Jonathan Wellum Predictions

founder and CEO of Rocklink Investment Partners

Track Jonathan Wellum's public market predictions and forecast accuracy. Each prediction is recorded from the date it was published to its estimated deadline, then graded correct or wrong based on the outcome.

33 forecasts 1 wrong 32 pending

Rankings only reflect predictions tracked on this site and do not represent a predictor's full record.
Grading involves judgment and may not always be clear-cut.
Submit corrections

33 forecasts

Person Subject Forecast* Source Date Deadline** Outcome

Jonathan Wellum S&P 500 The index trade is becoming increasingly risky due to high valuations concentrated in a small number of companies, implying underperformance or a correction ahead

See quote

[5:17] the index trade uh has been a great trade but that just means it's getting long on the tooth and there's an inordinate number of companies relatively small number of companies I should say that are carrying the um high valuations that are influencing these indexes. So you want to be very careful what you're buying.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-09-21 2027-09-21 pending

Jonathan Wellum AI Stocks AI and technology stocks will experience overinvestment, write-offs, and financial damage as a result of the current spending boom

See quote

[6:35] there's going to be overspending and there's going to be overinvestment and that means there's going to be some writeoffs and there's going to be some damage. And if you're doing that in the midst of interest rates going up and inflation running hotter, that just puts more pressure on the whole system.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-09-21 2028-09-21 pending

Jonathan Wellum S&P 500 Price-to-earnings ratios will contract as inflation remains elevated and interest rates rise, putting pressure on stock valuations

See quote

[2:39] If inflation is going to remain a little higher that means price earnings ratio should actually come down. that puts pressure on valuations. And so if you're an investor, you're saying, I want to be careful what I'm paying for valuations because if uh if inflation is going up, that means interest rates have to be going up.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-09-21 2027-09-21 pending

Jonathan Wellum US Interest Costs US government interest costs will surpass Social Security spending within one to two years

See quote

[17:15] social security is 22% of the of the US budget. And so now you're gonna have interest maybe in another year or two actually surpass social security.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-09-21 2028-09-21 pending

Jonathan Wellum Gold Gold will continue to appreciate as a monetary substitute amid ongoing currency debasement, financial repression, and persistent inflation

See quote

[17:52] there's going to have to be financial repression of some sort there's going to have to be pressure on our currencies are going to have to continue to have inflation. Um otherwise we're not going to get out of the situation... I want to own a monetary substitute

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-09-21 2028-09-21 pending

Jonathan Wellum Silver Silver will appreciate over a three-to-five year horizon driven by structural supply deficits and growing technological demand

See quote

[14:55] we actually feel more comfortable buying some of the commodities um because there's a structural deficit in a lot of these commodities. And so we're not put off by volatility day in month and we're looking at the long term. You got to look at at this thing three to five years if you're going to buy into copper, you're going to buy silver.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-09-21 2029-09-21 pending

Jonathan Wellum Copper Copper will appreciate over a three-to-five year horizon driven by structural supply deficits and growing demand from digitization and electrification

See quote

[14:55] we actually feel more comfortable buying some of the commodities um because there's a structural deficit in a lot of these commodities. And so we're not put off by volatility day in month and we're looking at the long term. You got to look at at this thing three to five years if you're going to buy into copper, you're going to buy silver.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-09-21 2029-09-21 pending

Jonathan Wellum Uranium Uranium will appreciate over the next five years driven by structural demand growth from nuclear energy

See quote

[15:13] when we look or uranium because of the demand for nuclear, so we own chemical business like that, we're in for the next five years.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-09-21 2031-09-21 pending

Jonathan Wellum Inflation Rate Inflation will remain stubbornly elevated, continuing to challenge investors and pressure valuations

See quote

[1:46] the inflation trade, I think, is going to continue to be a challenge. I'm not calling for you know massive increase in inflation... but as we know this inflation has come because of you know fiscal spending, overspending, large deficits

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-09-21 2027-09-21 pending

Jonathan Wellum Gold Gold will perform well and the gold trade will come back into favor over the coming years

See quote

[6:30] I think that that the gold trade silver trade are going to come back into vogue again and it will do just quite well if you're patient you have to be patient

