WTFinance

Interview recorded - 7th of July, 2023On this episode of the WTFinance podcast I had the pleasure of speaking with Jason Shapiro, Principal at JS Trading and Chief Strategist of Crowded Market Report.During our conversation we spoke about how Jason believes markets have more upside, his market sentiment strategy, why its all about choosing the right trade, the current opportunities Jason is watching and more!0:00 - Introduction1:25 - What is Jason seeing in the markets?4:00 - How do you know when sentiment has changed?5:30 - Don’t buy the laggers6:40 - Jason’s strategy, how he built it and why it is successful?10:00 - What do most traders do wrong?13:15 - Its not just about being right, but choosing the right trade14:50 - Concentration of markets18:30 - What is Jason’s process?21:30 - What happens when position closes?22:35 - Position sizing 23:10 - What are the current opportunities?28:30 - One message to take away from our conversation?33:06 - Where to find Jason’s work?With over 30 years of trading experience, Jason has gone through most markets a trader should see in their career.  From the crazy rallies during the 90s, the tech bubble pop in early 2000s, the 2008 market crash and the latest bull run starting in 2009.  Through the last 20 years of his career, he has used a contrarian approach which has been very successful to him and his clients, as verified by Jack D. Schwager in his latest MARKET WIZARDS BOOK.  Jason has managed large sums of money from a few million to several hundred million and learned a great deal about the Futures markets, from Equities, Currencies and Fixed Income to Currencies and Precious Metals.Jason Shapiro - Website - https://www.crowdedmarketreport.com/Twitter - https://twitter.com/Crowded_Mkt_RptLinkedIn - https://www.linkedin.com/in/jason-shapiro-53674994/YouTube -  @crowdedmarketreport WTFinance - Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 5th of July, 2023During this interview of the WTFinance podcast I had the pleasure of speaking with Daniel McNamara - Founder & CIO of Polpo Capital. During our conversation we spoke about what is happening in commercial real estate, why this market could see large losses, who are the bag holders and what this means for commercial real estate moving forward. I hope you enjoy!0:00 - Introduction0:53 - What is happening in commercial real estate?3:40 - Which geographies will be the most effected and who are the bag holders?6:05 - Investors to take large losses7:30 - Worse with variable rates internationally?8:40 - Could commercial real estate be a catalyst for another 2008 crisis?10:00 - Types of commercial real estate12:30 - Cyclical trend - old vs new 14:25 - Converting commercial to homes15:55 - Asset managers walking away from commercial real estate investments18:40 - Any other macro drivers?19:40 - Where are the commercial real estate opportunities?21:40 - How does an extension work?23:20 - During distress, rotating to higher quality assets25:40 - One message to takeaway from conversation?Daniel McNamara - Twitter - https://twitter.com/danjmcnamaraWebsite - https://www.polpocapital.com/LinkedIn - https://www.linkedin.com/in/daniel-mcnamara-946a969/WTFinance - Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 7th of July, 2023Buy the book here - https://www.amazon.co.uk/Fourth-Turning-Here-Seasons-History/dp/1982173734/On todays WTFinance podcast I had the pleasure of speaking with Neil Howe, co-author of the ground breaking “The Fourth Turning” and author of the upcoming update to the original book “The Fourth Turning is Here: What the Seasons of History Tell Us About How and When This Crisis will End.”During our conversation we spoke about what the seasons of history are, how they influence demographics, what the current Fourth Turning could bring and the potential golden age after such crises. I hope you enjoy. 0:00 - Introduction2:00 - Overview of the seasons of history and the Fourth Turning?11:13 - Seasons and how they influence demographics?20:10 - When did the current crisis period begin?23:50 - Are these seasons inevitable?28:10 - What other crises can we expect in the next decade?33:45 - Emergence of global powers after winters39:55 - How will nuclear weapons impact future crises conflict?47:25 - What can we expect after crises?51:40 - One message to takeaway from our conversation?Neil Howe is an acclaimed historian, economist, and demographer and the bestselling author (with William Strauss) of The Fourth Turning, as well as over a dozen books on demographic and social change. The nation’s leading thinker on today’s generations—who they are, what motivates them, and how they will shape America’s future—Howe is Managing Director of Demography at Hedgeye Risk Management, an independent financial research firm, as well as President of LifeCourse Associates, which serves hundreds of corporate, nonprofit, and government clients. He lives with his family in Great Falls, Virginia.Neil Howe - LinkedIn - https://www.linkedin.com/in/neilhowe/Twitter - https://twitter.com/HoweGenerationHedgeye - https://app.hedgeye.com/WTFinance - Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseasThumbnail image from - Thomas Cole, Series "The Course of Empire - Destruction"

