Sean Brodrick – Economic Data Has Him Hesitant On Big Tech, But Still Constructive On Gold, Silver, and PM Stocks, And Buying The Dip In Energy Stocks
The KE Report w/ Shad Marquitz and Cory Fleck 05-20-2025
Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily, joins us to outline why he is not convinced in the Wall Street narrative that the worst parts of the tariff implications are behind us, based on macroeconomic data he is following including the weakness in the US long bond, US dollar, and business guidance through year end. He is only holding the highest conviction sectors like gold, precious metals stocks, dividend paying mid-tier oil and gas stocks, and utility stocks, in this continued environment of uncertainty.
🔑 Key topics covered by Sean Brodrick:
🔹 We start off discussing the key signal being sent by the US long bond weakness, showing this larger market is not in agreement with the recent surge and rebound in the US stock indexes.
🔹 He notes the continued challenges to trade barriers, issues with the growing US deficit and increased debt loads, and that international buyers still scaling out of US markets and bonds to repatriate funds into their own domestic stock markets.
🔹Sean has been bullish European defense stocks, South American fintech and water stocks, and even Canadian stocks; although he’s not yet transitioned to buying Japanese stocks at this point.
🔹He is not convinced that large US tech stocks are in the same kind of safe upward trajectory that they have been for years and believes AI and other foreign platforms may be a threat to some domestic large-cap tech stocks.
🔹 With regards to the commodities sector, Sean is constructive that this recent pullback in gold has been a buying opportunity and is still bullish both gold and silver stocks in the medium-term.
🗣 Quote: “I don’t everyone should be bearish I mean there are things I don’t want to own but there are plenty of things I do want to own. As for the pullback in gold, I think that is ending sooner that later. I think this is a pullback that is a normal and necessary thing in a bull market, which is what gold is in. Silver too. When you start to look at some of these silver stocks, outside of the deals, precious metals stocks look really good.”
🔹He is also is getting interested in accumulating the better run intermediated oil and natural gas stocks that pay good dividends and may be the acquisition targets of the larger energy companies.
“There are things not being bought yet, but I think people will want to buy them. We were all speaking about all the bargains in the oil and gas space right now. There are stocks that are trading at or below their price to book value, that are still expected to grow earnings, and they pay you a dividend to boot. The value that I’m seeing in the oil and gas space right now really looks extraordinary.”
In particular Sean is most bullish on the quality intermediate oil and gas producers that will have good cashflows and could be attractive takeover candidates by the larger energy producers. He is not as sure about oil service companies because of how technology is changing that segment of the energy sector
“If you look around you find oil producers that are incredibly resilient and those are the ones I’d be looking at because people know those companies can make it through anything.”
🔹He likes nat gas power as a bridge energy for big data companies and AI, and still sees value in the utility stocks, that also pay investors nice dividends to wait for better prices.
🔹This leads into a discussion on why he’s still bullish in the longer-term for copper and copper equities, but doesn’t feel it is as imminent or urgent to get positioned.
➡️Click here to listen to the full interview with Sean on the macroeconomic data that has his attention, why he’s avoiding big tech, but is bullish on the precious metals complex and buying the dip in the energy stocks.
👉 Click here to follow along with Sean’s work at Weiss Ratings Daily and Wealth Megatrends
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