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-08-14 2028-08-14 pending

Jonathan Wellum Commodities Commodities broadly will offer strong investment returns going forward due to underinvestment and surging demand

See quote

[4:12] I think the commodity, we've underinvested in commodities basically and now we're demanding them like there's no tomorrow and we've got dependencies on nations that we don't want to have long-term relationships and dependencies with and all of that's feeding into I think good opportunities in the commodity space.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-08-14 2028-08-14 pending

Jonathan Wellum AI Stocks Many AI-related companies will go bankrupt as the AI capital expenditure boom fails to generate adequate returns

See quote

[16:27] there will be fallout and there will be a lot of companies that disappear and go bankrupt too. So um that's just part of build out of the new technology.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-08-14 2029-08-14 pending

Jonathan Wellum AI Capex Returns AI hyperscalers will not achieve the high rates of return on their massive capital expenditures that the market expects

See quote

[14:54] when you're spending a trillion dollars a year plus plus plus and you're trying to generate a 15% return on equity which is what you want to be doing at least on that where's that 150 billion going to come from profitability. They don't know. Um and so what it is it's it's fear of missing out when it comes to the hyperscalers... it's fair to say it's impossible to believe that there's going to be these great high high rates of return.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-08-14 2028-08-14 pending

Jonathan Wellum AI Stocks AI revenue growth will come in slower than market expectations as businesses take longer to justify and assimilate AI expenses

See quote

[9:08] that also could mean that the your growth rates and the revenue that people are expecting might not be as fast as people expect. Might take a little more a little longer to assimilate it and for companies to justify those expenses

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-06-22 2028-06-22 pending

Jonathan Wellum AI Stocks Many smaller players in the AI/tech space will not survive, similar to the dot-com bust

See quote

[11:46] if there's a lot of like smaller players and there'll be a lot of other players sort of trying to hold on to the and grab hold of this rocket ship. Uh there will be uh you know, companies that aren't they don't survive.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-06-22 2030-06-22 pending

Jonathan Wellum Sprott Inc Sprott Inc will be acquired as a takeover candidate given its strong brand in the commodity ETF space

See quote

[25:39] we own it for the long term prognosis but also that's very much a takeout candidate.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-06-22 2028-06-22 pending

Jonathan Wellum VIX Markets will experience significantly heightened volatility in the back half of 2026

See quote

[0:00] I think there's going to be a lot of volatility in the market. I don't think that you have to be a genius to see that. There's just a lot of stresses. Valuations are high, tensions are high... All of this stuff is hitting at one time and I think investors need to be preparing for volatility... it's going to be, I think, a wild ride.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Thoughtful Money 2026-06-09 2026-12-31 pending

Jonathan Wellum Energy, Materials, Consumer Staples Energy, materials, consumer staples, utilities, and healthcare sectors will outperform and hold up well relative to the broader market during a coming AI-driven correction

See quote

[29:19] the best performing sectors were energy, materials, uh consumer staples, utilities and healthcare after that draw down. You can see those have low correlations really to the AI spend. And so I would argue that some of the commodity businesses actually might hold up quite well even though there's volatility um and some of the basic consumer staples and utilities some of the more stable businesses that are more predictable uh would would would do quite well.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Thoughtful Money 2026-06-09 2028-06-09 pending

Jonathan Wellum AI Stocks Hyperscalers and high-flying AI companies are overbuilding and their valuations will be substantially clipped when the market realizes AI is not delivering expected returns

See quote

[22:45] we're seeing the same five things. explosive capex spending, sky-high valuations, market concentration amongst players, speculative fever, FOMO investing, and then the fifth is uncertainty in terms of the earnings delivery and the potential overbuild... I think it will be a shock to the market if all of a sudden we realize this isn't developing the valuations of some of these high-flyers which is pretty concentrated would have their wings clipped fairly substantially.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Thoughtful Money 2026-06-09 2027-12-31 pending

Jonathan Wellum Inflation Rate Inflation will continue running at roughly 2-3% (or slightly higher) through the rest of 2026

See quote

[1:29] Yeah, I think that um we're going to continue to see inflation running similar to what we've seen uh in the last little while 2-3%. I mean it's a little bit higher today and that's wasn't necessarily a surprise given the the jump in oil prices as a result of the uh the war in the Middle East

