Liberty and Finance, Released on 11/26/24

Tavi Costa discusses the potential implications of Scott Bessent’s appointment as Treasury Secretary under Donald Trump, expressing skepticism about the market’s initial reaction to the pick. Bessent has recently been bullish gold, calling it is largest position. Costa argues that the negative sentiment surrounding Bessent, particularly in the gold market, overlooks the broader macroeconomic shifts he may bring about, including a possible realignment of the global monetary system. Costa also explores the potential for a devaluation of the U.S. dollar, noting that Bessent’s policies could contribute to a shift in fiscal and monetary strategies.

0:00 Intro
1:00 Scott Bessent as Treasury Secretary
5:10 US dollar peaking
8:59 US stock market
12:07 Dollar devaluation
20:50 Silver update
22:57 Crescat Capital
23:40 Weekly specials

Tavi Costa is a partner and portfolio manager at Crescat Capital and has been with the firm since 2013. He built Crescat’s macro model that identifies the current stage of the US economic cycle through a combination of 16 factors. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, CCN, Financial Post, The Globe and Mail, Real Vision, Reuters. Tavi is a native of São Paulo, Brazil and is fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and in international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University.

  economy, gold, investing, silver, stock market, tavi costa, Trump