The Fed Is Hurting My Stocks | The Acquirer's Multiple®

During their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discussed The Fed Is Hurting My Stocks. Here’s an excerpt from the episode:

Bill: My wife said that when I was in Scotland, the amount of leftovers that were in the house were like asinine. She was like, “Do you honestly eat this much?” “Yeah, I kind of do.”

Jake: [laughs] Oh, man.

Bill: “Also, don’t come at me.”

Jake: Yeah. It was revealed what was happening there.

Bill: Yes, that’s right. Oh, well.

Tobias: Let’s talk markets for a moment.

Bill: Let’s do it.

Jake: Yeah.

Tobias: What’s happening? You haven’t been on for a little while, Billy, but I imagine you’re still following all this stuff I see on Twitter.

Bill: Yeah.

Tobias: What happening?

Bill: I follow some.

Tobias: What’s going on?

Bill: I don’t know, I’m underperforming. That I know. So, I’m trying to find out what the Fed is doing to my stocks.

Jake: [laughs]

Tobias: Well, if you don’t hold the centered seven, then you’re underperforming. Are you holding them in the same weight as the market holds them as you are underperforming?

Bill: I even held them. I was overweight Microsoft, and my silly took us– I couldn’t handle having that much of my net worth in it. So, I sold half of it, maybe 30% ago now. So, that’s upsetting. I don’t know, man, strong bid. It looks like industrials have rolled over here a little bit. I guess, oil, I saw today, it’s within 5% of its five-year average, which I was watching a– [crosstalk]

Jake: Is that right? What, at $70?

Bill: $68.

Jake: Yeah.

Bill: $65 is the five-year.

Tobias: I would have thought the five-year was a little bit– I would have put it probably more at like $50, but interesting.

Tobias: The most amazing thing is that, we’ve hiked rates to where they are. Evidently, we could have supported much higher rates than we’ve had for the last 10 years.

Jake: Yeah, but– [crosstalk]

Bill: 1.6 million home starts. That’ll be interesting. I think it’s a blip.

Tobias: That’s a big number.

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