Video News/In Focus with Jeremy Szafron

Markets are rallying, but Larry McDonald says it’s time to raise cash. In an interview with Kitco News, McDonald - founder of The Bear Traps Report - issues a “HIGH” cash alert, warning that the current surge resembles the short-covering blowoffs of 2000–2001. He says the U.S. is heading toward a rare “two-terms, two-recessions” scenario, as credit stress builds, tariffs tighten, and consumer delinquencies hit all-time highs. McDonald, a former Lehman Brothers trader and New York Times bestselling author, joins Kitco News Anchor Jeremy Szafron to discuss why Buffett’s $348B war chest might signal deeper cracks, how private credit is starting to unravel, and what rising long-end yields and sovereign debt pressure say about the global financial system. He also breaks down his rotation into gold miners, commodity equities, uranium, and Brazilian stocks, while keeping a tactical watchlist of AI infrastructure names for the next pullback.