Nick Hodge – Macroeconomic Factors Driving Market Sector Trends Moving Into 2023
Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Hodge Family Office, joins us for a wide-ranging discussion recapping the macroeconomic environment in 2022, and the factors driving various market sector trends heading into 2023. This is a wide-ranging discussion getting into the US Dollar, interest rates, general US equities, Gold, Oil, battery metals, cryptocurrencies, home prices, and much more. We dig in a bit more to the pitfalls in some newer investors market psychology within the current bear market in general US equities, and global equity markets. Nick discusses what kinds of signals to look out for in the event of a larger capitulation event.
With the ongoing pressure on the wealth effect in investors portfolios and in home prices, coupled with cracks under the surface in the labor markets, we then discuss the nuances of this stagflation environment and how we are likely mid-way through an evolving recession. Next we review the recent crypto crash, and whether or not the “crypto soldiers are in fact training to be in the gold army.” We wrap up with a look forward into next year, where Nick still sees weakness in tradition tech stocks and the FAANGS, but is more constructive on consumer staples, utilities, gold, and energy metals like lithium, uranium, and helium with strong fundamental drivers.