Derek Moore and Jay Pestrichelli decide who got the S&P 500 Index 6000 prediction right. Then they talk about Bitcoin running to new highs and some theories about a Bitcoin strategic reserve now that Trump is the President Elect. Later, they review some data pointing to bond yields remaining high (or going higher). Then discussing how investment banks S&P targets rise to follow the markets. All that plus a listener email.

 

Small Cap fund flows into IWM

TLT ETF bond flows

Bitcoin makes new highs and ETF fund flows surge

Hussman 12-year forward estimate nonfinancial market cap divided by gross value-added

Goldman Sachs 12-month S&P Price Target

Markets 12-month forward performance after Fed cuts rates near all-time highs

10-Year Treasury Yield vs. Nominal GDP Growth

Trump to stockpile Bitcoin in a strategic reserve?

VIX and implied volatility collapse post-election

Jay and Derek discuss who correctly called S&P 500 6000 by the end of the year

 

 

Mentioned in this Episode

 

Trump – Stockpile Bitcoin in strategic reserve

https://www.politico.com/newsletters/morning-money/2024/08/05/trumps-latest-crypto-gamble-00172611

 

Podcast where Jay and Derek predicted S&P 500 6000 back in mid June https://open.spotify.com/episode/5kEdjbbXKuCJ114381jYL8?si=420ed5b0864e4aea

 

Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT

 

Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt

 

Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag

 

Contact Derek derek.moore@zegainvestments.com