The 1970s Playbook for Stagflation Investing

Stagflation Conversations with Fexingo: High Inflation, Slow Growth, and 1970s Echoes · Jun 9, 2026 · 8m · transcript

With the S&P 500 down 2.3% in five days and gold sliding 4.2%, the classic stagflation playbook seems to be failing. Lucas and Luna examine why gold, traditionally a stagflation hedge, is losing its luster while the Nasdaq drops 4.4%. They drill into the disconnect between rising CPI, still-high job openings, and falling commodity prices—and what it means for investors trying to navigate an environment that echoes the 1970s but behaves very differently. Lucas traces the history of gold's 1970s bull run, why the current macroeconomic picture doesn't match that era's conditions…