Jason Shapiro: It’s Too Early To Get Long Bonds

Jason Shapiro, veteran trader and founder of Crowded Market Report, returns to Forward Guidance to discuss his philosophy for trading markets. Shapiro explains that while the only position he currently has on is being long the Swiss Franc, he still thinks stocks will likely outperform bonds based on positioning and sentiment. Filmed on November 16, 2023.

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Timestamps:

(00:00) Introduction

(10:51) Stock/Bond Correlation

(14:39) Hindsight Is 20/20, Show Me The P&L

(16:30) Gold & Oil

(21:55) Narratives Are Cheap

(26:36) Investing Vs. Trading

(32:37) Banks & Commercial Real Estate (CRE)

(40:46) Correlations & Commodity Trading Advisors (CTAs)

(49:12) Jason's Long Position in The Swiss Franc

(55:26) The Role Of Stop Losses

(01:03:42) When To Get Out

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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.