Oct 11, 2022
Summary:
These are dangerous times in global markets, stock markets, and
commodities. Can you make money in a market like this? Chance
Finucane comes on the show to discuss this topic; based on past
long term bear markets, there’s still a way to go before you should
consider hopping back in. Inflation has already peaked, but it is
not going to decelerate in the way that the Fed hopes. There are
many factors at play in regard to the current market, so tun in for
the latest insights.
Highlights:
-What sort of strategy do you implement in this market? The focus
is much more on preservation of capital; Chance doesn’t mind
increasing liquidity
-Chance might not hop back into the market until sometime next
year. Based on analyses of past long term bear markets, there is
still a bit of a way to go
-Chance’s company typically invests on behalf of former business
owners, and they try to manage the downside so that
bonds/portfolios don’t go down too much
-Inflation peaked in June when it got to around 9%
-Inflation is going to decelerate, and will probably stay in the
mid-single digit area for longer than you would expect
-There are lots of external factors, especially with oil
-Chance’s company likes the pipeline businesses
-Usually this recessionary environment isn’t good for commodity
prices
-We’ve started to see some home price decreases
-People aren’t willing to leave their current home if they own
one
Useful Links
Financial Survival Network
Oxbow Advisors