Hello
A full array of investment articles and podcasts to help you plan for 2024.
Tom Lee was brilliant in 2023 and his 2024 forecast interview is included. Then, Jim Bianco has a different look at interest rates and the Macro Voices podcast link is included as well.
Louis Vincent Gave provides a ‘big picture’ look at things (attached) and Mario Cibelli looks at the small and mid-cap space and you wonder when the magnificent 7 will run out of gas….he addresses it. (below)
The year end Smarter Markers piece had an interesting discussion on LNG and the need for nat gas to be that necessary transition fuel.
The guest explained that Tokyo has 39 million people and energy is 25% coal powered…Jakarta 34 million and 62%…New Delhi 32 million and 80%….Seoul 26 million and 40%….Shanghai 25 million and 62% ….Manila 24 million and 47%.
And he then said if people from Alberta and BC who have a total of 10 million people are against LNG, then they do not understand the whole picture of helping the planet.
Questions about ESG continues and UnHerd looks at it and G&R describes the Green Mirage with respect to the renewable space.
In BC, the housing situation will be a big election topic and Gwyn Morgan and Rob Shaw look at that from different angles.
Finally, the TC included my piece about the Bateman Foundation I still chair, and I was thankful they included another painting of Robert’s and his story about it.
Happy New Year to you all!!
David
Number 1-Tom Lee-Who Nailed 2023 Stock Market Rally, Shares His 2024 Market Outlook
https://www.youtube.com/watch?v=QxOzhq7ZLlg&t=6s
Tom Lee, Managing Partner and Head of Research at Fundstrat and FS Insight, returns to The Julia La Roche Show to share his market outlook.
Lee was among the most bullish entering 2023, with a prescient call that the S&P 500 would rise 20% to 4,750 as inflation cooled off.
In this episode, Lee shared his 2024 market outlook, noting it’s a year that investors shouldn’t be afraid. He expects the S&P 500 will end 2024 at 5,200, but with a caveat that most of the gains will be in the second half of the year. He pointed out that his base case is the S&P could be flat or down 5% during the first half.
Looking ahead to 2024, Lee predicts positive changes in monetary policy and an earnings recovery cycle, with small caps and financials as top picks. He anticipates that small cap stocks could outperform and rally as much as 50%. He also shares his bullish outlook on Bitcoin.
Number 2-MacroVoices #407 Jim Bianco: Jay Powell’s “word salad”, FOMC Mood Swings, Interest Rate Outlook, Crypto & More
Erik Townsend and Patrick Ceresna welcome Jim Bianco to MacroVoices. Erik and Jim discuss:
Number 3-Louis Vincent Gave-The Revenge of the Ottoman Empire
Moreover, since the assets of Russian oligarchs were seized, the profits from this globalization are less likely to be recycled into Western assets, whether treasuries, Parisian real estate or English football clubs (see What Freezing Russia’s Reserves Means). Instead, the profits of this unfolding globalization boom will likely be recycled into emerging markets themselves. This is yet another reason to believe that the emerging market bull market is still in its infancy.
Number 4-Grant’s Current Yield- Big Things Come in Small Packages
https://podcasts.apple.com/us/podcast/big-things-come-in-small-packages/id1207583745?i=1000639261466
With special guest Mario Cibelli, managing partner at Marathon Partners Equity Management.
Mario explains that if the underperformance continues for another quarter, it will be the longest stretch ever where the S&P 500 beats the Russell 2000.
In 2023 so far, the S&P is at 19% vs the Russell.
He thinks it is time for it to outperform…
Talked about Doc Martens which was an IPO in 2021 but has been around forever. The largest Mexican tequila maker is the cheapest distiller in the world.
Number 5-Smarter Markets
https://smartermarketspod.com/holiday-special-2023-josh-crumb-and-abaxx-team
Holiday Special | Josh Crumb, Founder & CEO, Abaxx Technologies + Guests from the Abaxx Team
“We need to focus on trying new things, building new products, and evolving because it’s inevitable that these markets need to progress.”
Number 6-Have we reached peak ESG? - UnHerd
https://unherd.com/2023/12/have-we-reached-peak-esg/
If there is one thing businesses and markets hate, it’s uncertainty. And ESG is starting to look like another unnecessary risk — more so given that ESG has become a valuable political leverage point for politicians looking to ride the surge of populism. This doesn’t mean ESG is done: one of the major problems identified by its critics is the extent to which it has embedded in vital institutions. But we may be at a turning point, and if the risk rises higher, and there is no substantial reward to follow, ESG might find itself on the corporate chopping block.
Number 8-Gwyn Morgan-Higher immigration will worsen not fix health care and housing
The stark reality is that those millions of hopeful immigrants entering Canada will find a country not only unable to provide health care and housing for its citizens, but also experiencing diminishing overall living standards. And a national government that doesn’t seem to care.
We hope you found the Top Ten interesting this week, and are looking forward to another selection of articles, stories, and commentary next week. If you know of anyone else who would be interested in receiving our weekly note, please let me know.
Schneider Wealth Management is a trade name of Aligned Capital Partners Inc. (ACPI)* – ACPI is regulated by the Investment Industry Regulatory Organization of Canada (www.iiroc.ca) and a Member of the Canadian Investor Protection Fund (www.cipf.ca). David Schneider is registered to advise in securities and/or mutual funds to clients residing in British Columbia, Alberta, Manitoba and Ontario. This publication is for informational purposes only and shall not be construed to constitute any form of investment advice. The views expressed are those of the author(s) and may not necessarily be those of ACPI. Opinions expressed are as of the date of this publication and are subject to change without notice and information has been compiled from sources believed to be reliable. This publication has been prepared for general circulation and without regard to the individual financial circumstances and objectives of persons who receive it. You should not act or rely on the information without seeking the advice of the appropriate professional.
Investment products are provided by ACPI and include, but are not limited to, mutual funds, stocks, and bonds. Non-securities related business includes, without limitation, fee-based financial planning services; estate and tax planning; tax return preparation services; advising in or selling any type of insurance product; any type of mortgage service. Accordingly, ACPI is not providing and does not supervise any of the above noted activities and you should not rely on ACPI for any review of any non-securities services provided by Schneider Wealth Management. Any investment products and services referred to herein are only available to investors in certain jurisdictions where they may be legally offered and to certain investors who are qualified according to the laws of the applicable jurisdiction. The information contained does not constitute an offer or solicitation to buy or sell any product or service. Past performance is not indicative of future performance, future returns are not guaranteed, and a loss of principal may occur. Content may not be reproduced or copied by any means without the prior consent of the author and ACPI.
