Ted Oakley: US stock market faces generational bear market risk, suggests focusing on commodity and mining stocks

Oxbow Advisors founder Ted Oakley warns that the US stock market is facing generational bear market risks, with an expected market pullback of 40% to 45%. He suggests investors pay attention to commodity and mining stocks. Ted Oakley pointed out that US stock valuations are deviating from normal levels and may peak in the next 6 to 12 months. Chief Investment Officer Chance Finucane expressed caution towards 2027. Oxbow Advisors warns against chasing high risks using Intel as an example, with current stock positions slightly exceeding 60%. Ted Oakley believes that it would be surprising if oil prices do not return to above $100, and he is optimistic about the prices of gold, miners, and silver next year, despite gold currently hovering below $4000.