The Contrarian Investor Podcast gives voice to those who challenge a prevailing narrative in global financial markets
SPDR S&P 500 Trust ETF
David Hunter of Contrarian Macro Advisors rejoins the podcast to update listeners on his vision of a “parabolic melt-up” in risk assets that will presage the next market crash.
What we’ve seen since late March was not the real melt-up, Hunter says. Most of the gains are still ahead, in fact the coming months should see the final (and most dramatic) period of the rally. Then things get ugly.
Leave a CommentDavid Hunter of Contrarian Macro Advisors rejoins the podcast in this special episode released a whole week early for premium subscribers. To get it, sign up here for the (temporarily) reduced rate of $8 per month or $88/year.
Hunter in April predicted a dramatic rebound in risk assets. This was deemed outlandish in light of COVID, but has largely come to pass — though a bit short of his original target (4000 for the S&P 500 by Labor Day).
Now Hunter updates his view, with a rather shocking call: what we’ve seen so far was not the real “melt-up.” Most of the gains are still ahead, in fact the coming months should see the final stage of a parabolic “melt-up.” Then things get ugly.
Chris Stanton, chief investment officer at Sunrise Capital, this January said a market correction was long overdue. With risk seemingly everywhere, Stanton predicted a drop of 20% in the S&P 500 by the end of the first quarter, or March 31.
“Rest assured, we’re heading for a correction and I would argue it’s going to be terrifying when it comes,” Stanton said in the Season 2 premier.
The S&P 500 was around 3,300 at the time of Stanton’s statement.
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