The Trend is Your Friend. Right Now It's Positive: Enrique Abeyta, HX Research
The Contrarian Investor Podcast
Release Date: 04/05/2024
International Value Stocks Present Opportunity, Dividends Best Avoided: Meb Faber
The Contrarian Investor Podcast
Meb Faber of Cambria Investments joins the podcast to discuss the state of markets and the economy, the need to diversify internationally, and why dividends are not a good thing. This podcast episoode was recorded Monday, June 2 and was to premium subscribers exclusively the following day. More membership on premium subscriptions is available . Content Highlights What are Meb Faber’s view of the economy and markets? (1:34); His most contrarian take: non-US stocks are a bargain. The outperformance of US equities versus international peers is due for reversal (3:37); International value...
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Tariff Dips Create Buying Opportunities: Petra Bakosova, Hull Tactical
The Contrarian Investor Podcast
Petra Bakosova of Hull Tactical joins the podcast to discuss her views on the Federal Reserve, labor markets, the impact of tariffs, and what this all means for financial markets. This podcast episode was recorded on May 8, 2025. An was published that day for premium subscribers, who also received the full podcast episode the day after recording. Sign up for premium membership packages on our . Content Highlights The Fed last week expressed concerns about risks in the labor market. There is nothing in any of the data that bears this out yet. However, there are other ways that...
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Tariffs Have Changed 'Plumbing' of Global Finance: Axel Merk
The Contrarian Investor Podcast
Axel Merk of Merk Investments rejoins the podcast to discuss his view that Trump’s tariffs have fundamentally unbalanced the global financial order. This has created real risks, but also opportunities… This podcast was recorded on Wednesday, April 30 and was made available to premium subscribers the following day. More information on premium subscriptions is . Content Highlights The ‘plumbing’ of the global financial system has been upended as a result of tariffs (1:35); China will not dump all their US Treasury holdings overnight. But tariffs will impact future flows. A...
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Opportunities in High Yield, Private Credit and More: AJ Giannone, Allio Capital
The Contrarian Investor Podcast
AJ Giannone, the chief investment officer of Allio Capital Management, joins the podcast to discuss why high yield and private credit present compelling opportunities for retail investors — despite the apparently advanced state of the economic cycle. This podcast was recorded on Monday, March 17, 2025 and was made available to premium subscribers the very next day. For more information on premium subscriptions, . Not investment advice! Do your own research, make your own decisions. Content Highlights High yield debt: this does not appear to be a good time to invest in this asset class,...
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Recession Fears Are Overblown: Robert Smallwood, The Contrarian Catalyst
The Contrarian Investor Podcast
Robert Smallbone, aka The Contrarian Capitalist, joins the podcast to discuss his view that recession fears are overblown and a fresh "blow-off top" is coming. This podcast episode was recorded on Thursday, March 13, 2025 and made available to premium subscribers less than 24 hours later! More information on premium subscriptions is . Content Highlights Bearishness appears to have taken over markets. The S&P 500 just entered a correction. The guest is not buying that narrative (1:16); The uncertainty created by the new US president may be intentional to lower bond yields -- and interest...
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Economic Cycle Still Has Room to Run, Even With Tariffs: Scott Colbert, Commerce Trust
The Contrarian Investor Podcast
Scott Colbert, chief economist at Commerce Trust in St. Louis, rejoins the podcast to discuss why the economy can continue to expand even with the onset of Trump tariffs. This podcast episode was recorded on March 6, 2025 and was made available to premium subscribers exclusively the same day it was recorded. Information on premium membership is . Content Highlights The "Trump tariff barrage" will lead to slower growth, lower economic activity, and higher inflation -- in the short term (1:51); Over the medium term however, tariffs should not trigger a recession, nor will they have a lasting...
