Quote:
Originally Posted by Leondros
Anyone go to the CFA dinner last night? Man was Danielle Booth bearish. Made me want to pull all my money out of the markets this morning. She's likely correct, but its going to be a matter of when.
Sparks notes is that the US financial markets are not looking rosey at all. A lot of the key metrics they are using are fundamentally flawed and/or are lagging indicators at best. She showed some startling charts on conventional banks backing unregulated banks and it all seems like a pretty huge house of cards (think 2008).
Anyways, I calculated my S&P500 exposure across the portfolio this morning and am laying on SPY puts as a hedge to at least lock in some of these returns over the past 2 years.
While not the full talk or data she hits some of her speaking points on this youtube video. https://www.youtube.com/watch?v=MHiSuZzyLK4 |
A few things:
It's all the MAG 7's fault.
MAGS etf - it's at around 41 for P/E.
XMAG etf - around 25.
grok.
XMAG is actually outperforming MAGS YTD haha.
But of course the thing is if there's a downturn in the mag 7, it's going to affect all stocks.
If you're in registered accounts maybe take a look at buffer ETFs like the ones offered by BMO if you think the sky is falling.
But there's been plenty of times where the stock market looks overvalued... and it does fine.
You should be more concerned if Ms. Apocalypse thinks everything is rosy.