Break for the Bull

Published on
August 23rd, 2018
Duration
15 minutes

Break for the Bull

Trade Ideas ·
Featuring Max Wolff

Published on: August 23rd, 2018 • Duration: 15 minutes

Max Wolff, chief economist at the Phoenix Group, is waving a white flag of caution on the U.S. economy. Max says the combined impact of rising debt, a harmful trade war, and misguided fiscal policies will lead to a downturn for the S&P 500. He lays out his specific trade in this interview with Brian Price. Filmed on August 21, 2018.

Comments

  • SB
    Stewart B.
    2 September 2018 @ 19:46
    Love it. So many good one liners too. One thing I like is how many people comment that this is 'just another bear'. Thanks
  • DR
    David R.
    31 August 2018 @ 20:32
    Eloquent speaker. His bearish equity views seem to fit with his bullish dollar views. I'm on the other side of this as I've been posting repeatedly. The dollar had a breather this week, after two horrendous weeks, but I think the DXY continues down for late summer and early autumn. I note that Double Line (jeffrey gundlach's firm) has just called for a coming "dollar crash". I wouldn't be that extreme but I'm just saying.
    • DR
      David R.
      31 August 2018 @ 20:43
      ^ On second listen, I'm mistaken about Max as he clarifies from 6:30 onward that although the dollar was temporarily "the cleanest shirt" that "dollar strength is heavily overblown" and headed for a fall.
  • RA
    Robert A.
    25 August 2018 @ 23:52
    I really gravitate toward those that don’t hem or haw and throw in multiple disclaimers, caveats, etc. I just want a well articulated well reasoned opinion complete with the underlying assumptions. I can take it from there. Max is my kind of guy. Thanks Milton.
  • JM
    Jason M.
    25 August 2018 @ 08:42
    I love this guy. Incredibly colorful and intellectual. This is great fun and its a great break from the financials I spend my days sifting through. I agree with him on gold but the S&P might depend on the USD. Seems like its turning over and we can still rally the S&Ps a bit more if u take 6-7% off the USD and cut a China fudge deal. The Orange Autarky-loving Wunderkind certainly knows this heading into November.
    • DR
      David R.
      31 August 2018 @ 20:53
      Thumbs up. Agree with that. Also really enjoyed the guest being interviewed and I hope he's right again (before too long) like he was 10-11 years ago.
  • AC
    Andrew C.
    24 August 2018 @ 09:31
    Reasonable thesis & idea, though 17-to-14 reward-to-risk ratio not fantastic. But another 4month trade... Hey Milton, can we get a more "investment" trade idea? 2-to-4 year timeframe?
    • CG
      C G.
      25 August 2018 @ 11:20
      Look into Sandstorm Gold. (DYOR off course)
  • MS
    Michael S.
    24 August 2018 @ 05:39
    On the dollar: "I think it's a habit."
  • JL
    John L.
    24 August 2018 @ 03:54
    What a great line by Max Wolff, "The Bloom is off the Rose.....I don't know when the petal hits the floor, but the bloom is off..." For those of you who listened to Ben Hunt recently, concerning the power of Narratives and Missionaries, I think Max has surely got to be elevated to "Missionary" with that great line. The Emperor surely has no clothes and Mr "Whatever it takes" may soon find that it may not be enough!
  • EL
    Edward L.
    24 August 2018 @ 03:13
    Brian Price is a superb interviewer
    • BP
      Brian P. | Real Vision
      24 August 2018 @ 13:23
      Meh. He's okay.
  • KE
    Kathryn E.
    24 August 2018 @ 02:45
    Great job Brian
    • BP
      Brian P. | Real Vision
      24 August 2018 @ 13:24
      Thanks, KE! Thanks for watching!
    • BP
      Brian P. | Real Vision
      24 August 2018 @ 13:24
      Thanks, KE! Thanks for watching!
  • my
    markettaker y.
    24 August 2018 @ 02:27
    superficial.
  • PW
    Phil W.
    23 August 2018 @ 23:56
    Kudo's to you Max stay on your track cause the music is going to stop at some point!!
  • LJ
    Lucille J.
    23 August 2018 @ 23:03
    The whole true and nothing but the truth-Excellent!!!!!!!!!!!!!!
  • CT
    Christopher T.
    23 August 2018 @ 17:33
    another bear lol shocker, way to go out on a limb
  • CT
    Christopher T.
    23 August 2018 @ 17:33
    another bear lol shocker, way to go out on a limb
  • GM
    Gregor M.
    23 August 2018 @ 16:44
    Love this guy. Get him on again...not sure we got much new here though. Winter is coming...i think that much is clear to anyone paying attention. Would be good to get someone that talked a little bit more specifically about recession positioning...
  • MM
    Mike M.
    23 August 2018 @ 16:14
    I like snark, everyone's opinion is welcome especially if it does not comport to what the borkers are telling us or what I think. Group think does not work. Much appreciated.
  • MM
    Mike M.
    23 August 2018 @ 16:14
    I like snark, everyone's opinion is welcome especially if it does not comport to what the borkers are telling us or what I think. Group think does not work. Much appreciated.
    • RM
      Robert M.
      23 August 2018 @ 21:25
      Autarkic wonderfuture is an entertaining turn of phrase.
  • GL
    Geoffrey L.
    23 August 2018 @ 12:30
    This guy is the king of snark and his political commentary is unwanted. My opinion.