Jeff Macke is the guy I turn to whenever I have questions about the Consumer. Anything retail, restaurants, internet sales, he’s the one we want to listen to. Jeff and I have known each other for many years and are friends with a lot of the same people. On my Youtube Channel, you can find an old clip of him and I talking about Gold & Silver back in January 4, 2012.
In this episode we talk about the restaurant stocks, pharmacies, which areas he wants to avoid and which ones he wants to own. He says the pair trade of the decade could very well be: Long Shaquille O’neil (Papa Johns $PZZA) and Short Kanye West (The Gap $GPS). This was a really fun conversation. I picked up some good ideas and had a few laughs. I hope you enjoy!
In this episode of The Money Game, Phil wanted to talk about the importance of exercise. He compares the human mind and body to auto racing and how in order to succeed, the car must be in great condition. For Financial Advisors, Traders, Portfolio Managers and Analysts, we regularly go through very stressful times, and in other cases very boring times. In order to put ourselves in a position to excel, we need to have our minds right. The best way to make sure the mind is in top working order, is to make sure the body isn’t being ignored. They work together.
Phil reiterates a lot of points that are probably familiar to a lot of us who focus on physical and mental health, which is fantastic. But for those of you looking for a spark, just to get the ball rolling, Phil offers some advice on easy ways to get started. He also discusses the Height-to-Waste Ratio and what we should be looking for. I thought that was really helpful too.
I encourage you to sign up for Phil Pearlman’s FREE weekly newsletter: PRIME CUTS. It’s filled with great words of wisdom and links to go learn more about certain topics he discusses like Mental Health, Exercise and Nutrition.
I’m so excited to have Katie Stockton on the podcast. Katie is someone whose work I’ve followed my entire career. Even early on, she was there talking about oscillators and price behavior. She’s certainly on the list of Technicians who have influenced my work over the years. Back in the day she worked with Mike Hurley, another friend of the podcast and our featured guest in mid-March. After spending most of her career on the sell side, Katie has adapted to the changes in traditional wall street research and has now gone independent, recently founding Fairlead Strategies. This was a fun conversation that I really enjoyed. Prior to recording, I told her to just pretend we’re at a wine bar with our laptops. What would that sound like? This is that!
In this episode of the Money Game, Phil and I talk about how Technical Analysts have an advantage in the current global environment. The fact that we’re accustomed to focus on price behavior, and therefore tune out all the noise, we already have those good habits in place for a world filled with more noise than ever. I see people daily poisoning themselves with massive doses of news consumption, particularly horrible things happening all over the world. This conversation brings up some great points about taking care of your business, your family, your health and making sure that the things you can control are in order. If you don’t have your own house in order, you can’t help others. So if you really want to do right by the world, take care of yourself first, and then you will have the ability to help those in need.
This was a really cool comparison Phil is making about the advantages technicians have in the current world.
Jordan Kotick is one of the key people that early in my career inspired me to be more intermarket oriented. They would ask Jordan about the S&P500 and he would go into a tangent about bonds. They would ask him about Emerging Markets and he’d whip out, what he refers to as, “Chinese Dow Theory”. For over a decade, Jordan was the Managing Director of Macro Strategy at Barclays and then Managing Director of Cross Asset Strategy at RBC Capital Markets. He is the first person to have ever been president of both the CMT Association (then called the MTA), and the Canadian Society of Technical Analysts (CSTA). In this podcast episode we talk about some of the great lessons Jordan learned over the years and what sorts of markets and charts investors should be paying attention to in the current environment. This was a really fun conversation and was great to catch up!
Jeff deGraaf is one of those analysts who influenced me very early on. Something I’ve always admired about him is how much emphasis he puts on first identifying what type of market environment we’re in, before then giving more or less weight to different tools and indicators. This is one of those important steps that I think gets forgotten quite often when you see investors trying to always incorporate a certain strategy or approach regardless of the environment. In this episode, Jeff compares this stock market crash, and subsequent recovery, to others in the past including 1987. He does a nice job of incorporating what is currently taking place in Bonds and Gold into his analysis for stocks. I think there are a lot of great lessons in this conversation with, who I believe, is one of the best Technical Analysts in the world today.