[Recorded July 7, 2026] Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins us to discuss his investing outlook across multiple resource and energy sectors in the current macroeconomic environment. He shares how he is managing his portfolio as it relates to gold, gold stocks, oil, oil stocks, A.I. Stocks, and those infrastructure stocks adjacent to the massive A.I. datacenter buildouts.
The conversation kicks off around the precious metals sector, noting that the extreme selling pressure and downside momentum has stalled and that we did see a recent small bounce in gold and gold stocks off their lows since the middle of last week.
Sean acknowledged the bear market price action in gold and gold stocks since the tops in late January and February to present, and would like to see the PMs just quit going down and stop making lower lows.
We discussed the growing number of calls for entering a more a bullish period of seasonality, where the PM sector often bottoms in late July into early August.
Sean has been nibbling a little bit on quality PM producers into the overall sector correction, such as Aura Minerals (NASDAQ: AUGO), but ultimately wants to see more follow-through strength and a definitive break up out of the bearish downtrend, before getting more aggressive in adding to new positions.
He is constructive on the upcoming Q2 earnings, where producer margins were still very robust, even despite the higher energy inputs for the quarter. Now with oil prices down very close to levels before the war started, he’ll also be reviewing carefully the forward guidance from companies as it relates to projected costs for Q3.
Next we dove further into the WTI oil price movements into the $70s, and how that may play into current opportunities in the energy stocks, along with expectations around Fed policy.
Sean his hanging on to his energy stocks for now, especially if they have solid fundamentals at these current prices, and pay a good dividend.
He sees the markets as having become very tilted to overly hawkish expectations from Kevin Warsh’s comments on price stability in lieu of rising inflation concerns.
It’s possible that we may see 1 token rate hike from the Fed later in the year, but then it’s more likely to see neutral to dovish policies take back over, especially if energy prices stay in the $70s or low $80s and inflation moderates.
Sean weighs in on the narratives circulating about the potential overspend and over-commitment from big tech companies into the AI datacenter buildout.
Sean already exited profitable positions in the semiconductor chips, and recently pulled a 2nd wave of profits in most of the companies he held in his portfolio exposed to the infrastructure buildout of AI data centers, like Sterling Infrastructure, Inc. (NasdaqGS: STRL).
He notes several large mega-cap tech companies like Meta and Google now renting out some of their A.I. capacity as sign of an overbuild in compute; and draws parallels to the overbuild of fiberoptic cable during the dotcom bubble of the late 1990s into the internet stock crash in 2000-2001.
The rise of China’s less costly and equally efficient A.I. platforms pose a threat to domestic tech companies and may temper any further advances.
He points to the dangerous trends of previously cashflowing tech companies pivoting from profitability to now taking on massive amounts of corporate debt to keep building more compute capacity.
Sean outlined that there needs to be a market rationalization for how much further compute capacity and infrastructure buildout is actually needed, and that this industry may be out over its skis at this point.
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