This Week on The Compound
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EPISODES
On TCAF this week Josh and Michael spoke with returning guests Ryan Detrick, Chief Market Strategist, and Sonu Varghese, Chief Macro Strategist, at Carson Group. They discussed the biggest questions facing investors right now: the Fed, inflation, market rotation, Micron’s incredible run, semiconductor demand, small caps, gold, Bitcoin, regional banks, and whether the Mag 7 slowdown is actually bullish for the market. (Listen)
INSIDE THE COMPOUND
The stock market is getting nervous about the Mag 7 stocks. You would think that would have doomed the stock market. You would be wrong. Josh Brown at Downtown Josh Brown looks at why we haven’t seen a decent correction in awhile.
The objective observer would probably argue that falling stock prices and valuation gut checks are actually the most supportive factor for a continuing rally. As Palantir falls, Micron rises. As Oracle stumbles, Cisco picks up the slack. As software collapses, semiconductors take over the XLK. This intra-theme rotation has been the way we’ve been able to escape a correction so far and the bulls would argue that rotation is what will keep the plates spinning.
OUTSIDE THE COMPOUND
Can’t get enough of The Compound crew? Well, you are in luck. Michael and Ben recently appeared on the Plain English podcast with Derek Thompson to talk about the SpaceX IPO and more. Also Ben was just on the Meb Faber podcast to talk about lessons from his new book: Risk and Reward: How to Handle Market Volatility and Build Long-Term Wealth.
MERCH
Summer is officially here, so grab a Compound Serif hat to help the keep the sun out of your eyes. You can always check out all our merch at idontshop.com.
COMING UP
Next week on TCAF, Josh and Michael will be joined by Brian Belski, Founder, CEO and CIO of Humilis Investment Strategies.
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