On today's episode of Forward Guidance, Neal Berger Founder, President and Chief Investment Officer of Eagle’s View Capital Management joins the show to discuss how he managed to correctly identify, and profit, from the 2022 bear market.
After posting triple digit returns of 163% in 2022 (as reported by Bloomberg), Neal identified the sell off in stocks and bonds that would occur as central banks around the world tightened liquidity, responding to the record high inflation rates that shocked markets all around the world. In this interview, Neal walks through the market dynamics that allowed him to spot this trend reversal of the previous 10+ years. As central banks began tightening, reducing liquidity, Neal launched the contrarian macro fund and saw an opportunity many overlooked. To hear all this and more, you'll have to tune in!
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Timestamps:
00:00 Introduction
16:14 The Fed in 2022
21:52 "The Sell-Off Was Orderly"
24:02 Blockworks Research
25:36 The Summer Rally of July & August 2022
27:24 Thoughts On Current Rally
32:02 Rates & Stock Relationship
36:11 Permissionless Plug
37:14 The Labor Market Is Strong
40:31 Are Stocks Pricing In A Soft Landing?
44:23 Defining Liquidity
46:42 Which Is Neal Berger More Bearish On - Stocks Or Bonds?
48:43 Is This A Suckers' Rally?
50:53 IMPORTANT DISCLAIMER - DON'T TRY THIS AT HOME
51:46 Yield Curve View
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
