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Thursday, November 30, 2023

Worst First Half of All Time

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including:

►A horrible first half – “The worst H1 since 1788!”

►Bad news is good news – Under normal circumstances, a waterfall-like collapse in commodity prices would not be seen as “good news” for the economy’s near-term prospects. But these are not normal circumstances.

►Checking in on Savings – “Most Americans Are Doing Well. For Now.”

►Sell Side Indicator – Sixth month of declining sentiment.

►Downgrades, finally – During the past five years (20 quarters), the average decline in the bottom-up EPS estimate during a quarter has been 2.4%.

►$ has to go somewhere – Healthcare sector is outperforming everything this year, even utilities.

►”The Market” – When discussing the market I feel like you guys typically focus on the S&P 500. Is this what you take to mean ‘the market’, and with all things being equal is this where you’d advise the average person to invest?

►Bear Market Strategy – Should we be doubling or even tripling our normal DCA amount? Should we invest aggressively until we exit Bear territory? Are there any guidelines you would suggest?

and more!

This episode is sponsored by KraneShares. To learn more about KraneShares’ suite of China-focused and climate themed ETFs, visit: kraneshares.com/?adsource=wealthcast

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