The David Lin Report, Released on 7/13/24 (Recorded on 7/9/24)

Tavi Costa, Portfolio Manager at Crescat Capital, discusses the dangers of stock market valuations, the coming steepening of the yield curve, the deteriorating economy, and the Fed’s response to current macroeconomic conditions.

0:00 – Intro
2:00 – Yield curve steepening
10:45 – Currencies
12:20 – Bull vs. Bear steepener
18:40 – Financial vs. “real” assets
20:57 – Fed cuts
24:00 – China’s “gold rush”
26:47 – Gold price outlook
29:50 – Dollar outlook
32:30 – Which “real asset” will outperform?
37:00 – Mining industry
47:30 – Gold’s price “floor”

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, stocks, tavi costa