This Correction Is Not A Buy Signal: Mike Singleton, Invictus Research

This podcast episode was released to premium subscribers — without ads or announcements — on April 28, 2022. To become a premium subscriber and take advantage of a host of other benefits, go here or visit our Substack. Mike Singleton of Invictus Research joins the podcast to discuss why the current sell-off is not a buying opportunity for stocks. Content Highlights Many contrarians currently believe sentiment is too bearish, meaning the market is due for a run for strong performance. Their conclusion is likely wrong (3:28); Regardless of what investors say in surveys, the key question is whether they have money on the line -- and how much (5:50); Right now retail exposure to stocks is at all-time-highs, while institutional investors have cash at low levels (7:27); What about the economic fundamentals, which are mostly in good shape? (10:09); The Fed actually has credibility when it comes to tightening interest rates -- and is not just 'jawboning' the market (12:58); This is partly because the Fed does a lot more communicating than it has in the past (16:40); Inflation has likely peaked and will start to slow, though not by enough to let the Fed ease rates (24:02); Background on the guest and 'origin story' for Invictus Research (26:54); What part of the business cycle are we in now? (33:23); What does that mean for asset classes? (35:34); ARK Innovation ETF (ARKK) "has been a terrific place to look for shorts -- quick discussion of Cathie Wood and her predicament" (38:03); Bonds will become an opportunity when the Fed 'breaks something' and there are indications that may be happening now (40:40); More Information on the Guest: Twitter: @InvictusMacro; Website: Invictus-Research.com.