Interview recorded - 30th of June, 2023On this episode of the WTFinance podcast I have the pleasure of speaking with Thomas Thornton, President at Hedge Fund Telemetry. During our conversation we spoke about why the FED will continue to hike, the potential for a hard landing, Thomas' trading strategy and what sectors we could see a rotation into. I hope you enjoy!0:00 - Introduction1:32 - Can the FED created a soft landing?4:20 - Indicators that Thomas is currently watching for a reversal?12:20 - Could markets be at the peak?18:23 - Any other macro drivers they watching?19:35 - Rotation between different sectors21:50 - What other sectors?24:20 - How else does Thomas get trade opinions?26:20 - One message to takeaway from our conversationFormer portfolio manager, senior trader, and technical analyst with Level Global Investors and Galileo Capital. Tom has written a daily market note for a select group of hedge fund managers for years and now has offered it for all investors with Hedge Fund Telemetry. His long term focus on sentiment indicators borders on the obsessive. Our growing team at Hedge Fund Telemetry is comprised of current and former buy and sell side individuals.Thomas Thornton - Website - https://www.hedgefundtelemetry.com/Twitter - https://twitter.com/TommyThorntonLinkedIn - https://www.linkedin.com/in/thomas-thornton-16130310/WTFinance - Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseasThumbnail image from - https://www.wealthprofessional.ca/investments/mutual-funds/money-managers-caught-off-guard-as-stock-market-shifts/373687

Interview Recorded - 29th of June, 2023On this episode of the WTFinance podcast I had the pleasure of speaking with Andy Schectman, President of Miles Franklin Precious Metals Investments.During our conversation we spoke about what is currently happening in the markets, why governments are driving currencies into the ground, whether this could be the end to the US Empire and which assets will perform during this period. I hope you enjoy!0:00 - Introduction1:10 - What is Andy currently watching?10:50 - Governments driving currencies into the ground17:18 - Can the current economy transition to a asset-backed currency?23:03 - Why would anyone trust an asset-backed currency?29:14 - Is this the end of the US Empire?34:17 - Which assets will perform during this period?38:05 - One message to take away from our conversationPrior to starting Miles Franklin, Ltd. in 1989, Andrew became a Licensed Financial Planner, specializing in Swiss Franc Investments and alternative investments. At Miles Franklin Ltd., a company that has eclipsed $5 billion in sales, Andrew has developed an operation that maintains trust, collaboration, and ethical behavior, superior customer service and satisfaction to better serve their clients. He is responsible for overseeing the firm’s operations and business functions; including strategy and planning, account management, finance, and new business.Andy Schectman Website - https://www.milesfranklin.com/Twitter - https://twitter.com/milesfranklincoLinkedIn - https://www.linkedin.com/in/andy-schectman-0895854/WTFinance - Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 27th of June, 2023On this episode of the WTFinance podcast I had the pleasure of speaking with Julian Brigden, Co-Founder and President of Macro Intelligence 2 Partners.During our conversation we spoke about Julian's thoughts on the current market, fiscal vs private investment, why the second half could be horrible for US equities, whether the market can ween itself off QE and what the future looks like. I hope you enjoy!0:00 - Introduction0:12 - Julian’s thoughts on current market action?5:10 - Fiscal replaces private weakness?7:40 - Fiscal benefit goes towards certain industries9:15 - Central Banks changing pivot tone11:45 - K recovery within the economy?13:40 - Second half of the year will be different17:20 - Reverse repo to bills20:20 - Bullish narrative will change23:25 - What will Julian be watching?25:40 - Equity market performance revolves around liquidity27:40 - Can the market ween itself off QE?32:15 - Can Central Banks continue current QE process?37:53 - AI Revolution or Productivity Increase39:50 - Any positivity?43:40 - Would