BOTTOM IS IN, Says Trader Who Predicted The Crash | Mel Mattison
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Alright. Welcome back to another episode of Ford guidance. And joining me today is Mel Madison, who's an author, investor, fintech executive. He was on the show a couple times back when Jack Farley was running this joint, and it's been wildly overdue to get him on under my hosting of Ford guidance now. So, yeah, Mel, it's it's great to have you on the show. How you been? I've
been doing great, and it's great to be here on with you, Felix. There's definitely been some events transpiring since my last appearance. Yeah.
Yeah. To say the least. So, in in in the preparation of this interview, I went back and listened to a you're on a podcast about, I think, just over a month ago. And you're making some pretty bold calls about expecting, 15 to 20% major market correction that was largely derived through what you characterize, I believe, as as Trump, you know, front loading a lot of pain first and for some good things to come later on. And that's happened, and I've noticed now that you're actually also wildly bullish. So first off, I wanna give you props on that call. It's not easy to make such a such a meaningfu
Yeah. Well, I I appreciate that. And I think, you know, you need to be humble in this business because, you know, crazy stuff happens. But I I would point out it's not like I was making that, you know, 20% correction call, like, two weeks ago. I was making it in December and January. So coming into the year, I mean, I just saw everybody so bullish. Like, everybody's like, oh, Trump's gonna initiate, you know, just you know, he's gonna wave a magic wand, and we're gonna have low inflation. We're gonna have deregulation. We're gonna have amazing m and a activity. And then I combine that with, li
Cool. Yeah. I would love for you to walk me through the key macro drivers that were occurring during this hiccup market crash moment that we've seen recently because, you know, it's yes. Stocks are expensive. But, you know, in my opinion, just shorting because of that is a losing game. Like, you need some sort of catalyst to occur because they can just get more expensive. It's a highly, you know, reflexive dynamic. So, yes, it provided the environment to see such pullback because they were expensive. I don't think anybody would argue with that. But I'm curious. Like like, bring us up to speed
Yeah. Definitely. And and I also want to admit, like, I got faked out too because I was I was buying puts and thinking, like, we're overvalued, ready for a pullback in December and January. And then I started seeing the deep seek, and we had that drawdown in January. And, actually, some of the puts that I had bought, you know, at the beginning of the year, I pulled out of as we went to new highs in February. Otherwise, you know, I I literally would have had, like, the most amazing year ever. I had a I've been having a great year so far, but I was like, okay. I need to pull back from some of my
taxes. Yeah. But
we're gonna get the taxes in, and that's gonna give us a very little time. And then there's gonna be a massive to issue debt. And so where are we heading towards? What are we heading towards? We're heading towards massive spending, massive debt debt issuance, essentially status quo, which is inflationary, which does not necessarily mean a strong economy. It doesn't necessarily mean real growth. And I think during the Biden administration, we basically had no real growth. I think CPI numbers are BS. And if you look at, like, you know, CPI numbers and you add, like, two or 3% to it, that takes a
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