David Lin – YouTube, Released on 9/19/25 (Recorded on 9/18/25)

Ted Oakley, CFA, Founder and Managing Partner of Oxbow Advisors, argues the Federal Reserve made a mistake cutting interest rates while inflation remains high, warns that current markets resemble the 1999 bubble with dangerous overvaluation in tech stocks, and recommends investors focus on undervalued dividend-paying companies while maintaining defensive cash positions.

0:00 – Intro.
1:00 – Labor market analysis
3:19 – Housing market weakness
6:44 – Jerome Powell and the Federal Reserve
12:01 – Fed funds rate
13:51 – Fed independence and Goldman’s gold prediction
16:35 – Inflation and how to stimulate job market growth
19:47 – Tariff price hikes and consumer spending tipping point
22:03 – Primary theme for investors
24:58 – 1999 redux and inflection points
27:22 – Investment advice for cash-heavy portfolios
28:50 – What is “safety” in the current environment?
30:24 – Digital assets and undervalued sectors
32:56 – Overvalued assets and advice

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. He’s the author of Second Generation Wealth: What Do You Want for Your Kids?

  economy, federal reserve, investing, stocks, Ted Oakley