On this episode of the Cocktail Investing Podcast, we dig into the what’s driving one of the stock market’s best runs in over 20 years, one that has the S&P 500 up nearly 12% year to date. A more dovish Fed and seeming progress on US-Trade are the likely culprits, but underneath it all, the global economy continues to slow, companies are cutting #earnings expectations and we’ve seen more #dividend cuts thus far in 2019 than we have in all of 2018.
Something is amiss in the stock market as expectations for growth in the economy and earnings wane, making the overall market that much expensive. With the velocity of earnings reports about to slow significantly, odds are investors will soon be sitting back and plotting what comes next as we wait for more concrete details on any US-China trade deal.
Tucked inside his latest annual shareholder letter, Warren Buffett offers some insight, which meshes very well with not only our thematic investing approach but his concerns over prices matches our current thinking. We break that down on the podcast and share where to look for opportunities as we discuss several thematic signals. Given the timing of the podcast, we also share some thoughts on the latest SEC related issue with Elon Musk and his Twitter account.
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Resources for this podcast:
- Chris Versace –@_ChrisVersace
- Lenore Hawkins –@EllesEconomy
- Tematica Research – https://www.tematicaresearch.com
- Thematic Signals: https://www.tematicaresearch.com/thematic-signals/