In his mid-week reality check Mr. Pento is saying he temporarily changing from being hedged against inflation to being hedged against deflation. He’s seeing indications a change in the Fed monetary policy appears to be likely and imminent so he’s thinking that there’s a 25% chance of a rate hike in November and a 70% to 80% chance they do a rate hike in December.
Other than seeing him on TV I’m not that familiar with Mr. Pento’s work so I was wondering if anyone would care to share their thoughts/experience regarding his investing acumen?
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