9/21/2023 0 Comments Doug kass real money pro![]() Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities. From sudden sell-offs to sudden spikes, Real Money Pro arms you with crucial analysis - at a rapid fire, professional pace - to help you make sound trading decisions - every day, every hour, and every minute. Hedge fund manager Doug Kass has built a reputation for calling it as he sees it, even when he knows what he says will shake things up. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box." A Note from Doug: Current strategies and actionable trade ideas - all on one dynamic platform built exclusively for active trades. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He also serves as president of Seabreeze Partners Management Inc. ![]() In TheStreet’s Real Money Pro service, Kass provides frequent market commentary and, and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. For over 15 years I have been a contributor to TheStreet and its subscriber-based products (currently Real Money Pro). He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality. doesn't totally control its economic destiny in a flat and interconnected world.Doug Kass is a world-renowned hedge fund manager that brings decades of experience and success navigating through some of the most turbulent periods in market history. It is important to remember that many of the most important supply chains lie overseas, where more restrictive business and social closures have been put in place. ![]() Continued supply chain problems that, in part, fuel inflation and inflationary pressures to levels well above consensus.Less liquidity could result in a marked reduction in flows into equity funds, which has provided unprecedented fuel to the markets in 2021. A more aggressive Fed than is reflected in general expectations.With continued high inflation - a regressive tax, a continued widening in the income/wealth gap houses a wide range of social, economic and political problems and investment ramifications.Modest EPS growth, if any growth at all, when combined with lower valuations could translate into negative overall returns for the S&P in 2022.However, contributing potential negative influences include likely margin pressure from higher costs, a Fed tightening, some evidence of pulling forward demand, etc. One of the biggest surprises this year has been the resilience of corporate profits. Disappointing EPS growth, probably under 5%, compared to higher expectations.There's no substitute for a trading floor to get great ideas, so Jim Cramer created a better one. To some degree, this reflects the Fed's pivot, which will likely produce higher interest rates, serving to adversely impact discounted cash flow models of long-dated growth stocks. RealMoney DAILY DIARY Read the full story and get access to the Real Money Pro trading floor. A hard rotational shift from growth to value.Considering today's elevated valuations, that reset has the potential of being more than the historic average. On average, over history, a 100-basis-point rise in fed funds rates is associated with about a 15% valuation adjustment lower. This is the most important part of today's opener: Rather, Apples smartphone is a 1,300 unit subject, increasingly, to the vagaries of the economy and specifically to influences facing the consumer.
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