Leaders at the Bell with Luke Lloyd, Lloyd Financial Group, March 25, 2026

Luke Lloyd, CEO of Lloyd Financial Group, joins Leaders at the Bell from the NYSE floor to share his bullish outlook amid market volatility. Lloyd anchors his investment philosophy around three core indicators tracked in his firm's daily newsletter: inflation, growth, and liquidity. Despite oil prices approaching $100 per barrel and geopolitical tensions, he sees no immediate inflation threat or growth slowdown. More importantly, liquidity remains near all-time highs driven by AI spending, government expenditures, and conflict-related monetary expansion. Lloyd points to record corporate profit margins and the widest gap since 1949 between corporate earnings and household take-home income as a share of GDP. While this concentration of wealth at the top presents social concerns, it translates to continued corporate earnings growth and upward pressure on equities. He views recent volatility as a buying opportunity, particularly in software stocks down 40-50% and private credit plays like Blue Owl, where redemption halts signal protective measures rather than structural distress.

On commodities and digital assets, Lloyd advocates for gold as a win-win diversifier that benefits from both continued liquidity expansion and potential economic turbulence. He maintains a long-term bullish stance on Bitcoin, projecting it could reach one million dollars per coin within two decades, though he sees gold reclaiming its traditional safe-haven role after Bitcoin's recent deleveraging. Lloyd emphasizes copper and natural gas as key AI infrastructure plays, noting that each data center requires 30 tons of copper while natural gas powers 50% of the US economy. He remains cautious on oil, expecting prices to retreat once Middle East tensions ease, but sees natural gas demand accelerating as data center construction continues.