Zachary Curry
Director & Portfolio Manager at at Greenrock Capital Partners Inc.
Member since: May '13 · 918 Opinions
Rating Card
| All | 
Rating
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Big Win
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Win
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Neutral
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Loss
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Big Loss
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|---|---|---|---|---|---|---|---|
| 3.93 | 105 27.85% | 91 24.14% | 59 15.65% | 74 19.63% | 48 12.73% | ||
| 1 Month | 3.69 | 0 0.00% | 29 33.33% | 37 42.53% | 21 24.14% | 0 0.00% | |
| 6 Months | 4.1 | 19 21.84% | 32 36.78% | 10 11.49% | 15 17.24% | 11 12.64% | |
| 12 Months | 4.13 | 31 38.27% | 17 20.99% | 5 6.17% | 16 19.75% | 12 14.81% | |
| 2 Years | 4.04 | 28 41.18% | 12 17.65% | 3 4.41% | 10 14.71% | 15 22.06% | |
| 5 Years | 3.69 | 27 50.00% | 1 1.85% | 4 7.41% | 12 22.22% | 10 18.52% |
Stock Opinions by Zachary Curry
Market seems primed for a larger cut, but he's in the camp of 25 bps. Risk to the upside is a lot higher. If inflation is higher, it's a lot harder to raise rates than it is to lower them. So his view is that they're going to lower rates more moderately and take their time. If they cut by 50 bps and they're wrong, it's going to be a lot harder to go back up. As well as being more detrimental to businesses and consumers. They're going to wait for the data, as they've mentioned.
For him, the more important thing about today's announcement is the communication. Whatever decision is made, it's based on the past. The market will be focused on what the Fed chair communicates.
Exactly. Communication, so far, has been that it's going to pay attention to the data and make decisions based on that. Yesterday's retail sales print was broadcast by the media as the most important retail sales print "ever". Probably not the case, it's just one data point in a series. Based on communication, the Fed will look at that and at other data going forward. There's also an election coming up.
A 50 bps cut would get them more involved politically, even though they're not supposed to be. Whereas a 25 bps cut could be seen as just reacting, starting the process, and they'll move forward after the election when more is known.
Low-cost ETFs are a great mechanism to include in a portfolio, especially for smaller accounts. Also good if you want exposure right away to a particular index; over time, you can build out a portfolio that's more custom-tailored. His view is that a professional manager can get you better returns, but there is a place for these ETFs for certain investors.
Downfall is that you're tied to what the index is. If you're comfortable with those weights, that's great. If not, then you'd want to create a portfolio by yourself or with an investment manager.
The S&P 500 is not the only index his clients have in portfolios. Other names, regions, and geographies can be used to build a quality portfolio. Want to make sure you're not overweight in any one sector.
Lots of moving parts. Healthcare side has lots of growth potential. Aerospace also has proven its worth. He'd leave it as it. Typically, spinoffs don't have the easiest time out of the gate, jury's out on Vernova. Hold the original, as it gives you a small slice of diversification right there.
