The Disciplined Investor

Linda Raschke is our guest and what a great discussion we had. She teaches us all about Performance, Longevity and Consistency - the keys to trading success. The Fed puts it all on the table, but confuses markets - but is that the whole story? There is much more to this as tech takes another leg down – chalking up 3 weeks of pain.  Yet small-caps charge on with a great week, soooo....what is really going on? We get to the bottom of it and where the money is going. Linda of LBR Group began her professional trading career in 1981 making markets in options as a member of two exchanges. She became a registered CTA (Commodity Trading Advisor) in 1992. Since then, she has been the principle trader for several hedge funds and started her own hedge fund in 2002 for which she was the CPO (Commodity Pool Operator). Linda’s hedge fund was ranked 17th out of 4500 for best 5 year performance by BarclaysHedge and her early successes were recognized by Jack Schwager in his renowned Market Wizards series. Linda retired as a CPO and CTA in 2015. However, she continues to trade daily for her own account….the same managed money program she has traded since 1992. In the world of professional trading and money management, Linda Raschke stands out from the crowd for three factors: Performance, Longevity and Consistency. Publications: “Trading Sardines” was released in January 2019 by Daughters Press and is available on Linda’s website. An astounding 45% of the book sales have been international. Linda is also the co-author of “Street Smarts: High Probability Trading Strategies for the Futures and Equities Markets” with Laurence A. Connors. She has been featured in dozens of financial publications, radio and financial television programs. She has also served on the Board of Directors for the Market Technician’s Association and was President of the American Association of Professional Technical Analysts for two terms. Follow @LindaRaschke Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE eNVESTOLOGY Info and Webinar Replay Friday Pre-Market Run-Down Webinar Registration Stocks mentioned in this episode: (C.F) (ES.F), (AAPL), (QQQ), (SNOW), (IFRG)

Moral Hazards in these times are starting to show within a few specific sectors. Markets take another leg down – lead by tech shares. Just about 50 days until the election – still no serious plan from either party as Fauci says we won’t get back to normal daily life until late 2021! Adapt, Adjust and Avoid - the basic plan in with highly accommodative policies. Plus, a look at a fresh report on residential real estate - this is amazing.... Read the Masterworks Disclaimer Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE eNVESTOLOGY Info and Webinar Replay Friday Pre-Market Run-Down Webinar Registration Stocks mentioned in this episode: (AAPL), (TSLA), (XLRE), (TWTR), (VMW)

Markets take a beating as bloated valuations come under attack. US Economic data points to a continuing recovery. VIX spikes to 38 - interesting move this week. And our guest is Paul Barron, founder of the Foodable Networks. We discuss repercussions related to the pandemic like Societal Damage, Ghost Kitchens, Palate Neutrality and more. Paul Barron is a technologist and futurist that has forecasted various major market shifts in the past 25 years from a 100 billion impact on the restaurant and retail business to the impact of social media on our society in 2007. He has built the next era media platform for professionals based on video, podcasts, and on-demand content strategies that is re-mapping modern-day media. As an award-winning author, speaker, filmmaker, and consumer behavior analyst with over 25 years in technology and digital media, he is bridging the gap between the next generation of companies and how they connect to a completely new consumer. His accolades include: 2019 Top 8 Industry Thought Leaders, 2018 #1 Most Influential in Food, 2018 Studio 50 Creative & Technologist Award Winner, 2017 Top 35 Industry Leaders to follow, 2016 Author of the year, 2015 James Beard Nominee, 2015 "Forbes" Top 50 Most Influential, 2012 Trendsetter of the Year, 2012 author of "The Chipotle Effect", founder of "Fastcasual.com", and the executive producer of the documentary Fast Casual Nation - Changing The Way America Eats and his new book, Decade of Disruption set for 2020. Industry veteran Paul Barron takes restaurant business insights to the next level. The restaurant industry isn't just the business of food. It's a cross-functioning, multivariate entity that touches almost every industry — after all, everyone needs to eat. So, why not learn from the greats from all businesses? Connect the dots, read between the lines, build innovative strategies, become a thought leader, get the inside scoop on trends and open your eyes to the full vision of restaurant and hospitality with The Barron Report. About Foodable Network Foodable is a next-generation media company that focuses on delivering premium video, podcast, and virtual event content in a B2B educational format. Led by a team of digital media pioneers with over 20 years if digital media experience, Foodable Network is the leading new media property for the restaurant and hospitality industry. We don't stop there, our focus on a new content distribution model sets us apart from all the competition. We are experts on delivering our video podcast and virtual event content into leading platform partners like Apple, Google, Spotify, Amazon, and more. Additionally, we have developed the most extensive index of foodservice industry professionals in Foodable Labs and continue to connect our API to the leading tech and digital platforms to continue to grow our audience. Follow @Foodable Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE