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Pessimism's Return, Trump 2.0 Opportunities, With Phil Pecsok, Anacapa Advisors
The Contrarian Investor Podcast
Phil Pecsok of Anacapa Advisors rejoins the podcast to discuss the return of pessimism to the market and the economic and market repercussions of Trump's various policies. This podcast episode was recorded in two segments, the on Feb. 24 with the express purpose of discussing with the then-nascent sell-off and Nvidia (NVDA) earnings. More information is . This podcast deviates from the usual format by including the guest's first-hand account of the LA wildfires. This admittedly has only limited relation to investing, but was kept mostly intact for human interest reasons. Listeners can skip...
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AI Stocks Can't Lead the Market Much Longer. Invest Internationally Instead: Dan Rasmussen, Verdad Capital
The Contrarian Investor Podcast
Dan Rasmussen of Verdad Capital joins the podcast to discuss the dwindling prospects for AI stocks and why investors might want to look outside the US for better returns. This podcast episode was released to premium subscribers on Monday, Feb. 17, 2025 without ads or announcements. For more information about premium membership options, . Content Highlights AI stocks have been on an incredible run, massively growing profits without much capital spending. That equation has changed... (1:51); Tech companies are going from software businesses to manufacturing concerns -- capital- and...
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Prepare for End of US Dollar Cycle, as Emerging Markets Rise: Rohit Goel, Breakout Capital
The Contrarian Investor Podcast
Rohit Goel of Breakout Capital joins the podcast to discuss his view that the boom in the US dollar (and in US dollar-denominated assets) will soon give way, to be replaced by a long-awaited bullish cycle in emerging markets. Content Highlights Markets have grown accustomed to US dollar dominance and with it a surge in US assets, specifically stocks. That is due for a cyclical reversal (1:00); There are three factors supporting US growth. One of them is almost certainly due to run its course (4:43); The global economy revolves around the US consumer as driver of growth. But that too can...
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The Looming Iceberg Ahead of the US Economy: Les Rubin, Main Street Economics
The Contrarian Investor Podcast
Les Rubin of Main Street Economics joins the podcast to discuss his chief concern facing not just markets and economies, but the world at large: US sovereign debt. This podcast episode was recorded on Wednesday, Jan. 22, 2025 and released to premium subscribers the same day. Information on premium subscriptions, including the vast benefits, are . Content Highlights The US economy is headed to 'serious problems' and the guest's mission is to educate people to the gravity of the situation (1:47); Debt and fiscal deficits are nothing for the US. But its debt/GDP ratios is reaching a breaking...
info_outlineThis podcast episode was recorded Friday, March 29, 2024 and made available to premium subscribers the next trading day. To become a premium subscriber and take advantage of a host of other benefits, visit our substack.
Enrique Abeyta of HX Research rejoins the podcast to discuss his (constructive) views on the stock market, why commercial real estate concerns are overdone, and to provide one stock pick -- and it's not Nvidia, though he does discuss that at some length.
Some mature language is used at a few points. Sensitive listeners should be advised.
The guest's microphone setup is significantly better than the host's so don't get discouraged by the host sounding like he's hiding in a cave at the open.
- Trends are underrated. Many investors don't respect them or understand what they mean. The current trend is clearly long-term bullish for stocks (2:21);
- However over the short term there could (probably will) be a pull back -- as appears to be happening the week after recording (5:24);
- On the whole, however, the outlook is very constructive. So constructive that the guest has only seen this clarity 10 times or less in his 30-year career (12:30);
- When it comes to the Federal Reserve, there is a strong possibility interest rate policy stays roughly the same... (15:36);
- Contrarian take: there's no need to worry about commercial real estate: (19:00);
- Regional banks presented an opportunity a year ago. New York Community Bancorp (NYCB) is not an opportunity now (23:54);
- Views on Nvidia (NVDA): not super constructive (28:20);
- One long term idea: Independent power producer Talen Energy (TLNE), owner of a nuclear power plant. The company recently emerged from bankruptcy (34:51).
- Website: HXResearch.net;
- Twitter/X: @EnriqueAbeyta.