Portfolio Manager, Forthlane Partners
7 dated public stances tracked since 2026-07-31, most recently 2026-10-09. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Andrew Sarna's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Andrew Sarna is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Every tracked call with at least one matured horizon: the rows behind the Returns
line above. A dash is a horizon that has not matured yet.
2026-10-09
long EQUITIES / long GOLD / short Long Dur Treasuries
other
Wealthion · video
In the new fiscal dominance regime the old equities-plus-bonds risk parity breaks down; the replacement portfolio pairs long real assets and equities (both benefit from deficit spending) against short bonds (the only check on fiscal authorities, and…
“the new risk parity portfolio is equities, hard assets...and it's actually short bonds”
AI Is Propping Up the Economy. The Fed Could Break It.
2026-10-09
US POWER PRODUCERS / UTILITIES
bullish
Wealthion · video
A Morgan Stanley-cited 57 GW US power shortfall through 2028 — equivalent to 10 New York Cities — driven by AI data center demand makes power producers attractively valued after pulling back on data center politicization, without needing a parabolic price…
“The US is short 10 New York cities of power through 2028”
AI Is Propping Up the Economy. The Fed Could Break It.
2026-10-09
SENIOR CARE / ASSISTED LIVING OPERATORS
bullish
Wealthion · video
Accelerating boomer aging ('silver tsunami') will drive structural demand for senior housing while COVID decimated existing supply capacity, creating a long-term supply-demand imbalance despite near-term rate headwinds
“COVID decimated that sector...you sort of have two elements at play”
AI Is Propping Up the Economy. The Fed Could Break It.
2026-10-09
HOUSING
bearish
Wealthion · video
Housing was already in poor shape before the current rate cycle, and further Fed tightening will apply additional pressure to an already vulnerable cyclical sector with limited ability to absorb higher yields
“it was already in pretty poor shape, and now we're seeing yields that are only going to pressure that sector even harder”
AI Is Propping Up the Economy. The Fed Could Break It.
2026-07-31
Long Dur Treasuries
bearish
Wealthion · video
Implicit yield caps from deficit financing mechanics mean bonds can only be a tactical trade — the structural money-printing backdrop permanently impairs their safe-haven value, so they are no longer a core portfolio holding
“it can only be a trade, it's no longer a core holding”
90d -0.3%
Why a Recession May Never Come... and Why Gold Still Wins
Said again: 2026-10-09 (Wealthion)
2026-07-31
GOLD
bullish
Wealthion · video
G7 deficits will never be balanced, requiring perpetual money printing that debases fiat currency, while geopolitical fracturing of the world order creates structural sovereign demand for gold as a real asset
“there's no way the US or the rest of the G7 are going to balance their books — that's just another bull case for gold”
90d -0.8%
Why a Recession May Never Come... and Why Gold Still Wins
Said again: 2026-10-09 (Wealthion)
2026-07-31
ENERGY
bullish
Wealthion · video
Chronic global underinvestment in energy production means any supply glut will eventually clear, and US domestic producers deserve a geopolitical premium given Middle East tensions, setting up a long-term re-rating
“we view the energy sector as just a place to wait — we will get through any supply glut”
90d +16.1%
Why a Recession May Never Come... and Why Gold Still Wins
Idea Scout Weekly
Every Sunday: who said what across the tape we track —
1766 voices, 5,177 episodes and articles —
with side-flips and points of disagreement called out. Free.
How we track it.
Free · double opt-in · unsubscribe in one click