hedge long positions.
We then pivot over the energy sector where Sean notes he pulled some profits in oil and nat gas plays to lock in gains and raise more cash, but still likes this sector as part of the value space. The discussion then turned to the energy metals with the outlook on the lithium sector and uranium sector, where despite being stopped out of some positions, he is still very bullish on the EV and global electrification themes moving forward. Sean is also still rather constructive on the agricultural commodities and fertilizers and feels that food will remain in focus. We wrap up with what actions Sean is taking in his portfolio during pullbacks in the PMs and other sectors; and why he feels hard assets are still the place to be instead of the digital assets like Bitcoin and NFTs that were all the rage the last 2 years.