I thought it might be helpful to post my opinion of the best Wall Street Market Strategists that appear regularly as guests on Fox Business channel to share their prognostications. There are some really good strategists that I would urge you to listen to and then there are some that are wrong about every time. I’ve critiqued some of these folks below. Not every guest strategist is mentioned; there are too many to name but trust me when I say someone should be listened to because they’re very accurate, conversely, there are those that I would literally label “terrible”, truly mediocre.
The Best of the Best! My personal congratulations go out to these excellent market strategists –
Jonathan Hoenig
Gary Kaltbaum
Stephanie Pomboy
These folks I would also place in a “very good information” category –
Kenny Polcari
Economist David Rosenberg
Dan Niles
Here is a list of the terribles that appear on Fox Business. One has to wonder how these people even landed the job, as they are a complete waste of time and money –
Economist Austan Goolsbee
Brian Belski
Liz Ann Sonders
Nancy Tengler
These lists are by no means complete, however, it’s a good start if you’re looking for market information on Fox Business that can benefit you. If you did not see your personal favorite strategist on these lists it may mean they would fall below my favorite standouts.
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Which of these are you agreeing with me on Newt?
I still own SHY but averaged in and it took off. On my cost basis I’m at 4.54. No complaints. Did you buy an ETF? Which one if I may ask? I may grab some. Robinhood is paying 4% on idle cash right now.
Most of my bond holdings are individual treasuries set to mature within 1 to no more than 2 years, they’re paying an average of around 4.6%ish, but I have smaller positions in the apoix [down in this one] and the stpz. When I managed money I usually stayed away from bond etfs in favor of actual mutual funds because bonds roll off for a variety of reasons [they mature or get called], so active managers are needed to replace them. Bond etfs work differently, following some pie in the sky index. I looked at that apoix to try and figure out why if it’s short term paper, why am I down? The yield on it is crazy, like over 10% so I guess it’s paying me to stay in, but they must be buying really sucky, low quality paper. Confusing – 🙂
Ditto pretty much. I feel sorry for any student who is stuck in a course @ The University of Chicago directed by Austan Goolsbee, dumbest mo-fo ever on the subject of Economics! Remember he was Democrat Barry Obama’s personal White House Economist who directed a U.S. economy that ran between 0.5%% to 1.75% annual GDP most of those 8 years, a true dumbass. What’s wrong with the 1-3 year Treasury, it’s probably paying 4.5%? I hold some that are 1-1/2 to 2 year maturity. I still think rates could climb higher, this Fed was late raising rates and will probably be late easing rates. There is no Fed pivet coming in 2023.
LET ME REPEAT THIS FOR VISITORS OF OUR POSTS – THERE IS NO FED PIVET COMING IN YEAR 2023! Meaning the Fed will not be LOWERING INTEREST RATES IN 2023, forget about that entirely. Only an idiot would believe that the Federal Reserve can lower rates when we’re no where close to a 2% inflation rate, nowhere close!
I still own SHY but averaged in and it took off. On my cost basis I’m at 4.54. No complaints. Did you buy an ETF? Which one if I may ask? I may grab some. Robinhood is paying 4% on idle cash right now.
Goolsbee is just stupid.
Dan Niles is a Rockstar!
Mohammed El-Erian is genius although, I really thought he was going to explode (not his demeanor) on Jerome Powell before he started (finally) hiking.
Me! Do you own Permian Resourses (PR)?
Haines Brands (HBI)?
Magnolia Oil & Gas (MGY)?
MRC Global (MRC)? Great little Houston Company.
Stupid me also bought SHY, 1-3 year Treasury ETF.
People need knowledge first. Reading about Charles Dow, Benjamin Graham, Marty Zweig… PETER LYNCH!
We are weird people who actually do read.
Ask someone if they can explain Supply Side or Demand Side economics, they can’t, we can. We’re weird, we consume more material in a week than most do in a lifetime.