Stocks To Surge 40%, Then Crash 80%—10-Year Yield To 0% | David Hunter

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David Hunter (1:24)

Currently, my S&P target is 10,000, believe it or not. My target on the Dow is 70,000, and my target on the Russell is 4,000. And my gold target I raised to 7,000 for gold, but you could have as big as an 80% decline peak to trough. So if you get to 10,000 on the S&P, you could go all the way back down to 2,000. I do believe we could see a 0% tenure in a global bust.

David Lin (1:54)

What you just heard were the biggest calls that our next guest, David Hunter, Chief Macro Strategist of Contrarian Macro Advisors, is going to make in today's episode. The last time David was on the show was in May 2024 A lot has happened and changed since then, but what hasn't changed is David's bullishness. Back then, he was calling for a meltup in the stock market, and the S&P 500 has rallied 51% since the last time he was on the show.

He's saying this isn't over, and he's upgrading his bullish forecast for the end of this cycle, after which will be a global bust, he says. Now, this global bust hasn't happened yet, so today we're going to review all the calls that David got right, what he missed, and what's ahead for investors. The most contrarian call he's making is that oil prices are coming down, and of course also that bond yields will come down as well, but we'll get to that. On this show, we've been reviewing prediction market odds for how high oil will go, but how low could it get? Right now on Kalshi, traders are predicting only a 20% chance that the WTI crude oil price will get to 64.99 or below by the end of the year. If you agree with those odds, and if you agree with David's overall bearishness on oil, then a $50 trade on this outcome could yield a payout of $198 if you're right.

David's going to give his target level for oil, so stay tuned. This video is sponsored by Kalshi, the largest prediction market in the United States. Unlike a sports book, you're trading peer to peer on real world events from economic data to political outcomes and the price moves based on public opinion, not a house. Go to the link in the description where scan the QR code here and use code Lin. New users can get $25 in app credits when they trade $25. Kalshi is CFTC approved and available in all 50 states, including California and Texas. David, welcome back to the show. Good to see you again. It's been a while.

David Hunter (3:49)

Yeah. Hi, David. Great to see you. Yeah, it has been a while.

David Lin (3:51)

Welcome back to the show, David.

So let's get your thoughts on stocks first. The last time I had you on was 2024 You called for the S&P to go to 7,000 points by the summer. It reached 7,000 eventually, not as soon as you had predicted, but are you still bullish right now despite the fact that the 10-year and the 30-year are at both multi-decade highs?

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