The Fed turned off all safety protocols - what does that mean for inflation? We have an imposter alert - need to get this taken care of.... Rapid testing – new approval is good for the reopening trade and listener questions answered. Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE eNVESTOLOGY Info and Webinar Replay Friday Pre-Market Run-Down Webinar Registration Stocks mentioned in this episode: (AAPL), (TSLA), (GLD), (WMT), (MSFT), (ORCL), (KODK)

The leviathans of the stock universe are just getting bigger as splits seem to be tickling investors' fancy. The Fed is slow rolling their next move and a skinny fiscal stimulus plan is being discussed. Pierce Crosby is the General Manager for TradingView.com Our guest, Pierce Crosby of Trading View takes us through a tour of the TradingView platform. From charting to screens and idea generation. This state of the art platform provides features for traders and investor alike. Pierce Crosby is the General Manager for TradingView, Inc. At TradingView, Crosby heads up the U.S. revenue and business operations, including enterprise services, customer services, marketing, events and sales. Crosby brings a combination of enterprise sales experience, operational improvement and global go-to-market expertise to his work in ensuring TradingView’s U.S. initiatives. Having driven growth strategies within several business units at StockTwits, Crosby will also focus on fueling TradingView’s continued expansion into Europe and Asia. Crosby was most recently the head of business development and revenue strategy for a large US social financial network StockTwits, where he led the growth and development of the multimillion-dollar advertising, data and events businesses as well as other strategic business initiatives. Prior to StockTwits, he spent time within Thomson Reuters’ Breakingviews unit, conducting research on top-tier financial technology and banking institutions. He received a Masters from Columbia University's Graduate School of Journalism, and a bachelor's degree from the University of California, Santa Cruz. About TradingView TradingView is an advanced financial visualization platform with the ease of use of a modern website. Whether you are looking at basic price charts or plotting complex spread symbols with overlaid strategy backtesting, we have the tools and data you need. TradingView is the most active social network for traders and investors. Talk to millions of traders from all over the world, discuss trading ideas, and place live orders. Enjoy an unparalleled experience, even from iPads or other devices, which were only previously possible only with high-end trading stations. Follow @TradingView Read the Masterworks Disclaimer Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE eNVESTOLOGY Info and Webinar Replay Friday Pre-Market Run-Down Webinar Registration Stocks mentioned in this episode: (QQQ), (AAPL), (WMT), (LOW), (HD), (TGT), (GOOG), (TSLA), (SPY)

In this episode, we get deep insights on the Fed’s thinking with our guest, Danielle DiMaritno Booth. She gives us her thoughts on how far off their mandate they are an what they may be thinking about doing over the next few months. Stock splits are all of a sudden, a hot topic. What exactly does a split do and what stocks may benefit from this trend? We have some answers. Plus – an sneak peak at what our fundamental screens are showing us right now. As Founder & CEO of Quill Intelligence, Danielle DiMartino Booth set out to launch a #ResearchRevolution, redefining how markets intelligence is conceived and delivered. To build QI, she brought together a core team of investing veterans to analyze the trends and provide critical analysis on what is driving the markets – both in the United States and globally. A global thought leader on monetary policy, economics and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), has a column on Bloomberg View, is a business speaker, and a commentator frequently featured on CNBC, Bloomberg, Fox News, Fox Business News, BNN Bloomberg, Yahoo Finance and other major media outlets. Prior to Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher throughout the financial crisis. Her work at the Fed focused on financial stability and the efficacy of unconventional monetary policy. DiMartino Booth began her career in New York at Credit Suisse and Donaldson, Lufkin & Jenrette where she worked in the fixed income, public equity, and private equity markets. DiMartino Booth earned her BBA as a College of Business Scholar at the University of Texas at San Antonio: she holds an MBA in Finance and International Business from the University of Texas at Austin and an MS in Journalism from Columbia University. Follow @DiMartinoBooth Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE eNVESTOLOGY Info and Webinar Replay Friday Pre-Market Run-Down Webinar Registration Stocks mentioned in this episode: (AAPL), (TSLA)

