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Michael Pento: 2027 Will be a Year of Reckoning for the U.S. Economy and Markets
Michael Pento, President and Founder of Pento Portfolio Strategies, joins Tom Bodrovics to discuss his increasingly cautious market outlook. Pento’s model currently sits in sectors three and four, indicating stasis or slight reflation, but he anticipates a shift to sectors one and two by 2027. He has neutralized his portfolio for the first time since December 2021, reflecting his be
Pento argues that the Federal Reserve is raising short-term rates while long-term rates are also rising, creating pressure on a "triumvirate of bubbles"—credit, real estate, and equities. He attributes this to…
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