Anthony Pompliano

In the 70s, even when inflation was high, the bottom for stocks happened when year-over-year CPI peaked.

So even if it peaked at 10%,

when it started to decline stocks went higher and they got back to kind of unchanged while it went back below four that's the main thing that i think people should keep keep in mind is stocks are about not good or bad they're about better or worse and so the rate of change matters a lot and one of the key things for people to think about in trying to forecast where is a good time to buy like okay when do i buy

Okay, for some of the names that you like, I still like Micron.

It's trading at sub four PE off earnings next year, and they're very likely to beat earnings.

But I think the helium problem could bring some production cuts.

So I thought in my mind as we kind of, when I started turning more bearish, that I could see this thing go down to 325.

And the reason is NVIDIA is cheap and NVIDIA keeps getting cheaper and they've had 20, 30, 40, 50% drawdowns.

They had deep seek moment, which drew it down last year for no valid reason.

I think Micron is going to go through a similar thing.

I think the memory names are going to go through that.

So I kind of have a list of places where I want to be buying stuff.

I bought VIX, whatever it was, four or five weeks ago.

Well, when I was sitting out in your lobby, I've got offers out there in my VIX stuff that I bought to sell a little bit.

Because I'm taking off some of my hedges as we go through, not all of them, but I think at this point we've fallen now 7% off the highs, pre-market with where the VIX was, we were 9% off the highs.

Well, if I think there's a 20% correction that should happen in the S&P at 15 to 20, we're kind of halfway through it, maybe 40%.

So you should be taking off a little bit of the hedges and you should be buying a little bit.

But if you want to find the spot where I think

you can safely get things.

It's when the high in year over year inflation will be.