Inflation Will Run Hot For The Rest Of The Decade, Says Vincent Deluard

Vincent Deluard, head of global macro at StoneX, has been extremely prescient in calling for persistently high inflation. Vincent returns to Forward Guidance to explain why he thinks that inflation will remain close to the 5-7% range over the next decade, due to inflationary demographics, the reversal of globalization, regular energy crises, and declining immigration.

Deluard proposes a “holy Trinity” portfolio consisting of energy companies (which benefit from inflation), banks (which benefit from rising rates), and healthcare companies (which perform during a recession and which offer secular growth exposure at much cheaper valuations to the technology sector). Filmed on October 25, 2022. __ Follow Vincent Deluard on Twitter https://twitter.com/VincentDeluard Follow Jack Farley on Twitter https://rb.gy/uesguv Follow Forward Guidance on Twitter https://rb.gy/cy0dki Follow Blockworks on Twitter https://rb.gy/igyzsj __ Founded in 2014 by three cybersecurity engineers, Bittrex is a world-class cryptocurrency exchange with a focus on security and trust. Trade over 150 cryptocurrencies in the United States along with lightning-fast trade execution and dependable digital wallets, all protected by industry-leading security practices. Discover why Bittrex is the best kept secret in crypto trading. Open your account today at: http://fgpodcast.link/bittrex __ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw

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Find out more about the Blockworks video editor role here: https://blockworks.co/careers/ __ Timestamps: (00:00) Intro (08:49) How Aging Demographics Can Actually Be Inflationary (17:34) The Fed's 2% Inflation Target Is Transitory (27:22) Wealth Inequality & Financial Repression (39:29) Stocks Will Perform Poorly (46:38) Would A Fed Pivot Really Be Bullish For Stocks? (51:15) Why Won't The Recession Be Deep? (57:20) The Holy Trinity Portfolio ($XLV, $XLE, and $XLF) (01:02:51) Energy (01:11:09) Chaos In The Sovereign Bond Market (01:14:44) Brazil and Gold (01:16:40) Favorite Books

Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets. ___