Jared Dillian, founder of The Daily Dirtnap and author of “No Worries: How To Live A Stress-Free Financial Life,” returns to Forward Guidance to argue that too many are too excited about the stock market and private equity and that, accordingly, he is short both. Dillian expects the much-anticipated recession that never appeared in 2023 to finally arrive, and he remains bullish the front end of the yield curve. Filmed on December 20, 2023.
Dillian’s latest book: https://www.jareddillianmoney.com/books/no-worries
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Timestamps:
(00:00) Introduction
(00:31) Jared's Bearish View On Stocks
(03:23) Jared's Short On Blackstone
(06:55) Higher For Longer Was Just A Narrative All Along
(09:07) I Think We'll Get A Recession
(12:06) View On Long-Term Government Bonds
(15:29) International and Value Stocks
(18:06) Very Bearish View On Chinese Stocks
(22:05) Bull Case In Argentina
(23:09) Value Stocks Vs. Growth Stocks
(25:09) Oil
(26:51) Stock Market Sentiment
(28:20) Indexing and The Awesome Portfolio
(36:04) The Risk Of Focusing Too Much On Small Financial Decisions
(44:51) Closing Thoughts On Crypto and Gold
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
