Voices / stance tracking
What Felix Zulauf is saying
Founder, Zulauf Consulting
9 dated public stances tracked since 2024-12-18, most recently 2026-03-25. 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 Felix Zulauf'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. Felix Zulauf is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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9
tracked stances
9
themes
0
side flips
2026-03-25
last heard
Returns 90d +5.6% (n=7) · 180d +17.2% (n=7) · 1y +3.6% (n=6)
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.
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| AI / MEGA-CAP TECH LEADERS | 1 | 1 bullish | 2024-12-18 | |
| CANADA (RESOURCE ECONOMY / EQUITIES) | 1 | 1 bullish | 2024-12-21 | |
| CANADIAN RESOURCE SECTOR / CANADIAN ASSETS | 1 | 1 bullish | 2024-12-18 | |
| China Equities | 1 | 1 bearish | 2025-09-30 | |
| Commodities Broad | 1 | 1 bullish | 2024-12-21 | |
| EUROPEAN SHORT-TERM INTEREST RATES | 1 | 1 bearish | 2026-03-25 |
Tracked stances
2026-03-25
EUROPEAN SHORT-TERM INTEREST RATES
bearish
Felix Zulauf · video
European economy will underperform expectations by a vast amount, forcing the ECB to cut rates far more aggressively than the market is currently pricing over the next 18 months
“the economy will underperform expectations by a vast amount and therefore they will cut”
Zulauf's Outlook on Interest Rates - March 11, 2026
2025-09-30
China Equities
bearish
Felix Zulauf · video
Trade war will deliver a major economic shock disproportionately absorbed by current-account surplus nations, while consensus has dramatically underpriced global recession risk (fund managers cut trade-war-recession probability from 40% to 12%)
“I think it's going to be a major shock for the world economy... felt very badly on surplus countries in particular”
90d +5.5% · 180d +14.0%
Zulauf's Global Economy Outlook - September 25, 2025
2024-12-21
European Equities
bullish
Wealthion · video
Europe's mercantilist export model is incompatible with rising nationalism; extreme green-energy policies have produced the world's highest electricity prices, destroying industrial competitiveness, while excessive regulation blocks reform for at least one…
“with tight regulation, high energy prices, you cannot be a winner in economic terms — you cannot”
90d -13.4% · 180d -19.8% · 1y -35.0%
Market Recap: Insights From Felix Zulauf, Sven Carlin, Cem Karsan, and EJ Antoni
2024-12-21
Commodities Broad
bullish
Wealthion · video
Protectionist deglobalization triggers infrastructure and defense spending surges, a currency devaluation race, and a structural rotation from growth assets into real assets — minerals, metals, oil, and energy — driving a multi-year commodity bull market
“I think you will have a run to the base in currencies... all of that leads for me to a bull market in real assets”
90d +5.7% · 180d +11.2% · 1y +10.6%
Market Recap: Insights From Felix Zulauf, Sven Carlin, Cem Karsan, and EJ Antoni
2024-12-21
CANADA (RESOURCE ECONOMY / EQUITIES)
bullish
Wealthion · video
Canada is self-sufficient and resource-rich; coming infrastructure/defense spending cycle that demands minerals, metals, and energy will disproportionately benefit Canada in the next commodity bull market, and a shift to more conservative governance removes a…
“Canada will do very well in the next bull market... Canada is an attractive place to be”
Market Recap: Insights From Felix Zulauf, Sven Carlin, Cem Karsan, and EJ Antoni
2024-12-18
USD
short
Wealthion · video
Dollar has risen since 2008 and is now overvalued; as Fed aggressively eases in the next cycle and a global currency debasement race unfolds in a protectionist environment, USD weakens materially
“the next bull market will be bearish for the US dollar”
90d +3.4% · 180d +7.1% · 1y +4.4%
The Biggest Bubble Yet? Felix Zulauf Warns of Extreme Market Risks
2024-12-18
MATERIALS / DEEP CYCLICAL EQUITIES
bullish
Wealthion · video
Currently underweighted in portfolios so face less selling pressure in the coming bear; develop relative strength in late bear stages and historically lead the next up-cycle; cheap valuations plus currency debasement boosts earnings
“the material stocks the Deep cyclical stocks they will do very well”
The Biggest Bubble Yet? Felix Zulauf Warns of Extreme Market Risks
2024-12-18
CANADIAN RESOURCE SECTOR / CANADIAN ASSETS
bullish
Wealthion · video
Canada is resource-rich and self-sufficient; natural resources in a cyclical bear now but positioned to benefit from the next commodity bull driven by infrastructure, defense, and real-asset demand; improving governance is a tailwind
“Canada is an attractive place to be”
The Biggest Bubble Yet? Felix Zulauf Warns of Extreme Market Risks
2024-12-18
AI / MEGA-CAP TECH LEADERS
bullish
Wealthion · video
Late-cycle doubling of leaders is a classic warning sign; AI mirrors the internet overinvestment cycle where first correction is sharp even for quality names — Amazon fell 90% despite great fundamentals
“the declines could be terrific as terrific as the Rises that we have seen”
The Biggest Bubble Yet? Felix Zulauf Warns of Extreme Market Risks
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