Ted Oakley: stocks overdue for ‘fairly significant drawdown’

Kitco News, Released on 10/13/21

Headline CPI inflation is now back at 5.4%, up from 5.3% in August, according to data released Wednesday.

Ted Oakley, founder and partner of Oxbow Advisors, told David Lin, anchor for Kitco News, that a diversity of hard assets is required to properly hedge against higher consumer prices.

0:00 – Inflation level
5:13 – Inflation hedge
9:03 – Asset allocation
12:13 – Real interest rates
15:10 – Capital gains tax increase
17:40 – Global growth
22:35 – Stocks

Ted Oakley, the founder of Oxbow Advisors and co-founder of its predecessor firm, HPO Advisors, has over thirty-five years of experience in the investment industry. The “Oxbow Principles” and the firm’s proprietary investment strategies were developed as a result of the unique perspective Ted gained throughout his almost four-decade tenure advising high net worth investors.

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