Extreme Valuations + Rising Volatility = 'Wild Ride' Ahead For Markets | Jonathan Wellum
Adam Taggart | Thoughtful Money® Jun 9, 2026
Summary
Wellum argues extreme valuations and macro risks will drive severe market volatility through the back half of 2026, with tech concentration echoing the 2000 dot-com bubble.
Post-correction leadership will rotate into energy, materials, and staples, with Wellum favoring insurance companies like Markel and Kinsale for portfolio defense.
Precious metals and mining equities offer strong fundamentals under the 5Ds framework (Debasement, Debt, De-dollarization, Demographics, Deglobalization), with AI improving exploration efficiency.