Jared Dillian, founder of The Daily Dirtnap and author of “No Worries: How To Live A Stress-Free Financial Life,” returns to Forward Guidance to argue that too many are too excited about the stock market and private equity and that, accordingly, he is short both. Dillian expects the much-anticipated recession that never appeared in 2023 to finally arrive, and he remains bullish the front end of the yield curve. Filmed on December 20, 2023.
Dillian’s latest book: https://www.jareddillianmoney.com/books/no-worries
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Timestamps:
00:00 Introduction
00:31 Jared's Bearish View On Stocks
03:23 Jared's Short On Blackstone
06:55 Higher For Longer Was Just A Narrative All Along
09:07 I Think We'll Get A Recession
12:06 View On Long-Term Government Bonds
15:29 International and Value Stocks
18:06 Very Bearish View On Chinese Stocks
22:05 Bull Case In Argentina
23:09 Value Stocks Vs. Growth Stocks
25:09 Oil
26:51 Stock Market Sentiment
28:20 Indexing and The Awesome Portfolio
36:04 The Risk Of Focusing Too Much On Small Financial Decisions
44:51 Closing Thoughts On Crypto and Gold
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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.
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