2022 will be remembered as an important turning point. Not because the S&P 500 surrendered 15% to 20%… it will be remembered for the tectonic shift in monetary policy. For the first time in over a decade – interest rates are finally trading at closer to “normal levels”. What’s more, we are not going back to 0% to 2.0% rates for a long time. And that has many implications for how to choose to invest…
Sorting the ‘Wheat from the Chaff’ in 2023
There are two key criteria that every investor should execute in 2023. What worked for the past decade will not be the same for the next decade. Interest rates are going to be higher for longer. This post explores what that means…
My Hypothesis into Year End
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…
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…