US equities fall more if US Dollar strengthens?45:35 - One message to takeaway from our conversation?Julian Brigden is the Head of Research at Macro Intelligence 2 Partners, a firm he co-founded in 2011. He leads a six-person team of research and market professionals to publish independent macroeconomic research that is both ahead of market consensus and timely. Julian has over 30 years of experience in financial markets including positions in market and policy focused consulting to institutional investors as well as FICC sales. Julian is a trusted advisor to many top money managers who use MI2 Partners’ research to guide their investment process. He has extensive experience with macro data analysis, broad fixed income, equity market (not individual stocks) and currencies. He is particularly skilled at exploring correlations in the economy and financial markets vital to a vast array of investment decision-makers. As a global macro strategist, Julian’s primary focus is understanding and explaining macroeconomic and policy-related developments to tell clients what is important in markets and what to fade. Julian spent five years at Medley Global Advisors from 1999 to 2004, a leading macro policy intelligence firm, as the Managing Director of the G7 Client Team, providing timely trading recommendations. From 2004 to 2011, he served as North American Head of Hedge Fund Sales at Crédit Agricole. He has worked in London, Zurich, New York and Vail at UBS, Lehman Brothers, HSBC, Drexel, Credit Suisse, and Salomon Brother in foreign exchange and precious metals.MI2 Institutional Research offers a student discount for their subscription.  The Student rate is $5,001/year for one user and includes access to:8-10 Monthly Research Reports:Any questions may be directed to: support@mi2partners.com If you are interested in learning more about the Global Macro Summit in Vail between September 26 - 29, check out the link below - https://mi2partners.com/global-macro-summit-early-bird-registration/Julian -Website - https://mi2partners.com/Twitter - https://twitter.com/JulianMI2LinkedIn - https://www.linkedin.com/in/julian-brigden-150b2114WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 28th of June, 2023On this episode of the WTFinance podcast I had the pleasure of welcoming back David Hunter for a third time. During our conversation we spoke about whether the Melt-Up is still on, what will influence it, which sectors will benefit from this and why the market is still so bearish. I hope you enjoy!0:00 - Introduction1:00 - Does David think Melt-Up is still on?3:10 - Why will the S&P hit 6-7,000?8:20 - Defensive investors forced to enter stock market?11:10 - Drain of liquidity12:35 - Concerned about concentration of market?14:30 - Economic support or market driven?18:25 - Worst after the FED cuts?22:34 - Fundamentals driving Melt-up27:09 - Bull market is currently contrarian29:40 - One message to takeaway from conversation?Investment professional with 25 years of investment management experience and 20 years as a sell-side strategist with strong expertise in macroeconomic analysis and portfolio management. My strong macro capabilities combined with a contrarian philosophy have allowed me to forecast economic cycles and spot market trends well ahead of the consensus. Intellectually honest, independent thinker comfortable with charting a course apart from the crowd. Accomplished stock picker and value-oriented portfolio manager.David Hunter - Twitter - https://twitter.com/DaveHcontrarianLinkedIn - https://www.linkedin.com/in/david-hunter-668ba015/WTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 20th of June, 2023On this episode of the WTFinance podcast I have the pleasure of speaking with John Rubino - Founder of dollarcollapse.com, author/co-author of 5 books and a great Substack. During our conversation we spoke about the bearish pain to come, why we will see further bank failures, could central banks bail out governments, whether this would lead to a Bretton Woods 3.0 and how to protect wealth during this period. I hope you enjoy!0:00 - Introduction 0:53 - Key events that John is currently watching?4:10 - Surprised how well the economy has held up?5:20 - How will John know bearish catalyst8:35- Why would central banks not bail out government?13:10 - Do central bankers have any tools left to save the current system?16:30 - Bretton Woods 3.0 or BRICS currency to emerge?22:00 - What is happen with the Euro?29:10 - Potential for a hot or cold war between diverging regions?35:20 - How to protect wealth?37:20 - Is land really a store of wealth when governments can tax?40:55 - Key message to take away from our conversation?John Rubino is a former Wall Street financial analyst and author or co-author of five books, including The Money Bubble: What To Do Before It Pops and Clean Money: Picking Winners in the Green-Tech Boom. He founded the popular financial website DollarCollapse.com in 2004 and sold it in 2022.John's newsletter provides actionable advice, based on a couple of premises:- The financial world is spinning out of control and will get considerably worse before it gets better.