Veteran wealth manager Ted Oakley (Oxbow Advisors) delivers a no-holds-barred outlook: the 16-year stock market bull run is in its final stage, with the S&P 500 likely peaking at 7,000–7,500 before a generational bear market hits in the next 2–3 years as baby boomers begin selling. With the CAPE ratio at an unprecedented 40, Ted reveals why he just took profits on gold miners while keeping core holdings like Agnico Eagle, Franco-Nevada, and Hecla, and royalty companies, explains why energy remains the cheapest asset class on the board, why interest rates will stay 3.5–4% for the next decade, and why he will “never own Bitcoin.” He also shares his exact cash rule (35–40% in short-term Treasuries if you’re over 65), his favorite hard commodities for 2026–2030 upside, and the toughest money lesson he’s teaching the next generation.