Name: Marc Faber Returns: My 2026 Prediction Is “Doom” (Sell US Stocks)
Uploaded: 2026-01-08T21:15:06+00:00
Duration: 3359 s

Speakers

Marc Faber — Editor, Gloom, Boom & Doom Report

Summary

Marc Faber joins Maggie Lake to discuss his 2026 outlook, arguing that U.S. equities face a difficult year after decades of asset inflation and policy intervention. He expects an interest-rate breakout that stocks will not like, favors capital preservation, and sees better relative value in non-U.S. markets, Latin America, dividend stocks, and precious metals. He is cautious on long-term bonds, U.S. residential real estate, and Bitcoin, while acknowledging bonds could rally on negative sentiment.

Marc Faber says 2026 will be doom for U.S. markets and that an interest-rate breakout will hurt stocks.
He views U.S. equities as expensive and overowned, with money potentially rotating to cheaper non-U.S. markets.
He favors precious metals, high-dividend stocks, and diversification, and sees continued gold, silver, and platinum demand.
He is positive on emerging markets, Latin America, Brazil, Colombia, and parts of Asia for relative valuation or safety reasons.
He sees long-term bonds as unattractive but says negative sentiment could spark a rally; he holds some bonds for diversification.
He expects U.S. residential real estate to decline and is skeptical of Bitcoin as a store of value.
He discusses inflation, war cycles, and the historical benefits of capitalism and free markets.

Ideas

Marc Faber Editor, Gloom, Boom & Doom Report 0:21

US stocks are overvalued and vulnerable.

Faber is bearish on U.S. equities: they are near record highs while the U.S. market is about 65% of global stock capitalization, valuations are bubble-like after decades of money printing and intervention, and a coming interest-rate breakout will hurt stocks. He says investors should focus on losing the least rather than chasing upside.

Marc Faber Editor, Gloom, Boom & Doom Report 13:47

Rotate away from US tech.

Faber sees a bubble concentrated in U.S. tech-related assets; people globally own Tesla, Nvidia, FAANG-related stocks, and leveraged options. He later says money could flow out of U.S. MAG 7 and semiconductor stocks into cheaper markets after U.S. equities underperformed emerging markets and Europe for the first time since 2009.

Marc Faber Editor, Gloom, Boom & Doom Report 27:38

Own precious metals as money hedge.

Faber says he is more comfortable owning gold, silver, and platinum than paper currencies or Bitcoin. He views gold as a store of value and superior unit of account in a world of money printing, notes most people own little or no gold, and says precious metals can continue higher.

Marc Faber Editor, Gloom, Boom & Doom Report 29:00

US residential real estate is bubble.

Faber warns that residential real estate, which is the bulk of middle-class assets, will go down because it is in a colossal bubble as well.

Marc Faber Editor, Gloom, Boom & Doom Report 30:42

Favor high-dividend stocks for cash flow.

Faber likes cash flow and high-dividend stocks, including stocks with 7% to 10% dividend yields, and stresses the power of compounding; he holds this alongside gold for diversification.

Marc Faber Editor, Gloom, Boom & Doom Report 33:42

Cheaper non-US markets may attract flows.

Faber says money could rotate out of U.S. equities into emerging economies, China, India, or Europe because these markets are much cheaper than the U.S. on price-to-sales, price-to-book, and P/E, and the U.S. has just underperformed emerging markets and Europe for the first time since 2009.

Marc Faber Editor, Gloom, Boom & Doom Report 34:55

Emerging markets should outperform developed.

Faber believes emerging economies will do much better than developed markets if peace holds because their demographics remain more favorable and, lacking a large social safety net, households tighten belts and hustle when conditions worsen; valuations are also much cheaper than the U.S.

Marc Faber Editor, Gloom, Boom & Doom Report 37:37

Latin America is cheap and safer.

Faber says he has been positive on Latin America because it is unlikely to be in the main war theaters, its markets have low valuations, and it looks very cheap relative to other emerging markets.

Marc Faber Editor, Gloom, Boom & Doom Report 38:59

Brazil is especially cheap.

Within Latin America, Faber specifically calls out Brazil as especially cheap relative to other emerging markets.

Marc Faber Editor, Gloom, Boom & Doom Report 39:03

Colombian stocks are reasonably priced.

Faber says he has significant investments in Colombia because Colombian stocks are reasonably priced, not because of any political anticipation.

Marc Faber Editor, Gloom, Boom & Doom Report 39:22

Favor safe, free Asian markets.

Faber says he likes Indochina and is very positive on Singapore and Hong Kong because they are free and safe; safety is an important factor, and he notes Thailand is popular and safe despite being called a failed state.

Marc Faber Editor, Gloom, Boom & Doom Report 41:23

Bonds may rally but are unattractive.

Faber says bond sentiment and allocations are extremely negative, so bonds could rally if the economy turns very bad; he holds some bonds for diversification and argues they may fall less than tech stocks, though he considers long-term bonds unattractive.

Marc Faber Editor, Gloom, Boom & Doom Report 44:51

Bitcoin is not a reliable store.

Faber says Bitcoin may have some trading value as long as people believe in it, but he does not accept it as a store of value because a severe war or infrastructure shutdown could cut off the internet, electricity, and blockchain access.

Marc Faber Returns: My 2026 Prediction Is “Doom” (Sell US Stocks)

Summary

Ideas

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