Liberty and Finance, Released on 5/25/26

Peter Grandich explains that he has taken short positions in the stock market for the first time since 2008, arguing that markets are approaching what he sees as an extreme bubble despite record highs. He believes economic reality is weaker than market sentiment suggests, pointing to inflation pressures, job displacement risks from AI, and wealth concentration as signs of underlying fragility. He argues that modern markets are heavily driven by passive investing, ETFs, and algorithmic trading, which has reduced the influence of traditional fundamentals and amplified momentum-driven behavior. Grandich compares current conditions to a speculative “casino-like” environment where sentiment and liquidity override valuation, while also noting that many investors remain overly optimistic due to a long period of mostly rising markets. He maintains that precious metals are in a stronger long-term position relative to equities, and expects a major market correction and potentially a prolonged bear market once the current cycle reverses.

0:00 Intro
1:30 Shorting the stock market
14:40 Fundamentals win in the end
18:25 Gold update
20:29 Emotional discipline
25:30 Gold bottom?
29:50 Peter Grandich & Co.
31:20 Weekly specials

Peter Grandich & Company specializes in retirement, business and estate planning, that operates with the slogan that they “enable common people to attain uncommon results.” The company was formed by Peter following decades of experience in the markets, having served in roles that include Chief Market Strategist, Portfolio Manager, and Head of Investment Strategy among others. Peter’s website – https://petergrandich.com/blog-posts/.

  gold, investing, market correction, peter grandich, stock market