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A weekly investment podcast showing you how to make money in up AND DOWN markets.
Episodes
Sunday Oct 18, 2020
Sunday Oct 18, 2020
Bakes’ Takes Podcast Show Notes Sunday
October 11, 2020
:24 1) Stock market—Trump is still going to win
2) Bonds still suck.
3) Levity still much needed.
Bakes’ Takes—My Portfolio
:41 Every week a new college touts an esports initiative
Bakes’ Take—very strong trend
1:54 Bakes’ Take—Fan Mail! Calls! Questions! Mike!
Charlie, NYC—Biden victory lift stock prices—stimulus. Spending (infrastructure, healthcare), less trade friction. Biden victory more constructive for stock market long-term?
Stocks select Presidents, not the other way around.
Trump-lower taxes, regulation.
Biden-Infrastructure.
Predicting what gets through Congress beyond my pay grade. Not dazzled by any politician I see now.
6:43 Bear Traps Report
7:40 at 47 minutes Josh Brown reflects on Eisenhower, troops coming home, highways, etc., Obama, out of financial crisis, Presidents get too much credit, too much blame
Bakes’ Take—Focus on charts, groups. Let the market tell you what is promising. Ignore prognosticators.
Ideas, services you’d like me to add, etc. Please!
10:36 Bakes’ Take—Podcasts of the Week!
https://www.youtube.com/watch?v=ichI8T-QuCE
SPAC talk with Chamath Palihapitiya, David Friedberg, David Sacks & Jason Calacanis | from Episode 7—at 3 minutes, on why Chamath kickstarted SPAC movement
12:18 Jason Calacanis thinks Apple 12 is a joke, F-, no supercycle for upgrades, first time he is not buying out of gate, one man’s opinion but influential Silicon Valley angel investor
13:28 Revenue growth anemic, 9% eps growth this year, 19% next, numbers coming down, 37 P/E, volume picking up on down weeks in this case, not horrendous chart
Bakes’ Takes—SPAC’s proceed with caution. If AAPL rolls over markets going to have tough time, #1 stock in SPX, 7.3%, $2.1T market cap
15:15 China vs. Taiwan tensions escalating
Bakes’ Take—Reporters of the Week!
By
Kirk Maltais
and
Will Horner
17:01 Wheat prices have hit their highest level in over five years in reaction to scorching weather, concerns over food insecurity brought on by the coronavirus pandemic and the lockdowns put in place to fight it.
The most-active futures contract for wheat trading on the Chicago Board of Trade closed Wednesday at just over $6.07 a bushel, the highest close for wheat since June 2015. Wheat futures have risen over 15% since Aug. 1, attracting investors who think the price surge could continue.
Dry weather this year has hit wheat-growing areas around the world, including the U.S., Ukraine and Russia.
18:08 Bake’s Take—Good example. Chart guides me to pay attention for other data points. My hope is our community grows and we all come up with off-the-beaten-path ideas we can all profit from.
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Bakes’ Take—Charts/Tweets of the Week!
19:08 Howard Marks’ latest memo. Great illustration.
21:00 Like I said—Bonds suck! Yields up, bonds down, in “safe” part of portfolio.
23: 53 Incredible!
25:54 Huge, unprecedented.
26:08 Biden/Dems—take 10-12% out of next year’s earnings? Doubt all priced in 27:15 Bear Traps Report
31:21 The Hustle 10/8/20
Please also subscribe to my Bakes’ Takes YouTube Channel, the audio is the same but the charts that I reference are on the screen. Follow us on Twitter @BakesTakes_ and other social media. Please use your voice memo app, tape your question(s) and email to bakes@bakestakespodcast.com or write if you prefer. I will also keep you anonymous is you’d like.
Thank you for listening, Mike Wilson is my producer.
Have a great week. Bakes
https://www.youtube.com/watch?v=5HKSKzk00ZE 32:21 RIP Eddie Van Halen, no Super Bowl?
Much needed levity—https://podcasts.apple.com/us/podcast/when-are-they-going-to-get-to-the-vietnamese-condom-factory/id1434904509?i=1000493852180 33:17 JRVP—I listen as soon as it appears.
https://www.sho.com/the-comedy-store 33:47 Pryor, Carrey, Seinfeld, Williams…Fascinating and funny!
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