The Fed Put Still Lives | Vincent Daniel
Vincent Daniel of Seawolf Capital returns to Forward Guidance to share his latest thinking on bank stocks, market structure, and long/short investing. Immortalized in “The Big Short,” Vincent’s interview with Jack and his partner Porter Collins in January 2022 can be found here: https://www.youtube.com/watch?v=_b_HCd0ir3k&t=10s ____ Today's show is sponsored by Public.com: Get a 5.4% yield when you open a government-backed Treasury Account by going to https://public.com/forwardguidance ____ Follow Vincent Daniel on Twitter https://twitter.com/VD718 Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ ____ Timestamps: (00:00) The Current Setup (06:49) Did SVB Response Fuel Recent Stock Market Rally? (09:22) The Perils Of Shorting Stocks (13:07) Debt Ceiling Resolution (21:17) Public.com (22:21) Passive & Vol Targeting Funds (26:24) Outlook on Stocks (29:47) Importance of Stop-Losses (31:12) How Much Research Before Taking A Position? (32:33) Concentration Risk/Reward: How Many Positions? (34:10) Why Vincent (and Porter) Shorted Banks Before Silicon Valley Bank Collapse (39:31) Banks' Moats Are Less Valuable Now, Says Vincent (42:58) Bank Run Risk Is Higher Now Than During Great Financial Crisis (44:52) Core Tier 1 Is Nonsense (54:01) Private Equity (01:02:30) Can High Debt Levels Hanlde High Interest Rates? (01:06:09) Slaying The Inflation Dragon (01:07:57) Vincent's Views On Bank Stocks Going Forward (01:12:46) Energy Stocks (01:17:00) "The Fed Put Never Died” (01:19:19) Views On Recession Risk: "It's Hard For Me To See A Reflationary Boom" (01:21:52) Uranium ____ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.