Bakes' Takes podcast - Episode 13 - 6/3/20

Bakes’ Takes Podcast Show Notes –Saturday May 30, 2020:28 TIK TOK—1) 60/40 has worked!, down only 1.4%, I’ll explain2) 1700+ charts—Positive Biotech, Gold miners, Silver miners3) Negative—Emerging markets/China, Real Estate, Small Caps, Financials, Junk Bonds:54 60/40 is ONLY -1.4% YTD! In a Pandemic! Thank you, Mr. Powell! From my 9/10/19 presentation, Gold up 16.2%.3:53 SPY—Close above 303, volume below average. Mischievous bastard.4:55 1700 charts, 11 to focus on, 8 themes. Positive-Biotech, Gold, Silver, Negative—Emerging Markets/China, Real Estate, Small Caps, Financials, Junk Bonds5:23 Short RE--Daily chart--$19 down to $13, How much retrace?6:00 Short RE--Monthly chart--$50 down to $13, How much retrace?https://www.youtube.com/watch?v=FdHDgsOaiBw6:58 Kevin O’Leary (Shark Tank’s Mr. Wonderful) and Connor O’Brien, O’Shares ETF’s, 3:00 Kevin, 51 private investments looking to cut real estate use by 50%, 9:00 ETF’s WAY more cost and TAX efficient, 21:00 real estate down, banks hold the mortgages, hit nexthttps://www.youtube.com/watch?v=b5Xjsm_I1_M8:19 Jason Calacanis, Garry Tan—at 1:14, Jason’s co’s not renewing leases (SF), save $1 mil hire engineers, drop to bottom line9:14 SEF—shorts financials $30 down to $20 support on daily, $200 down to $20 on monthly10:28 Short MSCI Emerging Markets (40% China)Monthly chart--$99 down to $18 how much retrace?https://www.wsj.com/articles/u-s-moves-to-audit-chinese-firms-market-frets-over-what-comes-next-11590485401?mod=searchresults&page=1&pos=1 byDave Michaels, Akane Otani10:58 Decade+ Chinese companies raised billions on American stock exchanges while avoiding the accounting-quality checks that other public firms endure.Legislation passed by the Senate—and now introduced in the House—would kick Chinese companies off U.S. stock exchanges unless their audits are inspected by U.S. regulators. 200 companies, $1.4 trillionAlibaba and e-commerce rival JD.com Inc. not state-owned, others are fully or partially under Chinese government control. China is less likely to allow audit work papers for state-owned firms to ever be shared with overseas regulators.Outlawed complying with overseas securities regulators without the permission of its own market supervisor and various components of the Chinese government.12:39 BBH—Top 3 AMGN, GILD, MRNA ($23B!)—no products!14:09 IBB—Top 3, VRTX, AMGN, GILDBiotech looks promising. How much COVID-19? Expectations? 12 companies working on vaccines, 22 treatments, 13 testing. Price vs. politics? Margins? Acute vs. chronic? Herd immunity? 3 winners each, rest losers?16:54 GOEX--Gold MINING stocks vs. bullion. Leverage. $15 to $30 100%17:38 PHYS—bullion vs. miners. $11 to $14 25%17:52 SIL--Silver miners, like gold +100%18:16 SLVP—Silver miners, $6-$12 100%, more to come18:31 Short RU2K, BUY RWM?19:10 Short Junk Bonds (SJB)—Have to careful! Fed is buying junk and the long ETF’s!https://www.barrons.com/articles/the-markets-rally-could-linger-for-a-few-weeks-that-doesnt-mean-were-in-the-clear-51590800482?mod=past_editions20:20 by Randall Forsyth Economic stats old as soon as they are released. My take—you can’t invest in them, better to focus on what are the future implications for my/our community? How do we make money!?I always welcome your inputs and insights!21:26 Please subscribe, review and share my Bakes’ Takes Podcast on Apple, Spotify or your preferred platform. Please also subscribe to my Bakes’ Takes YouTube Channel, the audio is the same but the charts that I reference are on the screen. Follow us on Twitter @BakesTakes_ and other social media. Please use your voice memo app, tape your question(s) and email to [email protected] or write if you prefer. I will also keep you anonymous is you’d like. Thank you for listening, Mike Wilson is my producer.Have a great week. Bakes22:18 Much needed levity—Bill Burr, Paper Tiger, Royal Albert Hall https://www.youtube.com/watch?v=c078AVNTjM4