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Tag: hedge funds

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

Published June 27, 2022

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.

MoreRussia Bond Default, Crypto Fund Blow-Up No Concern to Markets (Yet)
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Retail Analysts Are Smarter, Brooker Belcourt Has Proof (Szn 4, Ep. 14)

Published May 16, 2022

Brooker Belcourt, CEO of Covey, joins the podcast to discuss his analyst platform and its ‘alpha algorithm’ that has been able to produce outperformance through its stock and ETF picks and crypto calls.

Content Highlights

  • Covey’s contrarian thesis: Retail analysts are every bit as good, if not better, than institutional analysts (4:10);
  • The idea of a platform to aggregate analyst opinion is not new. But very recent history has proven Covey correct: its analysts predicted the drop in cryptocurrencies and rise in value stocks over that have transpired over the last week (5:53);
  • The ‘alpha algorithm’ and how that works (6:58);
  • What is Covey’s algorithm picking up right now? (11:03);
  • Some highlights: Long commodities, fertilizer stocks like Mosaic (MOS), financials, energy stocks, and a few beaten-up tech names like Facebook/Meta (FB) and Alibaba (BABA). Short cryptos has been taken off (14:46);
  • Isn’t Covey just chasing past performance hoping for future results? (17:20)
  • Great investors appear to have staying power, regardless of environment (23:27);
  • Background on the guest and how he came to start Covey (28:11);
  • Deeper discussion on how Covey’s top analysts are positioning their portfolios right now (36:39);

For More Information

Video Highlights

MoreRetail Analysts Are Smarter, Brooker Belcourt Has Proof (Szn 4, Ep. 14)
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