Markets are slowly but surely starting to look better. Yes – they are 25% off their highs – but that’s a healthy development. The way we make money is buying well. And with a little patience – we hope they go lower. My S&P500 target remains around 3200…
Druckenmiller Warns of 2023 ‘Hard Landing’
There are few smarter in the investing world than Stan Druckenmiller. For 30 straight years he averaged a 30% CARG whilst not having a single losing year. It’s unparalleled. He is warning that stocks are still over-valued (despite a 24% correction) and a hard-landing is likely by the end of 2023
The Only Way is Up
Is 75 the new 25? Fed funds futures are now pricing in a nominal rate of 4.5% to 4.75% for February 2023, with the first interest rate cut coming in November 2023. Markets are now slowly coming to accept this new reality…
Markets Waking Up to Fed Reality
The market continued to work its way lower this week – waking up to the reality of the road ahead with respect to higher rates and inflation. However, some believe the Fed should pause immediately…
For a full list of posts from 2017…