GLDI - AI Stocks ETF Picks And The Case For $5K Gold And $200K Bitcoin
2024-05-31 11:50:00 ET
Summary
- Michael Lee, financial services industry veteran and founder of Michael Lee Strategy, discusses the outlook for stocks, gold, and cryptocurrencies.
- Michael thinks the economy will avoid recession, even as inflation remains sticky, and that this should be a "pretty spectacular period for stocks" for three key reasons.
- He adds that the AI boom is real, that Nvidia is still 25% undervalued, and that XLC makes a much better sector ETF play than XLY.
- Michael also thinks surging debt and dollar debasement should power gold toward $5,000 and Bitcoin toward $200,000 - and he recommends investing in both.
By Mike Larson, Editor-in-Chief, MoneyShow
Michael Lee, a 20-plus-year veteran of the financial services industry and founder of Michael Lee Strategy, discusses the outlook for stocks, gold, and cryptocurrencies - plus the "arms race" that is minting profits for properly positioned investors.
Transcript
Larson: Hello and welcome to our latest MoneyShow Money Masters Podcast segment. I'm Mike Larson, editor-in-chief at Money Show. And today I’m pleased to welcome Michael Lee, founder of Michael Lee Strategy, to the show. Mike, how are you?...
AI Stocks, ETF Picks, And The Case For $5K Gold And $200K Bitcoin