The Compound and Friends The Texas Hedge
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Apr 1, 2022 In this engaging discussion, Adam Parker, the CEO of Trivariate Research and former leader at Morgan Stanley, shares his insights on small-cap stocks versus large caps and the current economic landscape, highlighting key factors like inflation and supply chain challenges. The conversation also touches on the legacy of Ned Johnson at Fidelity, the rise of private equity, and strategic stock selection amidst market uncertainties. Additionally, there's a light-hearted banter on personal reading recommendations and reflections on personal development in finance.
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Casting Choices
- Warner Brothers wanted Tom Cruise or Eddie Murphy in Goodfellas.
- The studio also wanted Scorsese to remake Cape Fear after Goodfellas.
Smart Money and Market Rally
- Smart money bought the dip, flipping from a $125B net short to $25B net long S&P 500 futures position.
- The S&P 500 had a 10% 10-day run, second only to the COVID bounce.
Market Outlook and Earnings Growth
- Corporate earnings are projected to grow in 2022, despite changing interest rate perceptions and various global risks.
- The market's multiple should be lower due to higher risk to earnings, but the base case remains positive.
