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Well, we are finally done with 1H22. Phew. I could comment about how bad it was, but I will spare you from reading it again here.
Unfortunately, just because the calendar flipped to a new month, new quarter, and to 2H22 the same headwinds are likely to present challenges for more time. How much longer will this take? How much of the bad news is priced in? I get asked this quite regularly. I also hear “But everyone is already bearish and knows the economy is slowing and sell side earnings forecasts are too high” — so, it must be in equity prices.
I am fully aware of this and being a contrarian am empathetic and trying to use my tools to gauge what is and is not discounted by the market. I am reminded of an exchange I had with a well-known value manager during the summer of 2008 regarding homebuilders, banks, and consumer related stocks. At that time, those areas had been hit very hard and nearly everyone was bearish on them. The bullish argument from the value manager went like this — “The stocks are super cheap, the homebuilders are now selling below book value, and everyone hates these areas more than at any time in my career. They are a contrarian buy.” I countered with — “Yes, everyone ...
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MacroFSI Macrofrom$199/mobilled anuallyFirst Month Free!What's included?Real-time market commentary about macro and crypto events from our research heads.Webinars and MediaDaily video commentary on market conditions & key events.We host over 12 LIVE webinars per year with our research team and high-profile special guests. Incredible value and market insights!ResearchOn market eventsThese are released periodically after crucial market developments.WeeklyWeekly update on developments in Washington DC and how they may impact Wall Street.Updated bi-weeklyHighlights timely market themes and sectors with corresponding stocks, cutting through the day-to-day market “noise” for a distinct perspective.Stock ListsUpdated monthlyTechnically derived, intermediate-term picks of attractive risk/reward opportunities from the S&P 500.And More!Our main goal is to make you a better investor! This series will guide you through key financial concepts and topics in an understandable way.We gather your inquiries and answer them in the most scalable way. Hear directly from our research principals!Get questions answered directly by our research heads and guest speakers.Get access to all the macro research on FS Insight
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CryptoFSI Cryptofrom$79/mobilled anuallyFirst Month Free!What's included?Real-time market commentary about macro and crypto events from our research heads.Webinars and MediaOngoing webinars exploring crypto opportunities, in depth research, and exclusive research offerings from our team of analysts and leading cryptocurrency firms.WeeklyDigestible videos expanding on important market events and metrics that are shaping cryptocurrency markets.ResearchDailyStay on top of the crypto markets with macro commentary, technical analysis, and the most relevant news.Intra monthHear directly from Tom Lee about important cryptocurrency developments.WeeklyFrom Bitcoin, Ethereum and Solana to other coins, our Head of Technical Strategy highlights important price movement to help give you an edge.WeeklyA must-read summarizing our key thoughts about the crypto market, price action, and developing trends.WeeklyAre you looking for investment opportunities in the crypto space? We explore early-stage crypto opportunities in this note about where the smart money is being invested!Intra-monthOur consulting business delivers incredible deep research reports to highlight the economics and viability of exciting crypto projects.And More!Our main goal is to make you a better investor! This series will guide you through key financial concepts and topics in an understandable way.We gather your inquiries and answer them in the most scalable way. Hear directly from our research principals!Get questions answered directly by our research heads and guest speakers.Get access to all the crypto research on FS Insight
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CryptoFSI Cryptofrom$99/mobilled anuallyFirst Month Free!What's included?Real-time market commentary about macro and crypto events from our research heads.Webinars and MediaOngoing webinars exploring crypto opportunities, in depth research, and exclusive research offerings from our team of analysts and leading cryptocurrency firms.WeeklyDigestible videos expanding on important market events and metrics that are shaping cryptocurrency markets.ResearchDailyStay on top of the crypto markets with macro commentary, technical analysis, and the most relevant news.Intra monthHear directly from Tom Lee about important cryptocurrency developments.WeeklyFrom Bitcoin, Ethereum and Solana to other coins, our Head of Technical Strategy highlights important price movement to help give you an edge.WeeklyA must-read summarizing our key thoughts about the crypto market, price action, and developing trends.WeeklyAre you looking for investment opportunities in the crypto space? We explore early-stage crypto opportunities in this note about where the smart money is being invested!Intra-monthOur consulting business delivers incredible deep research reports to highlight the economics and viability of exciting crypto projects.And More!Our main goal is to make you a better investor! This series will guide you through key financial concepts and topics in an understandable way.We gather your inquiries and answer them in the most scalable way. Hear directly from our research principals!Get questions answered directly by our research heads and guest speakers.Get access to all the crypto research on FS Insight
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