Keith McCullough of Hedgeye is our guest for this episode. We poke at the conflicted and compromised on mainstream media and discuss those "Garrulous Characters". Stimulus plans on the rocks - will they extend the Federal unemployment program? Perhaps an Executive Order will do the trick to shake things up. The trend for the U.S. dollar is discussed as well as the all important Hedgeye Quads and the Hedgeye Risk Range. Keith gives his take on which sectors and markets will benefit in this Quad.. Exclusive Offers from Hedgeye for The Disciplined Investor Podcast Listeners The Macro Show 30 Days Free * Everything you need to know before the market opens. * Contrarian insight to get you ahead of big market moves. * Viewer Q&A: Have a question? Ask Keith during the live Q&A. * Archive access to over 1,000 shows. Prior to founding Hedgeye Risk Management, Keith built a successful track record as a hedge fund manager at the Carlyle-Blue Wave Partners hedge fund, Magnetar Capital, Falconhenge Partners, and Dawson-Herman Capital Management. Keith has been a regular market guest on financial TV and radio for many years including CNN and Fox Business, as well as a contributor for CNBC and Bloomberg. He now hosts The Macro Show weekday mornings on HedgeyeTV which was featured in a Huffington Post story, "Meet The Man Who Wants To Build The ESPN Of Finance." He is the author of the popular book, Diary of a Hedge Fund Manager and regularly shares his market and economic commentary on Fortune, Investopedia and other financial websites. He began his career as an institutional equity sales analyst after earning an economics degree from Yale University. While at Yale, he captained the men's ice hockey team to a Division I Ivy League Championship. About Hedgeye Hedgeye is a bold, trusted, no-excuses provider of real-time investment research and a premier online financial media company. Hedgeye's all-star research team is unafraid of rocking the boat and is committed to delivering the highest caliber investment ideas through rigorous quantitative, bottom-up and macro analysis with an emphasis on timing. In 2008, Hedgeye was born with hedge fund-quality research for everyday investors in mind. They envisioned a level playing field between everyday investors and Wall Street. Their founding principles remain transparency, accountability and trust. Hedeye's risk management approach to investing is different than what you’re accustomed to. The believe that their process will make you a sharper investor and reshape how you think about financial markets. For those of you interested in learning more about their unique approach to financial markets, the Hedgeye team has created an introductory video where Keith walks through their Macro process. You can watch it HERE. Follow @Hedgeye Follow @andrewhorowitz

A strong July comes to a close as earnings from tech giants wow the street. Congress is hitting a wall on new stimulus package - something has got to give (and will). Plus, unraveling the Kodak grift with the help of our guest – back by popular demand - Ben Hunt, creator of Epsilon Theory and co-founder of Second Foundation Partners. Ben Hunt is the creator of Epsilon Theory and inspiration behind Second Foundation Partners, which he co-founded with Rusty Guinn in June 2018. Epsilon Theory, Second Foundation’s principal publishing brand, is a newsletter and website that examines markets through the lenses of game theory and history. Over 100,000 professional investors and allocators across 180 countries read Epsilon Theory for its fresh perspective and novel insights into market dynamics. As Chief Investment Officer, Ben bears primary responsibility for determining the Company’s investment views and positioning of model portfolios. He is also the primary author of materials distributed through Epsilon Theory. Ben taught political science for 10 years: at New York University from 1991 until 1997 and (with tenure) at Southern Methodist University from 1997 until 2000. He also wrote two academic books: Getting to War (Univ. of Michigan Press, 1997) and Policy and Party Competition (Routledge, 1992), which he co-authored with Michael Laver. Ben is the founder of two technology companies and the co-founder of SmartEquip, Inc., a software company for the construction equipment industry that provides intelligent schematics and parts diagrams to facilitate e-commerce in spare parts. Follow @EpsilonTheory He began his investment career in 2003, first in venture capital and subsequently on two long/short equity hedge funds. He worked at Iridian Asset Management from 2006 until 2011 and TIG Advisors from 2012 until 2013. He joined Rusty at Salient in 2013, where he combined his background as a portfolio manager, risk manager, and entrepreneur with academic experience in game theory and econometrics to work with Salient’s own portfolio managers and its financial advisor clients to improve client outcomes. Ben is a graduate of Vanderbilt University (1986) and earned his Ph.D. in Government from Harvard University in 1991. He lives in the wilds of Redding, CT on Little River Farm, where he personifies the dilettante farmer that has been a stock comedic character since Cicero's day. Luckily his wife, Jennifer, and four daughters, Harper, Hannah, Haven and Halle, are always there to save the day. Ben's hobbies include comic books, Alabama football, beekeeping, and humoring Rusty in trivia "competitions". Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE eNVESTOLOGY Info and Webinar Replay Friday Pre-Market Run-Down Webinar Registration Stocks mentioned in this episode: (APPL), (GOOG), (MSFT), (DXY), (EEM), (FB), (KODK)

