View From The Peak – Momentum Investing Is Dead

Published on
May 24th, 2016
Topic
Macro, China, Global Outlook
Duration
20 minutes
Asset class
Currencies, Bonds/Rates/Credit, Equities

View From The Peak – Momentum Investing Is Dead

The Interview ·
Featuring Paul Krake

Published on: May 24th, 2016 • Duration: 20 minutes • Asset Class: Currencies, Bonds/Rates/Credit, Equities • Topic: Macro, China, Global Outlook

Paul Krake, ex-Hedge Fund manager and Publisher of the elite View From The Peak investment research service, presents a wealth of investing ideas in Momentum Investing Is Dead. His vast experience advising and running money for some of the world's largest hedge funds is invaluable.

Comments

  • RD
    Richard D.
    24 May 2016 @ 16:11
    Agree yield starve investors imply a "global put." However, yield starve investors also overbid "securitzation" pre-08 and the rest is history. Also, don't see how corp' balance sheet is "safe."
  • RD
    Richard D.
    24 May 2016 @ 16:14
    Low cost of capital can only buys you time! It doesn't solve the cash flow dilemma of declining rev, earnings and profit margin globally. So don't know how corp' balance sheet is "safe."
  • CD
    Christine D.
    24 May 2016 @ 16:59
    Balance sheets are relative safe near term in the aggregate b/c default rates will remain low. Depressed yields means that poorer quality ventures get funding. This is a symptom of the yield grab
  • jm
    joeri m.
    24 May 2016 @ 17:00
    1949: low interest rates, low stock prices, low stock valuations, there is no alternative doesn't hold when you look at history.
  • ML
    Matthew L.
    24 May 2016 @ 19:54
    Great timing on this. 30 handles up.
  • RD
    Richard D.
    24 May 2016 @ 21:29
    Christine, isn't it the other way around, i.e., default rate (not balance sheet) is "safe" b/c balance sheet is "deemed", perception ?, bulletproof "for now."
  • RP
    Raoul P. | Founder
    24 May 2016 @ 22:40
    Krakey has the ear of some of the worlds largest hedge funds. Its well worth paying attention to what he says...
  • DL
    Derek L.
    25 May 2016 @ 00:16
    Good stuff. So asset prices will continue to be forced ever-higher chasing yield, relative performance is all that matters.Sounds dangerous when fundamentals become popular again.
  • CD
    Charles D.
    25 May 2016 @ 01:54
    Doesn't get any simpler than that....we're range bound for the foreseeable future....neither crashes or breakouts....great explanations as to why...cool.
  • PS
    Paul S.
    25 May 2016 @ 02:49
    Not on my preferred side of convexity. Only makes sense to the 'forced to own something' crowd. Until it doesn't
  • NG
    Nitin G.
    25 May 2016 @ 03:09
    Agree with this markets remaining range bound for the foreseeable future. To me calling dollar rising and china collapsing has pretty much become a consensus trade out there .
  • NG
    Nitin G.
    25 May 2016 @ 03:12
    if everyone is calling it a bubble than how come its a bubble I wonder ?I 'd argue being range bound will test the patience levels on a unprecedented scale, which can overshoot / undershoot .
  • NS
    Niek S.
    25 May 2016 @ 07:38
    'But at the end of the day', this is a terrific interview! Thanks!
  • DF
    Dave F. | Contributor
    25 May 2016 @ 13:48
    Fantastic insights....
  • AC
    Aneet C.
    25 May 2016 @ 16:03
    I would love a count of how many times he said "at the end of the day". At the end of the day, we are all dead!
  • GS
    Gordon S.
    25 May 2016 @ 18:51
    Some interesting but also lots of confusing ideas thrown at one. Especially when talking about so many topics, some unknown acronyms to me did not help me draw a clear picture.
  • GB
    Grant B.
    25 May 2016 @ 21:33
    Great insights. I appreciated his view point and what it adds to my outlook. Please have him back.
  • g
    george .
    26 May 2016 @ 02:04
    r u kidding. the thought of the herd. yield is bs and only for the faint of heart. dont buy high yield either. create your own yield through yielding profits on trades. everyone wants safety and
  • g
    george .
    26 May 2016 @ 02:06
    are too lazy to do the work necesssary to be right and are not disciplined to take small losses and big profits. i dont agree with this being a sheep and follow what he says.
  • WS
    Wes S.
    30 May 2016 @ 17:28
    ...enjoyed his insights, although, I think the writing is on the wall wrt US business cycle as indicators are pointing to a recession within, say 6 - 9 months...
  • DS
    David S.
    2 June 2016 @ 22:38
    Excellent Interview. With negative and low interest rates, a defined pension plan in corporations and governments adds major risk to stocks and bonds. This is already well known, but check your investments including ETFs.
  • JH
    John H.
    5 June 2016 @ 02:26
    tough slog ahead. he seems to agree with Ben Hunt about the rangebound market reality. maybe the contrarian move would be to forego macro altogether and find fundamental growth stories? energy, IC chips, and finance are all potentially on the cusp of big changes.
  • TM
    Tariq M.
    11 June 2016 @ 15:59
    Great insight. Since i manage my own capital i pay close attention to what investors who manage their own capital are doing like Stanley Druckenmiller , George Soros etc. I can be in 100% in cash or any form of allocation as i want and wait till things are clear.
  • YM
    Yogesh M.
    12 June 2016 @ 15:11
    At the end of the day, the Fed will raise rates as promised.

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