Today, Kate’s guest is Tom Samuelson, chief investment officer at Vineyard Global Advisors. Tom remains optimistic about investors’ prospects going forward, even as the market reacted to Fed Chair Jerome Powell’s words about “pain ahead.” In this interview, you’ll hear Tom’s accurate prediction of the market’s response to Powell’s comments at the Jackson Hole summit. But Tom also offers some specific ideas about the stocks he’s watching, and why.
-How does Tom frame current market conditions, with the worst first half of the year in decades for both stocks and bonds? -How government spending boosted the stock market in 2020 and 2021, but valuations eventually corrected as the speculative bubble burst -How Fed rate hikes affected the market, particularly many tech, such as companies of the cloud? -Why Tom believes most of the bad news has been discounted at this point, but he also believes the market is currently overbought and expects a pullback -“Don’t fight the Fed” is an old saying, and after Jackson Hole, it’s clear the Fed isn’t done raising rates yet- as Tom predicted in this interview -Inflation will fall eventually, but investors will have to wait it out -How the war in Ukraine is created supply disruptions and affected food prices -What Tom means by “revaluing” stocks -Why you can look around and see growing industries, like 5G -How Tom evaluates growth for his portfolio, using key metrics -In this type of interest rate environment, why do we see stocks at reasonable P/E levels -Why naki Tom sees secular growth in the cyber security industry, despite stocks still looking expensive, in terms of valuation -What is the “pick and shovel” analogy and why does it apply to stocks today? In which industries does Tom see this happening? -How should investors approach the markets at the moment? Tom sees the battle between the macro environment and what the technicals are showing us -Why Tom thinks the market is ahead, and what investors should be looking for -Hear Tom’s prediction about the upside of the Fed rate- which is absolutely correct!
Stocks mentioned in this episode:
Twilio (TWLO) American Tower (AMT) ServiceNow (NOW) CrowdStrike (CRWD) Palo Alto Networks (PANW) Freeport McMoRan (FCX) Aptiv (APTV)
How to learn more about Vineyard Global:
https://www.vineyardglobaladvisors.com/
Links mentioned in this episode: https://www.marketbeat.com/all-access/
This podcast is hosted by ZenCast.fm