Market Wisdom from Eoin Treacy: Investor Psychology, $NVDA and AI
“Most people buy at the top,” says Eoin Treacy, Global Strategist at Fuller Treacy Money. Eoin’s right: in 2021, a year that marked a local market top for US markets, investors added more new money than in the previous 19 years combined.
Eoin spouts wisdom in our chat – suggestions for new investors (especially the importance of mental buckets, which could allow you to participate in a momentum play while even investing contrary to it with another portion of your portfolio), why AI could move to a free model, why Nvidia (Nasdaq: $NVDA) is overpriced, and why equal-weight ETFs are best.
We talked about excessive US government spending – how it’s keeping the US out of a recession, but how a recession may come, which might ding the US dollar.
I also pressed Eoin on specific ideas: he likes gold miners, long-term bond ETF, and Chinese stocks. He thinks the already-hammered work-from-home stocks like Zoom Video Communications (Nasdaq: $ZM) and Peloton (Nasdaq: $PTON) have further to fall.
Click here or on the image below to watch.
This article is for informational purposes only and is neither investment advice nor a solicitation to buy or sell securities. All investment involves inherent risks, including the total loss of principal, and past performance is not a guarantee of future results. Always conduct thorough research or consult with a financial expert before making any investment decisions. Neither the author nor BBAE has a position in any investment mentioned.
