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Mark Cuban Is Calling The Top In Sports Franchise Valuations

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Manage episode 387209439 series 2987371
Contenido proporcionado por Reformed Millennials. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Reformed Millennials o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

Listen in podcast app and follow below for the podcast topic arc.

* Market update

* Stock Market posts its best November in history

* How to think about portfolio allocation after a historical rally in stocks and bonds

* Mark Cuban for president or is he selling the top in sports franchise valuations

* New CRA tax reporting rules

* Recommendations and Links

Listen on Apple, Spotify, or Google Podcasts.

Market Update📈📉

Welcome back.

This week marked the completion of the very best November in history for a 60:40 portfolio of stocks and bonds. What an incredible shift in sentiment we just witnessed.

I believe we are in Phase 2 for Risk Assets.

Phase 1 was the Non-Consensus Rally.

Most capital was offside, and wrong-way positioned and value was abundant across all sectors.

In phase 2 - sentiment will thaw (a bit too quickly perhaps).

It’s clear that in this phase, people are leaning in to a new narrative.

There is still skepticism, but another layer of capital has added a bid to markets in the last month. (November)

Valuations are higher but not excessive.

Phase 2 is where markets climb a wall of worry.

Phase 3 is when Consensus is all-in and public markets valuations are excessive.

Usually you have a Goldilocks backdrop and a new economy or a “AI” narrative. That takes a few years to get going…

We have a ways to go. That's my sense today.

I'm always evaluating incoming data to test and falsify these hypothesis…

Chart from all star charts:

Twitter links from the pod:

* I tried Ozempic and… - Sam Par

* People around the world all want the same thing… and its no surprise to capitalists

* Mark Cuban quits shark tank after a decade long run

Podcast & YouTube Recommendations🎙

* Tesla unveils the Cybertruck! In 3 packages.

* Best podcast of the week comes from Peter Zeihan

* Bob Elliot Talks Market Positioning, Gold and Bitcoin:

Best Links of The Week🔮:

* Economist predicts rate cuts in 2024. Source: Financial Post

* "Amazon on Tuesday announced a new chatbot called Q for people to use at work. The product, announced at Amazon Web Services’ Reinvent conference in Las Vegas, represents Amazon’s latest effort to challenge Microsoft and Google in productivity software. It comes one year after Microsoft-backed startup OpenAI launched its ChatGPT chatbot, which has popularized generative artificial intelligence for crafting human-like text in response to a few lines of human input." Source: CNBC

* "Apple is pulling the plug on its credit-card partnership with Goldman Sachs, the final nail in the coffin of the Wall Street bank’s bid to expand into consumer lending. The tech giant recently sent a proposal to Goldman to exit from the contract in the next roughly 12-to-15 months... The exit would cover their entire consumer partnership, including the credit card the companies launched in 2019 and the savings account rolled out this year... The move would mark a swift about-face for a program that just over a year ago was extended through 2029 and was intended to serve as a pillar of Goldman’s main-street ambitions." Source: WSJ

* "Billionaire investor Bill Ackman is betting the Federal Reserve will begin cutting interest rates sooner than markets are predicting. The Pershing Square Capital Management founder said such a move could happen as soon as the first quarter." Source: Bloomberg

* "Home prices were 3.9% higher in September compared with the same month a year earlier,**according to the S&P CoreLogic Case-Shiller Index. The growth coincided with the 30-year fixed mortgage rate’s climb toward 8%. Rents are easing, however, while home prices rise." Source: CNBC

Disclaimer:

Investing in equities, fixed-income instruments and/or alternative asset classes involves substantial risk of loss. Any action you may take as a result of the information presented on this website, blog or in any Reformed Millennials Podcast (a “podcast”) is your own responsibility. By opening this page and/or listening to a podcast, you accept and agree to the terms of this full legal disclaimer. The information on this website, blog and in any podcast is presented as a general educational, informational and entertainment resource only. While Joel Shackleton is registered to provide investment advice as an Advising Representative this website, blog and any podcast does not provide, and should not be construed as providing, individualized investment, tax or insurance advice, nor as containing any recommendation to buy or sell any specific securities or otherwise make any other form of investment, or take any tax or insurance decision. Nothing contained on this website, blog or in any podcast should be construed or interpreted by you to mean that an investment in any securities presented or discussed would be suitable for you in your particular circumstances. Joel Shackleton specifically disclaim that any viewer of this website, blog or any podcast should rely in any way on any of their contents as investment, tax or insurance advice or as an investment, insurance or tax recommendation. Viewers are encouraged to consult with their individual investment advisor and other financial professionals prior to taking any potential investment actions or making any insurance or tax decisions. The views and opinions expressed herein are the personal views and opinions of Joel Shackleton and any other specific contributor to the blog or podcast only and do not necessarily reflect the views or opinions of their Firm or any of its other registered individuals or employees in partnership with Joel and his guests. Joel Shackleton disclaims any obligation to update any of the information set out on this website or any blog or podcast going-forward.


