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Tag: cryptocurrency

Beating The Market is Hard. Optimizing Investments is Easy: Chris Hutchins (Szn4, Ep 22)

Chris Hutchins joins the podcast to discuss his strategy for asset allocation, which leans heavily on passive investing and optimizing earnings power rather than picking stocks. In this (admittedly) unorthodox episode he discusses some of his methods.

Content Highlights

  • You probably can’t beat the market. Instead of trying to optimize the portfolio, why not optimize how quickly money can be put to work? Or maximize income from employment (5:55);
  • Beating the market may be extremely difficult (if not impossible). but educating oneself is still invaluable along several lines that are discussed (8:07);
  • How does Hutchins’ asset allocation break down exactly? (10:45);
  • The guest is also a venture capitalist. What areas of technology is he particularly excited about right now? (12:35);
  • What about the VC model itself? (21:30);
  • Background on the guest (30:00);
  • Not investing is as big a mistake as investing incorrectly. Some of the options (35:32);
  • How important is liquidity? (38:44);
  • What has the guest most worried right now? (42:06).

More Information on the Guest

Quick Video Highlights

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Russia Bond Default, Crypto Fund Blow-Up No Concern to Markets (Yet)

The following is an amended form of the Daily Contrarian briefing from June 27. This briefing and accompanying podcast are released to premium subscribers each market day morning by 0700. To subscribe, visit our Substack.

Over the weekend we received a couple of troublesome headlines about a Russian bond default and potentially the blow-up of a crypto hedge fund

Markets appear to have shrugged this off, moving higher in the pre-market. While this bounce faded at the open, major indexes are only down a few basis points at the time of this writing (0940 EDT on Monday). Cryptos are down a bit, with bitcoin dropping by about 2% to dip below $21,000.

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Fed Will Reverse Course on Rate Hikes, And Soon: Deer Point Macro (Szn 4, Ep 17)

This episode is brought to you by StockMarketHats.com â€” claiming to be stylish and funny. To avoid ads, consider becoming a premium subscriber.

Deer Point Macro joins the podcast to discuss his view that the U.S. Federal Reserve will only hike interest rates once more before easing.

Content Highlights

  • The Fed is not some magical organization that can control all parts of monetary economics (2:50);
  • The Fed can create demand for credit, but banks have to provide supply. And banks are pushing back (5:03);
  • What to make of the Fed’s rate hikes this year? How has that affected bank portfolios? (9:37);
  • The eurodollar market plays a significant role in Fed policy and its implications. An explanation (13:24);
  • The Fed stands to raise once more, at its next meeting in July, before having to cut rates in September (16:21);
  • Inflation is stubbornly persistent. Doesn’t this force the Fed to raise rates? (19:57);
  • Background on the guest (30:14);
  • Markets don’t really react to ADP employment data, but for economic detective work it can be vitally important (31:48);
  • How this all translates to asset prices: good for bonds but commercial banks are maybe not as safe as some would think. But regional banks may be a better bet (35:11);
  • What about cryptocurrencies? (36:34);
  • Quick discourse on the so-called ‘Fisher effect’ that posits that inflation rises as Fed funds increase — over the long term (39:14).
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