This Correction Is Not A Buy Signal: Mike Singleton, Invictus Research

This podcast episode was released to premium subscribers — without ads or announcements — on April 28, 2022. To become a premium subscriber and take advantage of a host of other benefits, go here or visit our Substack. Mike Singleton of Invictus Research joins the podcast to discuss why the current sell-off is not a buying opportunity for stocks. Content Highlights Many contrarians currently believe sentiment is too bearish, meaning the market is due for a run for strong performance. Their conclusion is likely wrong (3:28); Regardless of what investors say in surveys, the key question is whether they have money on the line -- and how much (5:50); Right now retail exposure to stocks is at all-time-highs, while institutional investors have cash at low levels (7:27); What about the economic fundamentals, which are mostly in good shape? (10:09); The Fed actually has credibility when it comes to tightening interest rates -- and is not just 'jawboning' the market (12:58); This is partly because the Fed does a lot more communicating than it has in the past (16:40); Inflation has likely peaked and will start to slow, though not by enough to let the Fed ease rates (24:02); Background on the guest and 'origin story' for Invictus Research (26:54); What part of the business cycle are we in now? (33:23); What does that mean for asset classes? (35:34); ARK Innovation ETF (ARKK) "has been a terrific place to look for shorts -- quick discussion of Cathie Wood and her predicament" (38:03); Bonds will become an opportunity when the Fed 'breaks something' and there are indications that may be happening now (40:40); More Information on the Guest: Twitter: @InvictusMacro; Website: Invictus-Research.com.

Om Podcasten

The Contrarian Investor podcast gives voice to those who challenge a prevailing narrative in financial markets. Each episode features an interview with a hedge fund manager, investor, economist or other market participant. The goal is to educate all listeners with an interest in asset allocation and ultimately to provide actionable ideas to the institutional investor community.