Michael Pento on the current state of the stock market and potential implications of insider selling

Retirement Lifestyle Advocates, Released on 3/3/24

Retirement Lifestyle Advocates radio host Dennis Tubbergen speaks with Michael Pento, founder and president of Pento Portfolio Strategies, this week about the current state of the stock market and the potential implications of insider selling. Pento highlights the high ratio of insider selling to insider buying, suggesting that insiders may know something that the mainstream does not. Pento warns of the problems in the banking system, particularly with mortgage-backed securities and treasuries, and the potential for a severe economic downturn and deflationary depression. He suggests that the Fed will likely resort to easing and currency creation and emphasizes the need for active portfolio management to navigate the current and future chaos.

Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE. He is the author of The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.

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