This bull market is crashing and no one is talking about it! We kick off the fourth quarter by talking about how the government shut down has impacted the market. Precious metals—particularly gold, silver, and mining stocks—continue to surge in a largely overlooked bull market. We also critique flawed data interpretations and talk the dangers of drawing false conclusions and the importance of treating data as correlation, not truth. We urge you to think critically about information in both science and finance. Today we discuss...
- Markets have largely ignored the government shutdown, even moving higher despite it.
- Gold, silver, and mining stocks are in a powerful bull market that most investors are overlooking.
- Data shows correlation, not truth, and conclusions must be questioned.
- Investors should focus on price action and risk management, not the “why” behind moves.
- Private equity firms are overleveraged, with declining returns and cash flow–negative companies.
- While some private equity opportunities may exist, most are poor deals for average investors.
- Examples like JoAnn Fabrics and Red Lobster are cited as once-strong businesses destroyed by debt-heavy private equity ownership.
- Public backlash is growing as stories emerge of private equity “ruining” local businesses, hospitals, and jobs.
- The Big Ten Conference is reportedly exploring selling part of its media rights to private equity for short-term funding.
- Private investors could demand control over athletic or academic decisions, clashing with university missions.
- A lack of ethical grounding and values fuels these destructive financial practices.
- Many societal problems stem from short-term greed and moral decay rather than lack of opportunity.
- They review sector strength, noting broad participation and strong 52-week highs as signs of market health.
- Market breadth is strong, showing that many stocks—not just the “Magnificent 7”—are participating in gains.
- A “bull market behavior checklist” shows most indicators remain positive, suggesting momentum continues.
- Seasonal charts show typical market strength in early and late-year periods, but be cautious against overreliance on averages.
- They warn investors to be cautious even in strong markets, as low defensive positioning can precede pullbacks.
- Wealth preservation depends not just on building assets but structuring them to last.
"Cash is not trash... Cash is King" - Kirk Chisholm
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Today's Guest: Kirk Chisholm
Kirk Chisholm is a Wealth Manager and Principal at Innovative Advisory Group, an independent Registered Investment Advisor located in Lexington, MA. He has been providing wealth management services to individuals, executives, entrepreneurs, and their families since 1999. He is an outside the box thinker, risk manager, inflation expert, blogger, podcaster, and all-around interesting guy. Kirk is dedicated to developing lasting relationships with all of his clients and their families. One of the benefits of working with Kirk is his patience, empathy, and his ability to provide clear and easy-to-understand explanations to complex financial topics.
Kirk developed a unique philosophy for the wealth management industry called Risk Management First. The medical field has a similar way of thinking of “first do no harm”. This philosophy focuses on risk management for clients in all aspects of their lives in ways the industry does not address. Risk management does not stop with investments. It also requires working closely with other professionals to address areas of their financial lives not currently being met.
In 2008, Kirk co-founded Innovative Advisory Group to address the needs not being addressed by the wealth management industry. It started with specializing in alternative assets held in retirement accounts (i.e. self directed IRAs/401ks). Then the company expanded into the specialization of college funding (i.e. planning, strategy, and paying the least possible for a high quality education), Risk Management First, exit planning for business owners, advanced planning (estate, tax, etc), and providing practice management and leadership training to other financial advisors, accountants and attorneys.
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Today's Panelists
- Kirk Chisholm | Innovative Wealth
- Douglas Heagren | Mergent College Advisors