- There are things we can do to improve our odds of surviving and thriving as the chaos unfolds.John Rubino - Substack - https://rubino.substack.com/LinkedIn - https://www.linkedin.com/in/john-rubino-a952146/WTFinance - Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 20th of June, 2023On this episode of the WTFinance podcast I had the pleasure of speaking with Michael A. Gayed, Portfolio manager at Toroso Investments and publisher of  @leadlagreport .During our conversation we spoke about whether we still are in a recession, why the FED will increase interest rates further, other macro drivers Michael is watching and whether we will experience a Melt-Up. I hope you enjoy!0:00 - Introduction1:27 - What is happening in lumber and real estate?4:07 - Why will the FED increase interest rates further?5:50 - Any other parts of the markets that you are concerned about?9:42 - Concentration of stocks11:32 - Nvidia and CISCO13:22 - Other macro drivers Michael is watching?15:22 - How long can debtors survive?17:03 - Melt-up?19:07 - One message to takeaway from our conversation?Prior to Toroso Investments, Michael was the Co-Portfolio Manager and Chief Investment Strategist at Pension Partners, LLC, an investment advisor managing mutual funds and separate accounts. He is the author of five award-winning research papers on market anomalies and investing. Michael was an active contributor to MarketWatch for a number of years and has been interviewed on CNBC, Bloomberg, and Fox Business, as well as the Wall Street Journal Live for his unique approach to interpreting market movements.Michael earned his Bachelor of Science degree with a double major in Finance & Management at NYU Stern School of Business. Michael became a CFA Charterholder in 2008.Michael Gayed - YouTube -  @leadlagreport  Website - https://www.leadlagreport.com/Twitter - https://twitter.com/leadlagreportLinkedIn - https://www.linkedin.com/in/michael-a-gayed-cfa/Instagram - https://www.instagram.com/leadlagreport/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 19th of June, 2023On this episode of the WTFinance podcast I had the pleasure of speaking with Lawrence Lepard, Founder of Equity Management Associates and Sound Money Advocate. During our conversation we spoke about what sound money is, whether our current economy can adapt to sound money, Bretton Wood 3.0 or BRICS currency, which assets will benefit and more!0:00 - Introduction0:20 - What is sound money?6:20 - Can our current economy use sound money?10:10 - How long does the FIAT system have?17:35 - System will fight for as long as possible20:18 - Bretton Wood 3.0?22:55 - Could governments block the FIAT exits?26:20 - Assets to protect wealth during hyperinflation?27:42 - One message to take away from our conversation?30:25 - Blackrock ETF good or bad for Bitcoin?Larry founded Equity Management Associates, LLC (EMA) in 2006. EMA is an equity investment management firm that invests in growing private and public companies located around the world. Since 2008, EMA has focused on investing in companies which mine the monetary metals, gold and silver. Larry presently serves on the Board of Directors of two development-stage gold mining companies: Lavras Gold Corp. (Toronto/Brazil) and Rise Gold Corp. (California). He has been a frequent guest of many media outlets including Bloomberg Television for his expertise on the monetary metals market. Prior to founding EMA, he spent 13 years at Geocapital Partners (Geo) in Fort Lee, NJ. There, he was one of two Managing General Partners and was responsible for four venture capital funds, aggregating ~$500 million. At Geo, he invested and/or served on the boards of many successful deals including Autoweb, Jackson Hewitt, Netcom, and Realtor.com. Prior to Geo, Larry spent seven years at Summit Partners in Boston, MA and Newport Beach, CA, where he established Summit’s West Coast office. Larry was a General Partner in Summit I and Summit II and invested and/or served on the boards of Chips & Technologies and Software Spectrum, among other investments. Earlier in his career, Larry worked in the Mergers & Acquisitions Group of Smith Barney, Harris Upham & Co.Lawrence Lepard - Website - https://www.ema2.com/Twitter - https://twitter.com/LawrenceLepardWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas