

The Grant Williams Podcast Ep. 102 - Warren Pies
49 snips May 17, 2025
Warren Pies, a research analyst at 3Fourteen Research, dives deep into the complexities of today’s market, defined by policy shocks and volatility. He emphasizes the importance of data-driven analysis, particularly around the impact of political decisions like Trump-era tariffs. Warren discusses the fragile relationship between bonds and equities and the evolving role of the U.S. dollar in a turbulent landscape. He offers insights on navigating investment opportunities while addressing risks, portraying the U.S. as the ‘cleanest dirty shirt’ amid global uncertainty.
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Data Over Psychoanalysis
- Warren Pies emphasizes letting market data guide decisions amid unpredictable policy shocks.
- He advises relying on technicals and price action instead of trying to predict Trump's moves.
Divergent Investor Sentiment
- Institutional investors have become very pessimistic and de-risked significantly amid market volatility.
- Meanwhile, retail investors remain relatively optimistic, still buying dips rather than panic-selling.
Retail FOMO at Football Game
- Warren shares a story of parents at a football game expressing regret over not buying more stocks.
- This highlights retail investors' fear of missing out despite market uncertainty.