“materials and energy will be the two best performing stocks this year … Energy, materials, 5%. No-brainer. Get your money in these things.”
Energy and materials will be the two best performing sectors this year, deeply underweighted
“As I've talked about, I expect small caps to be up significantly this year relative to large caps...”
Small caps significantly outperform large caps this year as Mag 7 deconcentration takes hold
“100% everything in the world is about securing the supply chains right now... we have access to critical minerals 'cause these will be in a shortage for a…”
Critical minerals stay in shortage for years, geopolitics drives a securing scramble
“It is not a precious metal. It is directly related to the AI trade. It is an industrial metal.”
Silver is an AI industrial input not a precious metal, demand price inelastic, miners keep a bid
“High bandwidth memory, we'll see how long that takes … I don't know what the right price is, but I do know at some point, whether it's Micron, SK Hynix…”
Micron and memory ride the DRAM super spike as high bandwidth memory stays in shortage
“If you're looking for laggards, get into Brazil. … I think it has a lot further to go.”
Brazil is a laggard play on the commodity boom and weaker dollar, lots further to go
“I think it will continue to go lower over the next 5 years with episodic shifts. This is software relative to the NDX.”
Software stocks keep sinking for 5 years as agentic AI and vibe coding destroy the SaaS moat
“this is also gonna spread into chemical names, which have started to rally. The basic materials thing, you have to go.”
Chemicals and basic materials carry a cyclical discount; as it unwinds the sector reprices higher for years.
“Competitors have gone consumer-oriented … Anthropic focuses on enterprises, which are adopting now, right now”
As OpenAI cedes enterprise to Anthropic, its compute proxy Oracle loses backlog credibility and keeps making lows.
“Tesla Robotaxi is now driving in Austin with no safety monitor in the car. … I think Tesla's stock will have a phenomenal year.”
Robotaxi with no safety monitor plus insurance proof points mark inflection; Tesla has a phenomenal year
“You want to right now short any company that suffers from abundance. And to get to abundance, we have a scarcity side. You want to invest in scarcity.”
Short companies hurt by AI abundance; invest in the scarce inputs that enable it
“I do think we're going to have this type of move in crypto soon. … Don't wait for the parabolic moves.”
Bitcoin chart looks horrible now but a silver-style parabolic catch-up move is coming
“Ethereum to me is utility. Bitcoin is store of value. The utility side is still doing well.”
Ethereum is the utility play; uptrend intact as stablecoin network effects compound