AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Compound and Friends
Technicals Say Everything Rally Is Now Underway, Bill Smead Says Large Cap Tech Is a Ticket to Purgatory, Buffett Gets Cautious
May 21, 2024
Bill Smead, Founder and CIO of Smead Capital, discusses market outlook, Warren Buffett's caution, history of AI boom, tech stock dominance, market cycles, market concentration risks, and challenges of concentrated investments in this insightful podcast conversation.
01:32:53
Episode guests
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Market breakout expected in coming months as 68% of NYSE stocks above 200-day moving average.
- Analysts upbeat on S&P 500 with price targets indicating strong earnings growth and positive consumer outlook.
Deep dives
The Everything Rally and Small Caps Participation
The market is in a strong position with 68% of New York Stock Exchange stocks above their 200-day moving average. This indicates that the market is not at a major top, and the breakout may develop over the coming months. Small caps, notably the Russell 2000, are showing bullish characteristics, upholding the 200-day moving average and indicating a positive change in character.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode