Bakes' Takes Podcast Episode 23-8/18/20--Nuclear Winter for 60/40 Portfolios/No football? Esports to the rescue?/Is Gronk half-dolphin?

Bakes’ Takes Podcast Show Notes Sunday August 16, 2020 :28 1) Nuclear Winter for 60/40 Portfolios! Bonds prices are going down! Am I being vague? :37 2) No football? Esports to the rescue? D-1 sport? : 49 3) Thank you Jon, James, Murph, Charlie for your questions! Ladies? Bakes’ Takes—Fan Mail! Calls! Questions! Mike! 1:35 Thank you also Samuel M. from Chicago, Barry P., Daryl C. from PA for subscribing to my YouTube channel! 1:46 Please use your voice memo app, tape your question(s) and email to [email protected] 2:02 Jon C., PA—SPX resistance $338 SPY resistance, $3380 SPX, wedging up, volume receding overall, down day volume greater than up volume, CNBC playing up too much IMO, here’s why... 3:22 I will watch intensely if/how we hit NH’s—volume? Follow-through? Close vs. intraday, I promise to keep you in the loop, market seems tired, I will stick with SUE 4:57 Jon, I don’t worry because I have scars, a plan, and a sell discipline! Hope this helps, pls respond if I need to expand or clarify! 6:25 Charlie S. PA— Thanks for another great episode Bakes, Thanks for another great episode and nice guitar skills. If only your son Jack was as talented as you.... I have a couple of questions: • What are your views on SPACs and their recent popularity/success? • 8:46 Do you think we're at an inflection point with regards to U.S Dollar dominance? Following the 2008 financial crisis- despite it being an American born crisis- the world fled to the safety of the dollar and dollar-denominated assets.Right now we're not seeing that. Do you think we're transitioning from a unipolar monetary system to a bi or even tripolar one? Thanks a lot! I'm a big fan and look forward to the Bakes' Takes website. Have a great weekend. Best, Charlie 7:31 SPAC’s above ’07 high, stock market peak. Bearish indicator. From July 25 show, Barron’s front page. 9:30 Dollar reserve currency? Not fiat. Euro, yuan? Podcast suggested an AMZN crypto, 60% of Americans Prime member? More trusted than FB. 10:56 James V. PA—Bill O’Neill, client since ’94, high PE’s ok, CANSLIM, Wilshire Blvd., mo works until it doesn’t, 13:46 MOATS=high multiples, shorts are kerosene, Mike DiCarlo—AOL, NSCP 14:36 Murph-NY—live below your means, pay yourself first 15:37 Month of expenses 401(k) max match—1/2 SPX, ½ ROW (Davis?), new HR benefits paperwork Pay off debts 3-6 months emergency fund Invest in tax-advantaged accounts—Roths? Invest more Have fun! 18:02 Bakes’ Takes—Bonds are going down! 18:15 MacroVoices-Erik Townsend, Patrick Ceresna, Vincent Deluard/StoneX—13-39 minutes, Gold is a high-yield asset! There Is No Good Scenario for Bonds Long-term treasuries have been a superb counter-cyclical investment in all recent bear markets: the ICE U.S. Treasury 20+ year index rallied by 27% from January to April 20 this year and by 41% between June 2008 and December 2008. However, bonds’ upside is capped by how low yields can drop. … Going forward, it is impossible to imagine a realistic scenario in which the 60/40 portfolio continues to deliver high-single digit returns.. 19:42 https://www.podbean.com/media/share/pb-sameb-e700ba?utm_campaign=w_share_ep&utm_medium=dlink&utm_source=w_share Bakes’ Take—Reporters of the Week! Jon—dovetails to your question… 19:47 https://www.economist.com/business/2020/08/08/americas-stockmarkets-are-flying-high-its-companies-still-arent 21:26 https://www.barrons.com/articles/stock-investors-best-hedges-gold-and-tips-51596822059?mod=past_editions By Randall W. Forsyth But now, bonds have all but run out of basis points to decline. The benchmark 10-year Treasury yield hovers just over 0.5%, while the 30-year offers a bit more than 1%. That has a lot of implications for portfolio managers, says Bob Prince, co-chief investment officer at Bridgewater Associates, the big hedge fund. Not only do bonds yielding 0% provide no return over their lifetime, but their yields have little or no room to fall (assuming, as Prince does, that the U.S. won’t