In this week’s podcast, I answer questions on tariffs and 401ks. I also talk about how to handle the current downturn in the equity markets… which will likely continue following the Federal Reserve’s decision this week to continue raising rates next year.
But there are reasons to be optimistic during this brutal downturn… where even industry leaders like Apple, Caterpillar, Goldman Sachs, Schlumberger, Wynn Resorts, Kraft-Heinz, FedEx, AIG, General Mills, Celgene, and Nvidia are down more than 30% year to date.
I break down some of these positives… and highlight one out-of-favor sector that you should be going “all in” on right now. Not only is this sector dirt cheap compared to the rest of the market… but it has an incredible catalyst that will help grow earnings regardless of market conditions.
I wish you all a happy and safe holiday season.
P.S. In 2008—the worst one-year stock market decline in modern history—The S&P 500 crashed 40%… But my colleague and ex-hedge fund partner Mike Alkin used his time-tested process to make 812% on a single investment… and 773% on another. His unique approach helps him identify huge winners in virtually any market environment. Click here to learn more.