Buzzberg Cup Bracket locked

Peter Grandich: Why the U.S. Stock Market's Biggest Tailwind Is About to Reverse

Watch on YouTube ↗  |  June 25, 2026 at 14:00  |  46:16  |  Julia LaRoche Show
Speakers
Peter Grandich — Founder, Peter Grandich & Co.

Summary

Veteran analyst Peter Grandich delivers a cautious macro outlook, urging capital preservation over U.S. equity appreciation. He sees better opportunities in Asian equities, especially Singapore and China, and is cautiously buying gold again, while warning on U.S. bonds. Political division, fiscal deficits, and the risks embedded in passive investing underpin his bearish lean.

  • Grandich argues it is time to favor capital preservation over capital appreciation in U.S. equities.
  • He prefers Asian equities, naming Singapore and China, over U.S. stocks.
  • Gold is back in favor as a hedge against fiat debasement and central bank buying.
  • U.S. bonds are unattractive due to debt burdens and the Fed likely accepting higher inflation.
  • Passive investing’s massive inflows are a tailwind that could violently reverse.
  • Political dysfunction and potential wealth taxes add to U.S. market risks.
Ideas
Peter Grandich Founder, Peter Grandich & Co. 4:34
Prioritize capital preservation over U.S. equities.
U.S. equities are overvalued and face mounting headwinds including political gridlock, ballooning federal and state deficits, the threat of wealth and unrealized capital gains taxes, social division, and the risk that passive investing flows reverse. He believes the time has come to prioritize capital preservation over capital appreciation in the U.S. stock market.
SPY HIGH
Peter Grandich Founder, Peter Grandich & Co. 5:11
Prefer Asian equities over U.S. equities.
The best growth is happening in Asia, and he would rather own equities there than in the U.S. He points to Singapore and China as preferred markets, expecting them to outperform U.S. equities given the latter's fiscal, political, and social strains.
Singapore equities FXI MED
Peter Grandich Founder, Peter Grandich & Co. 7:13
Avoid U.S. bonds amid fiscal risks.
U.S. bonds are unattractive as rising deficits and debt make servicing costs a major challenge. The Federal Reserve is likely to tolerate higher inflation rather than aggressively raise rates, further undermining bond returns.
TLT MED
Up Next
2:38
Apple Raises Prices on Macs, iPads, Home Devices
Bloomberg Markets · Jun 25
52:10
You can make a profit if you are not deceived by KOSPI volatility | Myeong Min-jun, Park Ga-young, Lee Ji-hwan [Stock Beginner Rescue Team]
3PRO TV (삼프로TV) · Jun 25
4:01
US Inflation Climbs as Consumers Spent More in May
Bloomberg Markets · Jun 25
0:57
Venezuela Earthquake Death Toll Rises to at Least 164
Bloomberg Markets · Jun 25
1:02:05
Rally Not Over Yet? Semiconductors Are Real From July | Myeong Min-jun, Park Ga-young, Yoo Young-hwa [Stock Beginner Rescue Team]
3PRO TV (삼프로TV) · Jun 25

This Julia LaRoche Show video, published June 25, 2026, features Peter Grandich discussing SPY, Singapore equities, FXI, TLT. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Peter Grandich  · Tickers: SPY, Singapore equities, FXI, TLT