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The Outlier Trading Podcast
How a Market Wizard KEEPS His Returns with Tom Basso | The Outlier Podcast Ep57
Dec 30, 2023
Tom Basso, a Market Wizard, discusses his predictions for the stock market and the economy in 2023. The podcast touches on profitable moves in soft commodities and the stock market, the resilience and challenges of the tech sector, concerns about the stock market and the economy, the potential of fusion energy, advancements in the automotive industry and hedging strategies, the impact of election years on the market, and ways to connect with the guest on social media.
01:05:58
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Quick takeaways
- Tom Basso observed surprising stock market highs at the end of 2023 and emphasized the importance of being prepared for fast market movements and potential volatility.
- Basso highlighted the profitability and volatile moves in certain futures markets like orange juice and coffee, attributing the primary drivers of his own performance to trends in the stock market and the futures market.
Deep dives
Tom Basso's Observations on the Stock Market and Commodity Trends
Tom Basso discusses his observations on the stock market and commodity trends in 2023. He mentions that he did not predict the stock market reaching new highs at the end of the year, and that it surprised him. He also noticed unusual trends in some indicators, suggesting the market was running on fumes. Basso highlights the profitability of certain futures markets, such as orange juice and coffee, and their volatile moves. He attributes the primary drivers of his own performance to trends in the stock market and the futures market. Basso also reflects on the movement in early 2023, where the market failed to sustain a bull move. He explains his hedging and all-weather strategies, emphasizing the importance of being prepared for fast market movements and potential volatility. Lastly, Basso discusses energy options, such as nuclear, fusion, and hydrogen, and their potential impact on the market and future energy sources.
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