Lead-Lag Live

In this discussion, Luke Oliver, a strategist at KraneShares, demystifies the carbon credit market as a groundbreaking alternative investment. He emphasizes its low correlation with stocks and its impressive potential returns, underscoring how government mandates create steady demand. The conversation highlights intriguing strategies for integrating carbon assets, like ETFs, into portfolios, aiming for smarter diversification. Luke also explores the impact of regulations and geopolitical events on the market, making a strong case for carbon investments as the future of portfolio construction.

Phillip Toews, founder of Toews Asset Management and author of "The Behavioral Portfolio," unveils the pitfalls of the traditional 60/40 investment strategy. He examines historical market failures, revealing how this approach could have led to severe losses during economic downturns. Toews highlights the concept of 'adaptive fixed income' and critiques current monetary policies, suggesting new pathways to protect wealth. He introduces 'hedged equity' strategies, promoting portfolios that prioritize investor psychology and long-term stability, while also addressing the dangers of 'corona bias' in financial decision-making.

In this discussion, Kai Wu, Founder and CIO of Sparkline Capital, unveils the revolutionary shift towards intangible value investing. With a keen focus on how modern companies derive value from brand equity and intellectual property, he critiques traditional metrics that overlook these aspects. Wu emphasizes the need for updated valuation methods, leveraging AI and big data to assess unstructured sources like patents and social media. He also addresses the challenges investors face in valuing intangible assets and the emerging opportunities in today’s asset-light economy.

Rohit Goel, Partner at Breakout Capital and an expert in global macro trends, dives into the overlooked risks of U.S. fiscal deficits, arguing they could mislead investors into focusing solely on American markets. He highlights emerging opportunities in under-invested regions like Europe and Latin America, emphasizing the importance of country selection in these markets. Rohit also connects potential shifts in capital flows with economic reforms, revealing that successful investing in emerging markets hinges more on national policies than sector choices.

JJ Kinahan, CEO of IG North America and veteran trader, shares insights on the seismic shifts in retail trading. He discusses how retail traders now have access to professional-grade tools and rapid information flow. The conversation highlights the psychology of traders during market uncertainties, revealing patterns in their moves from ETFs to individual stocks. JJ emphasizes the importance of understanding personal risk tolerance and making calculated decisions, urging new traders to start small and be more strategic.

Seth Cogswell, a contrarian Portfolio Manager at Running Oak and the brains behind the RUNN ETF, challenges the obsession with mega-cap stocks. He highlights the untapped potential of mid-cap companies, which have historically outperformed larger counterparts. Cogswell discusses the dangers of corporate debt and the looming threat of 'zombie companies' in today’s market. He emphasizes the importance of quality investing and advocates for an equal-weight approach to harness opportunities where others overlook, providing fresh insights into navigating complex market dynamics.

In this insightful discussion, Brad Barrie, a consultant and portfolio manager at Dynamic Wealth, shares his innovative thoughts on market disruptions. He challenges the traditional view of diversification, arguing that owning more assets doesn’t equate to safety. Using the 'bus you don’t see' analogy, he highlights unnoticed risks that can hit investors hard. Brad also explains his Dynamic Alpha Macro Fund's unique strategy, which combines global macro futures with equities, ensuring genuine non-correlation to enhance stability even in volatility.

In this engaging discussion, Jonathan Shelon, COO of KraneShares, highlights the rise of covered call strategies in today’s unpredictable markets. He explains how KLIP, an ETF focused on Chinese internet stocks, manages to generate monthly yields of 3-5%. Shelon emphasizes the benefits of diversifying with Chinese equities, which have appealing valuations compared to U.S. markets. He also explores the vital differences in market cycles between the U.S. and China, offering insights for investors looking to optimize income through international assets.

In this engaging discussion, Jim Bianco, a macroeconomic expert and leader of Bianco Research, teams up with Jay Hatfield, a seasoned macro strategist managing $2.6 billion at Infrastructure Capital. They delve into the paradox of rising Treasury yields amidst Fed rate cuts and the implications for investors. Hatfield introduces his "Hopfield Rule," linking housing starts to potential recessions, while Bianco highlights the powerful influence of retail investors in stabilizing markets. The duo also examines the effects of fluctuating oil prices and the evolving landscape of inflation.

Paul Shelton, a growth solutions expert at Columbia Threadneedle Investments, shares insightful perspectives on the evolving tech landscape. He discusses the importance of understanding technology as a transformative force across industries. The conversation highlights Columbia Threadneedle's strategic focus on sustainable competitive advantages and long-term investment patience, evidenced by their successes with tech giants like Microsoft and Amazon. Shelton also addresses the volatility of AI investments and the continued growth of the tech sector amidst various market challenges.