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Stock Markets Hit Record Highs But Is a Correction Coming?
Manage episode 398755140 series 3479196
Kandungan disediakan oleh Greg Canavan, Fat Tail Investment Research, Greg Canavan, and Fat Tail Investment Research. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Greg Canavan, Fat Tail Investment Research, Greg Canavan, and Fat Tail Investment Research atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
In his last appearance on What's Not Priced In, Greg Canavan discussed the Santa rally. Festivities have since dragged into the new year. At the start of December, Greg said this:
‘Everything is about probability. And I think the probability of the Fed or the Reserve Bank pulling off a soft landing when you’ve hiked rates so sharply is quite low. Betting on this rally to continue is a low-probability event.’
But the rally continued. Earlier this week, both the S&P 500 and our ASX 200 hit new all-time highs. What gives? And does Greg still think the rally continuing is a low-probability event? Yes. And this episode is all about why. Other topics discussed:
- Why US and ASX stocks are rallying
- Does the rally make sense?
- Investor sentiment is greedy and bullish
- Quality ASX stocks are trading at expensive forward multiples
- Why Domino’s Pizza is a warning for investors
- Struggling Aussie consumers belie ASX 200’s rally
- Boring stocks versus hype stocks
- Reading recommendations: Munger, Marks, Lynch
35 episod
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