Michael Pento

Thursday March 24, 2022 12:18PM

(Kitco commentary) - The recent stock market rally is a trap. This is because Wall Street is vastly underestimating how hawkish the Federal Reserve will have to get in order to fight inflation. And how much weaker earnings and GDP growth will become as a result.

Monday March 7, 2022 01:31PM

(Kitco commentary) - The U.S. economy is already deteriorating due to the humongous fiscal and monetary cliffs. These cliffs are now being compounded by the war in Eastern Europe and near record-high inflation. And, the Fed's "PUT" is much lower and smaller in size than Wall Street believes.

Thursday February 10, 2022 03:37PM

(Kitco commentary) - The current Fed Chair is perhaps best known for his quick pivots from hawkish back to dovish and vice versa. Maybe he is just too dependent on the prevailing winds of the current economic data. Or, perhaps more accurately, he is most swayed by the performance of the stock market.

Tuesday January 11, 2022 04:08PM

(Kitco commentary) - According to Doug Ramsey of the Leuthold Group, 334 companies trading on the New York Stock Exchange recently hit a 52-week low, more than double the amount that marked new one-year highs. Thatâ??s happened only three other times in history -- all of them occurring in December 1999.

Tuesday September 14, 2021 03:58PM

(Kitco commentary) - Fed Chair Jerome Powell will soon announce the date for tapering its record-setting QE program, despite weakening jobs data.

Tuesday May 23, 2017 11:08AM

Trumpâ??s economic agenda has become further delayed by what seems like daily leaks from the White House. This may finally bring about the long-awaited equity market pullback of at least 5 percent.

Monday August 1, 2016 02:21PM

Monday July 18, 2016 02:54PM

Wednesday June 8, 2016 01:41PM

Monday April 11, 2016 01:37PM

Whether you call it a 1970â??s style stagflation or, as we call it, a recessflation, investors need to prepare their portfolios to profit from a protracted period of rising prices in the context of zero growth.