The shift from growth concerns to inflation worries is really insightful. Housing affordability remainig at 40-year lows despite Fed cuts shows how structural these issues truely are. Your point about sector rotation toward energy and healthcare while tech underperforms perfectly captures the stagflation mindset taking hold. The comparision to the 70s-80s positive correlation between stocks and bonds is particulary telling for portfolio construction.
Looking forward to listening to the podcast episode on AI.
The shift from growth concerns to inflation worries is really insightful. Housing affordability remainig at 40-year lows despite Fed cuts shows how structural these issues truely are. Your point about sector rotation toward energy and healthcare while tech underperforms perfectly captures the stagflation mindset taking hold. The comparision to the 70s-80s positive correlation between stocks and bonds is particulary telling for portfolio construction.
I enjoyed this, thanks for sharing! BTW, decided to check sp1500 sector indices as of today. Quite the fall for Energy MTD...
Anyways, I'm primarily commenting to ask whether you, like Bill Ackman, subscribe to the "nominative determinism" concept. https://x.com/BillAckman/status/1987569162529493407
Because your name would certainly be up there with Bill, Gwynne Shotwell, and Goldman Sachs as shining examples :)
Looking forward to the next substack!