💡 Kevin calls them "rolling bubbles”: material by material, one real asset shortage story at a time. Join Wealthion's Real Assets Community to spot them before the crowd: https://wealthion.com/getready The MacroTourist, Kevin Muir, joins Maggie Lake with a blunt warning: regardless of how the Iran war ends, the world has permanently changed, and investors who fail to reposition will get caught on the wrong side. Kevin argues that the post-World War II guarantee of free and open global trade is unwinding, and that even a perfect ceasefire cannot restore the assumptions markets were built on. Separately, he lays out why he now expects a "real accident" in big tech, with the Mag 7 free cash flow to EPS ratio already collapsed to 0.40, and why a famous bond bear is cautiously buying the long end for the first time in years. He also explains why the People's Bank of China quietly remains the most important gold buyer nobody is talking about, and why hard assets and miners are finally getting institutional bids after a decade of neglect. And in a surprise pivot, the famous bond bear tells Maggie that for the first time in years, he thinks long bonds aren't a bad place to be. 💡 Kevin warns there are "traumatic changes" coming for portfolios that aren't positioned for the new reality. Concerned about your exposure? Get a free portfolio review with Wealthion's endorsed financial advisors: https://bit.ly/3OfWmUW 💡 Central bank reserves just flipped: gold at 24%, treasuries at 21%. Kevin says that's the real reason to own precious metals. Buy physical gold and silver at GBI Direct: https://gbidirect.com/?aff=WTH 💡Attend Rick Rules’ Natural Resource Symposium in Boca Raton this July, click here for in-person and virtual tickets: https://cvent.me/XOqdLa?via=Wealthion Chapters: 0:57 - Market Whipsaw: Trading the Ceasefire Chaos 4:32 - The Strait of Hormuz and the Death of Free Trade 7:53 - Why Global Markets Keep Rocketing Higher 13:09 - Inflation Shock or the Recession Nobody Sees Coming 21:06 - Tax Refunds, the Consumer, and the Bull Case 25:25 - Commodities Reborn: Why Materials Are the New Kings 40:25 - Gold's Next Leg: Is the Cycle Still Early? 50:01 - ⭐️Wealthion Golden Nugget: The Contrarian Bond Call Nobody Wants to Make Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement #KevinMuir #MacroTourist #MaggieLake #Gold #Silver #PreciousMetals #HardAssets #Commodities #CentralBanks #Macro #Bonds #Mag7 #BigTech #AI #Inflation #Recession #StockMarket #GoldMiners #Geopolitics ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.