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The Contrarian Investor Podcast


Apr 5, 2024

This podcast episode was recorded Friday, March 29, 2024 and made available to premium subscribers the next trading day. To become a premium subscriber and take advantage of a host of other benefits, visit our substack.

Enrique Abeyta of HX Research rejoins the podcast to discuss his (constructive) views on the stock market, why commercial real estate concerns are overdone, and to provide one stock pick -- and it's not Nvidia, though he does discuss that at some length.

Some mature language is used at a few points. Sensitive listeners should be advised. 

The guest's microphone setup is significantly better than the host's so don't get discouraged by the host sounding like he's hiding in a cave at the open.

Content Highlights
  • Trends are underrated. Many investors don't respect them or understand what they mean. The current trend is clearly long-term bullish for stocks (2:21);
  • However over the short term there could (probably will) be a pull back -- as appears to be happening the week after recording (5:24);
  • On the whole, however, the outlook is very constructive. So constructive that the guest has only seen this clarity 10 times or less in his 30-year career (12:30);
  • When it comes to the Federal Reserve, there is a strong possibility interest rate policy stays roughly the same... (15:36);
  • Contrarian take: there's no need to worry about commercial real estate: (19:00);
  • Regional banks presented an opportunity a year ago. New York Community Bancorp (NYCB) is not an opportunity now (23:54);
  • Views on Nvidia (NVDA): not super constructive (28:20);
  • One long term idea: Independent power producer Talen Energy (TLNE), owner of a nuclear power plant. The company recently emerged from bankruptcy (34:51).
More on the Guest