I have four key hypothesis into how I am positioned for year end: (i) 2023 will bring a recession; (ii) earnings will contract; (iii) multiples will compress; and (iv) it’s premature to think about fighting the Fed. Let’s explore…
"Asset Allocation"
More Tricks than Treats?
The market is up around 11% from its recent lows. Its rallying on the hope of a dovish Fed. My advice is tread carefully… you might get ‘tricked’ rather than ‘treated’ this Halloween. The upside does not handily outweigh the downside risks. Bear markets are known to do just that…
Does the Bullish Case Hold Water?
Markets tried hard to rally this week – but was met with strong selling. I lay out both the bullish and bearish case… where I favor lower prices with a S&P 500 target of 3200
Jamie Dimon: “This is Serious”
The CEO of the US’ largest bank by assets – Jamie Dimon – has sent another warning. ‘This is serious’ he said… warning of perhaps up to 20% further downside and a recession in 2023…
For a full list of posts from 2017…