TradeSmith Daily
October 2023
A Cure for the “Buy and Hope” Blues
Allow me to offer some true, if uncomfortable, investment advice. You will never get rich following the crowd. Deep down, you know this. It’s common sense. Most people don’t get rich. And most people invest the exact same way. But it’s hard to break from the crowd when: Your investment advisor mindlessly sticks you in high-cost, underwhelming index funds, preaching “buy and hold” until the cows come home. Icons like Warren Buffett claim to use the same approach (while quietly
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Pounding the Table on a Deep Value Sector
The scariest words in finance right now are “interest rates.” Surging yields are causing turmoil in markets, and the utilities sector is the poster child for the carnage. A couple of weeks ago, I discussed the extreme forced selling occurring in the sector. And the risk-off narrative has only increased ever since. Today we’ll dive into the overall landscape for utilities stocks. Then we’ll see if the evidence still supports the bullish case. Elephant in the Room Let’s begin with
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