Whitney Tilson On Why The Stock Market Could Be Up 15-20% In 2023 @TheJuliaLaRocheShow

The Julia La Roche Show | Whitney Tilson On Why The Stock Market Could Be Up 15-20% In 2023 @TheJuliaLaRocheShow | Uploaded January 2023 | Updated October 2024, 1 day ago.
Former hedge fund manager Whitney Tilson, now the founder and CEO of Empire Financial Research, tells Julia La Roche episode 47 that he’s “reasonably bullish” on the markets today.

“It’s been carnage out there,” Tilson says of the dismal 2022 performance for the average investor, adding, “The more blood on the streets there is, the more bullish I get.”

While Tilson is sure there will be a melt-up, his best guess for 2023 is the market will be up 15 to 20%.

Tilson, 56, spent nearly two decades managing money before closing his hedge fund in late 2017. He now publishes an investment newsletter.

0:00 Reasonably bullish on the markets
4:57 Best guest is the market is up 15-20%
5:20 Value investing back in favor?
7:22 Berkshire Hathaway, Meta (Facebook), Netflix, Amazon, PayPal
8:23 Why the average person shouldn’t be picking stocks
15:00 Achieving long-term wealth

#stocks #investing #stockmarket

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$The Whole System is One Big Carry Trade | Brent Johnson Brent Johnson, founder and CEO of Santiago Capital, returns for episode 196. ✨ This episode is sponsored by Public.com. Lock in your 6.9% yield: https://public.com/julia ✨ Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US Listed and registered securities, options and Bonds in a self-directed brokerage account are offered by Public Investing. ETFs, options and Bonds are available to US members only. *A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 fractional investment-grade and high-yield bonds. The 6.9% yield is the average annualized yield to maturity (YTM) across all ten bonds in the Bond Account, before fees, as of 8/23/2024. A bond’s yield is a function of its market price, which can fluctuate, and a bond’s YTM is “locked in” when the bond is purchased. Your yield at time of purchase may be different from the yield shown here. The “locked in” YTM is not guaranteed; you may receive less than the YTM of the bonds in the Bond Account if you sell any of the bonds before maturity, or if the issuer calls or defaults on the bond. While corporate bond yields should fall in reaction to a Federal Reserve rate cut, we cannot know whether that will be true of the bonds in the Bond Account, how quickly bond yields will respond, or how much they will decline. Public Investing charges a markup on each bond trade. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. Fractional Bonds also carry risks including liquidity risk, interest rate risk, credit risk, inflation risk, and potential tax liabilities. Read more about the risks associated with fixed income and fractional bonds and learn more about the Bond Account at https://public.com/disclosures/bond-account. In this episode, Brent Johnson discusses the current macro landscape, focusing on Fed policy, global markets, and his Dollar Milkshake Theory. He explores golds role as a signal of economic stress, the dynamics of carry trades, and potential market volatility ahead. Links: Twitter/X: https://x.com/SantiagoAuFund YouTube: https://www.youtube.com/@MilkshakesPod Macro Alchemist: https://macroalchemist.com/ 0:00 Welcome Brent Johnson 1:05 Current macro picture and Fed policy 4:40 Challenges of engineering a soft landing 8:54 What is gold signaling? 14:22 Global demand for gold 17:29 Dollar Milkshake Theory explained 24:11 Geopolitical implications of the dollar system 30:22 Market outlook 37:42 Are markets in a bubble? 41:51 Gold price outlook 45:35 2024 election impact on markets 49:24 Yen carry trade and broader carry trade risks 56:17 The global system as one big carry trade 59:03 Closing thoughts and where to find Brents work$