So much for the Rally – Tech Turns Tail. The Earnings deluge is upon us - big week ahead. Gold and Silver – rocketing higher on a soft USD. July is just about over – good markets, but good riddance! Some homework for listeners and a look at what to expect once the stimulus runs out. Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE eNVESTOLOGY Info and Webinar Replay Friday Pre-Market Run-Down Webinar Registration Stocks mentioned in this episode: (AAPL), (GOOG), (AXP), (GLD), (SLV), (BTC), (MSFT), (QQQ), (FB), (INTC), (TSM), (AMD)

Stocks up , Gold Up, Silver Up, Bonds Up, Case Count Up, Fed balance Sheet Up, Deaths Up, Unemployed Up , Everything is UP UP UP! – oh except trading volume…. And a look into the best kind of bear market.. Plus - listen to what we are discussing in our recent quarterly commentary. Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE eNVESTOLOGY Info and Webinar Replay Friday Pre-Market Run-Down Webinar Registration Stocks mentioned in this episode: (AAPL), (GOOG), (MRNA), (AZN), (IWB), (IWF), (IWD), (NCLH), (CCL), (AAL)

Rolling W’s or a "K" Shaped Recovery? We take a look at what this could mean and if it is even possible. While cases rise, new hope for treatments arrive. SPAC’s are on fire - let's discuss. Listener Call-in Questions are answered. Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE eNVESTOLOGY Info and Webinar Replay Friday Pre-Market Run-Down Webinar Registration Stocks mentioned in this episode: (EEM), (JNUG), (PEP), (C), (JPM), (WFC), (GS), (UNH), (SNBR), (MS)

Markets roar back with economics looking a bit better. The employment report rings a positive tone, while the Pandemic is ravaging our personal health. We take a look at the past quarter's winners and losers and even squeeze in a few listener questions…. Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE eNVESTOLOGY Info and Webinar Replay Friday Pre-Market Run-Down Webinar Registration Stocks mentioned in this episode: (XLF), (SPY)

Going in Reverse – Positivity Rate up – Phased openings in question. Banks Slammed on a one-two punch. Coming down to the end of the month and end of the quarter – the horses can smell the barn. And a First – Listener Call-ins – Your questions answered Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE eNVESTOLOGY Info and Webinar Replay Friday Pre-Market Run-Down Webinar Registration Stocks mentioned in this episode: (HTZ), (AAL), (UAL), (SPY), (GS), (BAC), (MS), (WFC)

The wild roller coaster ride continues as Covid Cases and hospitalizations spike. Markets are concerned but not too worried and Getting Artsy – with out guest Scott Lynn, CEO and Founder of Masterworks. We are talking Banksy, Clyfford Still, Jackson Pollock and more... Scott Lynn has been an active collector of contemporary art for more than fifteen years and has built an internationally-recognized collection of Abstract Expressionism that has included works by Clyfford Still, Barnett Newman, Mark Rothko, Willem de Kooning, and more. In addition to Masterworks, Mr. Lynn serves on the board of v2 ventures (Adparlor, Giant Media, Reachmobi, Amply, and Sellozo), Payability, and the Brooklyn Rail (a non-profit publication in the art industry). Read the Masterworks Disclaimer Follow @MasterworksIO Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE eNVESTOLOGY Info and Webinar Replay Friday Pre-Market Run-Down Webinar Registration Stocks mentioned in this episode: (AMC), (JETS), (NCLH)

From exuberance to panic in just about 48 hours time. Speculation is high – but the underbelly is soft. Bringing you Episode 666 – hoping that is not a prophecy! And a Follow up on the KRI. Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE eNVESTOLOGY Info and Webinar Replay Friday Pre-Market Run-Down Webinar Registration Stocks mentioned in this episode: (JETS), (SPY), (XLE), (QQQ)