We are in a BEAR MARKET and may be in a range for 5-7 years
Ted Oakley, managing partner of Oxbow Advisors, sits down with Blake Morrow to discuss the markets, housing, inflation, crypto market and his views on the US Dollar.
Ted believes that we ARE in the bear market currently, and that the next 5-7 years we should be in a range trading market as we revert to mean after too many years of a rally.
Ted talks about housing and how the consumer will be hit with higher home prices, taxes and inflationary pressures and how the home builders are going to feel the housing pressures.
The crypto market is a lot like many mania markets the Ted has seen in the past and there will be survivors as many crypto products loose much of their value. He also points out a lot of “good” will come out of the crypto space. Ted discusses how he will position defensively and what will out perform in the near term for traders with a 3-9 month time horizon.
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