This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit reformedmillennials.substack.com
  continue reading

62 episodios

Artwork
iconCompartir
 
Manage episode 387209439 series 2987371
Contenido proporcionado por Reformed Millennials. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Reformed Millennials o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

Listen in podcast app and follow below for the podcast topic arc.

* Market update

* Stock Market posts its best November in history

* How to think about portfolio allocation after a historical rally in stocks and bonds

* Mark Cuban for president or is he selling the top in sports franchise valuations

* New CRA tax reporting rules

* Recommendations and Links

Listen on Apple, Spotify, or Google Podcasts.

Market Update📈📉

Welcome back.

This week marked the completion of the very best November in history for a 60:40 portfolio of stocks and bonds. What an incredible shift in sentiment we just witnessed.

I believe we are in Phase 2 for Risk Assets.

Phase 1 was the Non-Consensus Rally.

Most capital was offside, and wrong-way positioned and value was abundant across all sectors.

In phase 2 - sentiment will thaw (a bit too quickly perhaps).

It’s clear that in this phase, people are leaning in to a new narrative.

There is still skepticism, but another layer of capital has added a bid to markets in the last month. (November)

Valuations are higher but not excessive.

Phase 2 is where markets climb a wall of worry.

Phase 3 is when Consensus is all-in and public markets valuations are excessive.

Usually you have a Goldilocks backdrop and a new economy or a “AI” narrative. That takes a few years to get going…

We have a ways to go. That's my sense today.

I'm always evaluating incoming data to test and falsify these hypothesis…

Chart from all star charts:

Twitter links from the pod:

* I tried Ozempic and… - Sam Par

* People around the world all want the same thing… and its no surprise to capitalists

* Mark Cuban quits shark tank after a decade long run

Podcast & YouTube Recommendations🎙

* Tesla unveils the Cybertruck! In 3 packages.

* Best podcast of the week comes from Peter Zeihan

* Bob Elliot Talks Market Positioning, Gold and Bitcoin:

Best Links of The Week🔮:

* Economist predicts rate cuts in 2024. Source: Financial Post

* "Amazon on Tuesday announced a new chatbot called Q for people to use at work. The product, announced at Amazon Web Services’ Reinvent conference in Las Vegas, represents Amazon’s latest effort to challenge Microsoft and Google in productivity software. It comes one year after Microsoft-backed startup OpenAI launched its ChatGPT chatbot, which has popularized generative artificial intelligence for crafting human-like text in response to a few lines of human input." Source: CNBC

* "Apple is pulling the plug on its credit-card partnership with Goldman Sachs, the final nail in the coffin of the Wall Street bank’s bid to expand into consumer lending. The tech giant recently sent a proposal to Goldman to exit from the contract in the next roughly 12-to-15 months... The exit would cover their entire consumer partnership, including the credit card the companies launched in 2019 and the savings account rolled out this year... The move would mark a swift about-face for a program that just over a year ago was extended through 2029 and was intended to serve as a pillar of Goldman’s main-street ambitions." Source: WSJ

* "Billionaire investor Bill Ackman is betting the Federal Reserve will begin cutting interest rates sooner than markets are predicting. The Pershing Square Capital Management founder said such a move could happen as soon as the first quarter." Source: Bloomberg

* "Home prices were 3.9% higher in September compared with the same month a year earlier,**according to the S&P CoreLogic Case-Shiller Index. The growth coincided with the 30-year fixed mortgage rate’s climb toward 8%. Rents are easing, however, while home prices rise." Source: CNBC

Disclaimer:

Investing in equities, fixed-income instruments and/or alternative asset classes involves substantial risk of loss. Any action you may take as a result of the information presented on this website, blog or in any Reformed Millennials Podcast (a “podcast”) is your own responsibility. By opening this page and/or listening to a podcast, you accept and agree to the terms of this full legal disclaimer. The information on this website, blog and in any podcast is presented as a general educational, informational and entertainment resource only. While Joel Shackleton is registered to provide investment advice as an Advising Representative this website, blog and any podcast does not provide, and should not be construed as providing, individualized investment, tax or insurance advice, nor as containing any recommendation to buy or sell any specific securities or otherwise make any other form of investment, or take any tax or insurance decision. Nothing contained on this website, blog or in any podcast should be construed or interpreted by you to mean that an investment in any securities presented or discussed would be suitable for you in your particular circumstances. Joel Shackleton specifically disclaim that any viewer of this website, blog or any podcast should rely in any way on any of their contents as investment, tax or insurance advice or as an investment, insurance or tax recommendation. Viewers are encouraged to consult with their individual investment advisor and other financial professionals prior to taking any potential investment actions or making any insurance or tax decisions. The views and opinions expressed herein are the personal views and opinions of Joel Shackleton and any other specific contributor to the blog or podcast only and do not necessarily reflect the views or opinions of their Firm or any of its other registered individuals or employees in partnership with Joel and his guests. Joel Shackleton disclaims any obligation to update any of the information set out on this website or any blog or podcast going-forward.


This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit reformedmillennials.substack.com
  continue reading

62 episodios

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