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You may be on the right track. We might need a variation of your suggestions because the first one is used to mean certain sound applications and the second one is too close to an eye condition.
Well …the current issue (12/23/24) doesn’t have much to offer.
Cover Story”Shopping Addiction” Really?
Slim pickings inside this week.
- The O’Brien piece on preparing your portfolio for 2025 is downright insulting:
“Rather than plotting big moves based on tea leaves, make sure your mix of stocks and bonds is still aligned with your goals. Stocks’ big run-up means you could have a higher equity allocation than you bargained for, especially if you didn’t make any tweaks after the S&P 500’s 24% gain in 2023.”
Gosh - You’d think that would be covered somewhere in a college freshman econ class, if not a high school investment club.
- One worthwhile story touts (undervalued / under appreciated) value stocks which are poised to outperform next year. Where have I heard that before?
- NVIDA’s on hard times (their phrase - ”dead in the water”) being down 15% from its high. My heart goes out to those who bought two years ago.
- And Forsyth expects one of 3 possible interest rate scenarios for 2025: Good, Bad or Ugly. Take that to the bank folks.
ORK. Ya. Not much , as you say, for the discriminating reader. I believe I've settled on a new home for some money now sitting in the Weitz core-plus bond fund WCPNX. Since we are being told by the FED not to expect so many rate cuts, and those cuts will be spread-out, it feels like not a great leap in terms of risk/reward to relocate those dollars into uncle Chucky's Junk ETF SCYB. The ER is rock-bottom, akin to the Vanguard funds generally; and yield compares favorably with my current OEF junk holdings TUHYX and PRCPX. Turnover is 24%. I do prefer not a lot of churn. We will enjoy the higher monthlies, which come at the head of the month, not the end.
Haven’t had time to read much of this week’s edition. But there’s an article referencing a “Fire Sale” in European equities with an admonition to hurry in before it’s too late. Another article focuses on opportunities in income - including dividend paying stocks. Neither, ISTM, mentions Nestlie NSRGY which Barrons touted about 6-8 months back at $110+ but doesn’t seem interested in now at $82.
Just skimmed Forsyth, but his theme is that the U.S. is about to lose its AAA bond rating. Might be of interest to the folks buying govt. backed paper.
I thoroughly enjoy the round-table discussions every January. This week’s is the first of three. Mainly covers each panel member’s market outlook for 2025. The usual gang. I won’t bother pulling up the names. David Giroux leads off. Bearish on the market citing high PEs. Expects the S&P to finish the year substantially lower at around 5300. Nearly all members note the extreme concentrations that exist at the top of the S&P and NASDQ. This alarms most, but some find it justified based on fundamentals.
A few are neutral to upbeat. Abby Joseph Cohen recommends some foreign stocks, including one in Japan and one in China. She thinks that China’s markets may have bottomed. I try to read between the lines / under the surface to garner what insights into investing there might be. Henry Ellenbogen’s thoughts on small caps are always perceptive, even if I don’t invest in the sector. The ”elephant in the room” that pervades the discussion seems to be interest rates, although predictions are hard to find - a discussion that calls to mind the whimsical “one-armed economist.”
A chuckle from one of the readers who commented on the article:
”Did Barron’s send a bus to the rest home to pick up this rogue’s gallery of elderly prognosticators? Ms Cohen hasn’t picked a winner since she shorted the Dutch tulip bulb market and has been coasting since then. Mr Priest appears to have been disinterred for his photo. Let’s have some new panelists and fresh perspectives instead of this stale bunch.”
Giruox became bearish on the market due to the historical high valuation. Unlike his previous interviews, he seemed uncomfortable this time. Now he is forecasting a down year and that is rare coming from him. Everyone ignore Mike Wilson of Moran Stanley who is a perennial bear and being off for majority of the time. Maybe Wilson will be spot on this year.
Wonder what moves he is taking to migrate the risk in 2025? In light of rising yield of long Treasury, the asset correlation of bonds and stocks are merging as shown in recent weeks.
Comments
Too general and does not distinguish 2-3 mil, 10 mil, and 100 mil.
Article
Cover Story ”Shopping Addiction” Really?
Slim pickings inside this week.
- The O’Brien piece on preparing your portfolio for 2025 is downright insulting:
“Rather than plotting big moves based on tea leaves, make sure your mix of stocks and bonds is still aligned with your goals. Stocks’ big run-up means you could have a higher equity allocation than you bargained for, especially if you didn’t make any tweaks after the S&P 500’s 24% gain in 2023.”
Gosh - You’d think that would be covered somewhere in a college freshman econ class, if not a high school investment club.
- One worthwhile story touts (undervalued / under appreciated) value stocks which are poised to outperform next year. Where have I heard that before?
- NVIDA’s on hard times (their phrase - ”dead in the water”) being down 15% from its high. My heart goes out to those who bought two years ago.
- And Forsyth expects one of 3 possible interest rate scenarios for 2025: Good, Bad or Ugly. Take that to the bank folks.
If in the market for such an animal.
https://realinvestmentadvice.com/resources/blog/the-rules-of-bob-farrell-an-updated-illustrated-guide/
Just skimmed Forsyth, but his theme is that the U.S. is about to lose its AAA bond rating. Might be of interest to the folks buying govt. backed paper.
A few are neutral to upbeat. Abby Joseph Cohen recommends some foreign stocks, including one in Japan and one in China. She thinks that China’s markets may have bottomed. I try to read between the lines / under the surface to garner what insights into investing there might be. Henry Ellenbogen’s thoughts on small caps are always perceptive, even if I don’t invest in the sector. The ”elephant in the room” that pervades the discussion seems to be interest rates, although predictions are hard to find - a discussion that calls to mind the whimsical “one-armed economist.”
A chuckle from one of the readers who commented on the article:
”Did Barron’s send a bus to the rest home to pick up this rogue’s gallery of elderly prognosticators? Ms Cohen hasn’t picked a winner since she shorted the Dutch tulip bulb market and has been coasting since then. Mr Priest appears to have been disinterred for his photo. Let’s have some new panelists and fresh perspectives instead of this stale bunch.”
https://mutualfundobserver.com/discuss/discussion/comment/184746/#Comment_184746
Giruox became bearish on the market due to the historical high valuation. Unlike his previous interviews, he seemed uncomfortable this time. Now he is forecasting a down year and that is rare coming from him. Everyone ignore Mike Wilson of Moran Stanley who is a perennial bear and being off for majority of the time. Maybe Wilson will be spot on this year.
Wonder what moves he is taking to migrate the risk in 2025? In light of rising yield of long Treasury, the asset correlation of bonds and stocks are merging as shown in recent weeks.