Peter Grandich: Why Gold Crushed Stocks and Bonds Since 2021

Veteran market strategist Peter Grandich, Founder of Peter Grandich & Company, joins host Steve Yang to discuss why he believes the coming year demands capital preservation over appreciation. In this wide-ranging conversation, Grandich reflects on four decades in the markets and explains why he thinks we have entered “the most bearish fundamental, social, political, and economic period” of his career. He breaks down how thin liquidity and algorithmic trading create volatility during December’s triple witching, why year-end calm often hides systemic stress, and how passive funds have re-wired market structure. He details his 2021 pivot into physical gold—an asset he…