MI132: WEATHERING INFLATION WITH COMMODITIES

W/ TONY GREER

11 January 2022

Clay Finck chats with Tony Greer about the current market landscape, how Tony is positioning himself going into 2022, what Tony expects for inflation over the coming year, what commodities Tony expects to perform well in an inflationary environment, the five classes of hard assets that Tony considers as inflation hedges, and much much more!

Tony Greer founded TG Macro in 2016 to create an independent research firm where he could combine 25 years in trading and 15 years writing a daily newsletter into one analytical platform. Tony provides fundamental, technical, and behavioral analysis of global markets to a group of institutional clients and a personal subscriber base.

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IN THIS EPISODE, YOU’LL LEARN:

  • How Tony views the current market landscape and what investors can do to benefit.
  • How Tony approaches the financial markets, and what he has learned from being a trader over the past 2 decades.
  • What message the Federal Reserve has been sending going into 2022.
  • What commodities Tony expects to perform well in an inflationary environment.
  • How governments around the world play a role in the commodities market.
  • What funds to consider for investors wanting to own a basket of commodities for overall exposure to the asset class.
  • The five classes of hard assets Tony considers to hedge inflation.
  • And much, much more!

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

Tony Greer (00:02):

So that’s where the rubber meets the road on the inflation trade, is that the grocery bill gets exorbitant, the gas bill gets exorbitant, the heating bill gets exorbitant. And then the fear is that it takes away from discretionary spending. And then you see some weakness in retail or weakness like that. And then what happens is the federal reserve has to come in and say, We’ve got to add some accommodation to this economy here, etc. So that’s why I always, number one, take it with a grain of salt.

Clay Finck (00:37):

On today’s episode, I’m joined by Tony Greer. Tony’s an experienced trader with 25 years under his belt and the founder of TG Macro, which is an independent research firm where he writes a daily newsletter. During the episode, Tony and I discuss the current market landscape, how Tony is positioning himself going into 2022, what Tony expects for inflation over the coming year, what commodities Tony expects to perform in an inflationary environment, the five classes of hard assets that Tony considers as inflation hedges and much, much more. Without further delay, let’s dive right into this week’s episode with Tony Greer.

Intro (01:14):

You are listening to Millennial Investing by The Investor’s Podcast Network where your hosts, Robert Leonard and Clay Finck interview entrepreneurs, business leaders, and investors to help educate and inspire the millennial generation.

Clay Finck (01:27):

Welcome to the Millennial Investing Podcast as always. I’m your host Clay Finck and on today’s show, I’m joined by Tony Greer. Tony pleasure, having you on the show.

Tony Greer (01:42):

Thanks for having me on Clay. How’re you doing today?

Clay Finck (01:46):

I’m great. Just getting my footing back together after the holidays.

Tony Greer (01:50):

Same. Very much the same. It’s been a wild ride in the markets through the holidays and everything. All systems are going in the markets, it feels like.

Clay Finck (01:58):

Yeah. Now before we get things kicked off, could you tell our audience about how you view today’s market and how that might be different from the general consensus?

Tony Greer (02:10):

Well, I guess I should start by saying my strategy about trading is very much to let the markets tell me what’s going on. So I don’t really spend a lot of time coming up with a market thesis or an idea. I have certain postulates that I follow. For example, one of the sticky notes that’s written on my wall, behind the camera that you can’t see is the first approach to the markets. And it’s my starting point of waking up every day. You can wake up every day and be bullish, or you can wake up every day and be bearish. And judging from the fact that we are in a secular bull market in equities, I choose to wake up bullish. And so that’s my first starting point, is to wake up bullish.

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BOOKS AND RESOURCES

  • Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance.
  • Get access to Tony’s Newsletter.
  • Related Episode:  MI068: Investing In Commodities w/ David Morgan.
  • Related Episode:  MI126: A Rational Approach to Investing w/ Tobias Carlisle.
  • Get a FREE audiobook from Audible.
  • Check out our Investing Starter Packs about business and finance.
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