Kenny Polcari sits down with two managers who build portfolios from opposite ends. David Bahnsen, Founder and Chief Investment Officer of The Bahnsen Group, argues that most of the index is priced reasonably and a handful of names at the top are holding up the headline multiple. Drew Pettit, Chief Investment Strategist at Roundhill Investments, wants price momentum only when earnings momentum sits underneath it. Then Bahnsen makes the case that corporate borrowing for AI, not the federal deficit, is what is moving the long end of the curve.
Timestamps:
00:00 Dividend growth against pure speculation
02:19 Why a high yield is not the same as a growing one
03:06 How thematic funds sit around a core
06:22 What the memory shortage is telling the market
07:45 Why good earnings have not been moving the stocks
09:02 What you actually own when you own the index
11:18 Cap weight or equal weight, if you had to choose
12:12 Expensive for a reason, cheap for a reason
13:56 The one number management cannot fake
15:29 What happened to a streaming darling, and why
16:53 Accidental high yielders, and how to avoid them
18:15 What the Fed will do, and what it should do
19:45 The real competition at the long end of the curve
21:02 What the market is actually pricing past a year
22:02 Did anyone ever have control of inflation
23:12 The forecast one guest refuses to give
24:01 Where yields go from here
Featuring:
Kenny Polcari, Host, Trader Talk, Yahoo Finance
David Bahnsen, Founder, Managing Partner and Chief Investment Officer, The Bahnsen Group, and author of Profit from the Profit
Drew Pettit, Chief Investment Strategist, Roundhill Investments
Kenny Polcari gives it to you straight. New episodes Wednesdays at 5pm ET.
#TraderTalk #YahooFinance #IndexFunds #Investing #Rates #StockMarket
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