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-05-13 2026-12-31 pending

Jonathan Wellum Interest Rates Interest rates will continue to rise due to the global debt crisis and ongoing fiscal pressures

See quote

[4:01] Interest rates are going to start to go up. And if we start printing money to pay for all of the interest costs and because we can't finance it, that again is just going to put more inflationary pressure.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-05-13 2027-05-13 pending

Jonathan Wellum Gold Gold will continue to see upward price pressure due to monetary instability

See quote

[7:02] And then also keep some of the commodities in the precious metals cycle because I think that again we're going to continue to see upward pressure on a number of key commodities and also on gold just because of the monetary instability.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-05-13 2027-05-13 pending

Jonathan Wellum Copper Copper could rise to $8–$10 per pound over the next couple of years driven by electrification demand and supply shortages

See quote

[9:22] Copper, you can't electrify and do all that we want without a lot more copper, but we have a shortage of copper. That's why it's over six bucks. It could easily go 8, 9, 10 dollars over the next couple of years.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-05-13 2028-05-13 pending

Jonathan Wellum AI Stocks AI/semiconductor stocks will experience a major pullback within the next six months to a year and a half

See quote

[15:16] It's almost inconceivable that there won't be a major pullback. Maybe that's not six Maybe that's six months from now. Maybe it's a year. Maybe it's a year and a half, but it will occur. Please be careful.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-05-13 2027-11-13 pending

Jonathan Wellum Commodities Commodity prices will continue rising as part of an ongoing supercycle driven by AI buildout, electrification, and currency debasement

See quote

[17:23] I do think that we are we've already seen a large uptick in commodity prices. So, we're I think we're well into a move that will continue. I say that for a couple of reasons. Number one, what we've been talking about, the amount of capital that's going into the AI spend and digitization, electrification, robotics.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-05-13 2028-05-13 pending

Jonathan Wellum Berkshire Hathaway Berkshire Hathaway will outperform money market funds and bond funds over the next couple of years with very low risk

See quote

[25:44] If you're buying Berkshire Hathaway now, um I think it's much better than a money market fund. It's much better than a bond fund. Uh I would treat it like that. Buy it with uh a bond fund with at least you got so much cash, so much optionality and you got great businesses underneath it. And um and you buy it and uh and and just sit on it for the next couple of years and you'll do very, very very low amounts of risk.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-05-13 2028-05-13 pending

Jonathan Wellum Copper Copper will outperform due to supply shortfall over the next 5 years.

See quote

[24:07] And and interestingly enough um if you think of copper or even silver, those are almost in in my view over the next 5 years more predictable in the sense that they are you know they're not being produced at the level that we we need them. There's already a shortfall.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-04-22 2031-04-22 pending

Jonathan Wellum Silver Silver will outperform due to supply shortfall over the next 5 years.

See quote

[24:07] And and interestingly enough um if you think of copper or even silver, those are almost in in my view over the next 5 years more predictable in the sense that they are you know they're not being produced at the level that we we need them. There's already a shortfall.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-04-22 2031-04-22 pending

Jonathan Wellum Uranium Uranium will outperform due to supply-demand imbalance over the next 5 years.

See quote

[25:05] Same thing with uranium.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Wealthion 2026-04-22 2031-04-22 pending

Jonathan Wellum S&P 500 Markets could experience a retrenchment based on fundamentals

See quote

[9:25] it does appear to us, yeah, that we could be in for a bit of a retrenchment in the markets just based upon fundamentals

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Thoughtful Money 2026-03-22 2026-09-22

Jonathan Wellum Recession A global recession becomes quite probable

See quote

[10:44] I think you know to see a global recession uh can all of a sudden becomes quite probable

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Thoughtful Money 2026-03-22 2026-12-31 pending

Jonathan Wellum Inflation Rate Increasing energy costs will cause increasing inflation

See quote

[9:31] you've got uh increasing energy costs that's going to cause uh increasing inflation

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Thoughtful Money 2026-03-22 2026-12-31 pending

Jonathan Wellum Interest Rates Interest rates will go up quite a bit

See quote

[9:42] I've got interest rates actually going up quite a bit

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

Thoughtful Money 2026-03-22 2026-12-31 pending