On this week's Stansberry Investor Hour, Corey welcomes his colleague Brett Eversole back to the show. Brett is the editor of the True Wealth, True Wealth Systems, and DailyWealth newsletters. He also serves on the Investment Committee for Stansberry Portfolio Solutions.

Brett kicks things off by sharing what he learned from his mentor Steve Sjuggerud, including the investment philosophy of buying assets that are "cheap, hated, and in an uptrend." He examines the recent tariff drama and why he believes we're about to return to a boring market fueled by fundamentals after several months of turbulence. As Brett explains, a lot of it has to do with increased capital spending from hyperscalers...

Goldman Sachs just came out and said that they expect the hyperscaler capital expenditures to be $1.15 trillion in 2025, 2026, and 2027. For those same companies, they spent around $480 billion over the three prior years. So what really in a lot of ways kind of saved the market in '23 and '24 was this AI rollout and this massive amount of capital spending from the largest corporations in America into the real economy.

Next, Brett reviews the difference between secular bull markets and cyclical bull markets. He compares today's bull market (driven by AI) with the bull market of the late '90s (driven by the Internet), noting that a massive infrastructure buildout caused both. Brett predicts a normal market for the next few years, followed by a dot-com-style AI boom and then a "lost decade." He also discusses the S&P 500 Index decoupling from the U.S. economy, tariffs hurting smaller companies, and why he's bullish on gold and silver...

One of the things that's exciting about gold stocks as well is that – despite the good rally we've seen over the past 12 months or so – shares outstanding are still falling. So retail [investors haven't] really got onto that idea in an aggressive way yet. And I would say it's pretty similar for silver.

Finally, Brett talks about indicators that investors can use to gauge the market's underlying health, as well as what divergence between the indicators can mean in both the short and long term. He then dives into his work on Stansberry Portfolio Solutions, including the strategy the team uses to find the best companies and how to manage risk. And he closes things out with an analysis of today's real estate market...

I think if the U.S. housing market was going to die, it would have died a long time ago. We're essentially three years into mortgage rates being twice what they were for the decade prior. We've had 6% to 7% rates for a solid three years now, and home prices haven't budged at all. And I think that tells you just how out of balance the inventory versus the number of buyers really [is].

Click here or on the image below to watch the video interview with Brett right now. For the full audio, including Corey's post-interview thoughts, click "Listen" above.

Additional past episodes are located here.)

The transcript is coming soon.

This Week's Guest

Brett Eversole is the editor of True Wealth, True Wealth Systems, and DailyWealth, as well as a member of the Investment Committee for Stansberry Portfolio Solutions. He has been with Stansberry Research since 2010. Boasting a strong background in applied mathematics and statistics, including a degree in actuarial science, Brett has put his analytical expertise to work in the markets with a top-down investment approach.

He spots big macro trends in the market, looks for opportunities based on valuation and overall market sentiment, and waits for momentum to be in his favor before buying in. This approach means Brett consistently takes a contrarian approach to investing. And combining that with data-driven analysis leads to fantastic long-term performance.