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A Comment -- General Comments From an Expert (A Commentary)
COMMENT
COMMENT
Believes markets will have soft landing after turbulent months.
Low unemployment levels, high savings levels, strong currency & relatively low interest rates will carry economy.
Supply chain issues will normalize soon.
Bullish on the markets and many quality companies available for good prices.
Bulk of portfolio is diversified to protect against turbulence.
COMMENT
OPEC exhaustion, increased consumer demand, falling inventories and under-investment from energy companies leading to robust energy fundamentals.
Seeing high energy prices, lean cost structures and commitment from companies to return capital back to shareholders.
Expecting company share prices to appreciate back to historical levels.
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Premium contentCOMMENT
- Idex Corporation (IEX-N)
- JP Morgan Chase & Co (JPM-N)
- Home Depot (HD-N)
- Amazon.com (AMZN-Q)
- Coca-Cola Company (KO-N)
- Meta Platforms Inc (FB-Q)
- Apple (AAPL-Q)
- Microsoft Corporation (MSFT-Q)
- Invesco QQQ Trust, Series 1 (QQQ-Q)
- Tesla Motors Inc (TSLA-Q)
- Advanced Micro Devices (AMD-Q)
- Palantir Technologies (PLTR-N)
- Nvidia Corp (NVDA-Q)
- Gamestop Corporation (GME-N)
- Zim Integrated Shipping Services (ZIM-N)
COMMENT
Jamie Dimon's warning of an "economic hurricane". A very vocal CEO, who has his hands on the pulse of the US economy. He also said some positive things, such as loan growth is good and the US economy and consumer are doing well. We all know about the bad stuff. Let's talk about the good. US economy may not grow as much as expected, but it's doing fine. At the beginning of 2022, the only thing we were worried about were supply chain issues. He's hopeful that a lot of bad news is now in the market.
COMMENT
Positive thoughts on the markets. Maybe some of supply issues will be fixed. Maybe the Fed has already done a lot of damage with its actions and communications. Today's warning by MSFT was based on foreign exchange, not on fundamentals of the business. We're jumping the gun on fretting and worries. For long-term investors now's your opportunity, though stocks could go lower. You want to buy when stocks are low, not when everyone wants to own them.
COMMENT
When the economy's thriving, you get inflation. There's no playbook for the type of inflation we have. That's why central banks are freaking out. They're entire being is to knock out inflation and keep unemployment low. It's a "man with the hammer" syndrome, just keep on doing what they're doing. US has 11 million job openings. If we get some inflation prints in the next couple of months that are dramatically lower, that will turn around the market in the second half of the year, and we'll be off to the races. If not, we'll continue to have this choppiness.
COMMENT
REITs. In a weird spot. Either you're worried about a recession, or you're worried about rising interest rates. Probably don't do well in a rising interest rate environment. Should hold their own if we fall into a recessionary environment. He prefers names like GRT.UN, as industrial REITs are a great place to be.
COMMENT
S&P 500 hit lows in May. Sentiment was pushed to extremes. Historically, no matter what the fundamentals are, those extremes can prompt a market rebound. And that's what we saw. Now a lot of people are saying this is a bear market bounce. He's watching to see if that's true, or if the low is in for the year. If investors think it's just a bounce, people will sell into that and, and it means that the market climbs the wall of worry and heads higher.
COMMENT
Bear market bounce vs. sucker rally? There's no difference. What you see is short covering. All the shorts take a position and then they start to cover that, which starts the move upward, the optimism starts to grow that the bottom's in, people come in, only for it to reverse, test the lows, and then go lower. That's what people are trying to figure out.
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