June 9th, 2024
- Mark Yusko of Morgan Creek Capital on CNBC – “Equities are Overvalued and what Mark’s Buying.”
- With same theme as our own thinking, this analyst is buying hated, feared and viewed with contempt, investment opportunities looking for out-sized gains.
- How ‘The Bitcoin President’ Has Turned El Salvador Into the Safest Country in the Americas in Just 5 Years. Interview by Tucker Calson with President Nayib Bukele
- LOTM Thoughts on S&P 500 (SPY)
Mark Yusko is a well-respected asset manager, especially with this writer. In this five minute CNBC clip, Yusko is slowly and in a disciplined manner, exiting over-valued growth equities and rotating to Cash (short term paper), Crypto and Gold. He compares crypto being in the same position as the initial Gold ETF (2004) where in-flows to the Gold ETF (GLD) moved the price of gold higher for five or more years. Mark projects the $58 billion that has entered the Bitcoin ETF world (Mid-January 2024) will expand to more than $3000 billion in the next few years. In doing so, Bitcoin and other future crypto ETFs like Ethereum, will have a constant bid and move upward within a consistent trend. Volatility can be used as an advantage but one must deal with how you react to fear and greed.
“Hedge fund manager Mark Yusko sees sign of ‘very unhealthy markets,’ warns stocks are overvalued”
About 5 minutes hosted by CNBC
KraneShares Analyst, Brendan Ahern discusses the financial opportunities in Emerging Markets. His focus is currently around the Theme that many Emerging Markets are undervalued Vs the USA markets. One of the funds mentioned by Brendan is his company’s ETF – an Emerging Market corporate bond fund paying about 14.9% annual distribution, paid monthly and has upside appreciation potential. This is quoting Brendan. The symbol is KHYB – full name KraneShares Asia Pacific High Income Bond Fund. The price is $24.81. We repeat Brendan is promoting his own bond fund so listen to the presentation and why and also the risks and rewards. This is an interesting idea, but LOTM is not an Investment advisor so do more investigation and be comfortable for your situation. One last suggestion. For a broad based investment portfolio, consider no more than 5% in any one position – especially if looking for dividend or income ideas. They are many attractive income ideas available for consideration.
“Cheap, Hated, But In An Uptrend: Can China Be A Once In A Lifetime Opportunity? Brendan Ahern Hosted by Meb Faber – 48 minutes.
How ‘The Bitcoin President’ Has Turned El Salvador Into the Safest Country in the Americas in Just 5 Years CryptoGlobe Writer – 8 Jun 2024 In #Bitcoin ($BTC), #El Salvador
In a captivating interview with Tucker Carlson that aired on TCN on June 6, President Nayib Bukele of El Salvador shared his insights and experiences in transforming one of the most dangerous countries in the world into one of the safest in the Western Hemisphere. The interview covered a wide range of topics, including Bukele’s strategies for combating gang violence, his views on Western civilization, and his advice to former President Donald Trump.
Nayib Bukele is the President of El Salvador, a position he has held since June 2019. Bukele is known for his charismatic leadership style and his unconventional approach to governance, which has garnered both praise and criticism domestically and internationally. Before his presidency, he served as the mayor of San Salvador, the capital city of El Salvador. Full print article linked here.
Full one hour-five minute Carlson interview linked here.
LOTM: SPY (S&P 500) is Expensive, Losing Internal Momentum with Price still in an uptrend. Internal Momentum is lagging SPY’s price performance. This is a negative. In a healthy market, Internal Indicators would be out-performing Price. In our humble opinion it is a good time to slowly rotating towards cash, 2 to 5 year maturity paper, dividend income, value stocks with low debt, commodities and crypto. Yup, we talking our book. Hopefully that is why you are reading this – to see what we are doing. It has been a great run since October 2022. Probably time to be more conservative in our USA approach and looking more towards outside the USA towards Emerging markets. Note also Volume is declining in the chart below. Also, an unhealthy signal.
Everything I have experienced in the market from 1976 to now, says to me that the large cap tech rally from 2009 to 2021/24 is over. Is that bad for the market? No, It just says that new leadership’s time has arrived.
We expect Commodities to lead, especially gold, silver, copper and grains. It is time for Industrials, Infrstructure companies & Materials part of the S&P 500 to shine and lead. Reshoring and near-shoring require building and up-grades in North America. Value stocks and Emerging Markets are areas we expect to outperform. We expect active money management (stock picking) to out-perform passive money management.
Buying companies, a skill set long forgotten and in short supply, will outperform. It is all very exciting times. It is like… we are returning back to reality.
Good fortunes to all!
Tom
LOTM Research & Consulting Service
* An account related to LOTM holds a position in this security.
Neither LOTM nor Tom Linzmeier is a Registered Investment Advisor.
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