Vincent Daniel of Seawolf Capital returns to Forward Guidance to share his latest thinking on bank stocks, market structure, and long/short investing.

Immortalized in “The Big Short,” Vincent’s interview with Jack and his partner Porter Collins in January 2022 can be found here: https://www.youtube.com/watch?v=_b_HCd0ir3k&t=10s

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Today's show is sponsored by Public.com: Get a 5.4% yield when you open a government-backed Treasury Account by going to https://public.com/forwardguidance

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Timestamps:

(00:00) The Current Setup

(06:49) Did SVB Response Fuel Recent Stock Market Rally?

(09:22) The Perils Of Shorting Stocks

(13:07) Debt Ceiling Resolution

(21:17) Public.com

(22:21) Passive & Vol Targeting Funds

(26:24) Outlook on Stocks

(29:47) Importance of Stop-Losses

(31:12) How Much Research Before Taking A Position?

(32:33) Concentration Risk/Reward: How Many Positions?

(34:10) Why Vincent (and Porter) Shorted Banks Before Silicon Valley Bank Collapse

(39:31) Banks' Moats Are Less Valuable Now, Says Vincent

(42:58) Bank Run Risk Is Higher Now Than During Great Financial Crisis

(44:52) Core Tier 1 Is Nonsense

(54:01) Private Equity

(01:02:30) Can High Debt Levels Hanlde High Interest Rates?

(01:06:09) Slaying The Inflation Dragon

(01:07:57) Vincent's Views On Bank Stocks Going Forward

(01:12:46) Energy Stocks

(01:17:00) "The Fed Put Never Died”

(01:19:19) Views On Recession Risk: "It's Hard For Me To See A Reflationary Boom"

(01:21:52) Uranium

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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.

08/14/2023 | World News Round Up Late Edition