Legendary trader Peter Borish, president of the Computer Trading Corporation, joins Julia La Roche on episode 97. In this episode, Peter shares his macro outlook, and why we’re in the early stages of a longer term rising rate cycle. He also revisits his time working with Paul Tudor Jones at Tudor Investment Corp, the 1987 stock market crash and its aftermath, and some of the lessons and principles he’s learned over the years.
Links:
https://twitter.com/pborish
https://www.linkedin.com/in/peter-borish-bb54119/
00:00 Intro
0:43 Macro view
2:30 This really isn’t the 70s
4:55 More like post WWII
7:14 Tax rate
8:42 Debt
11:38 Implications of higher rates
13:50 We’ll see wages go up more
14:53 S&P likely to move down from here
16:10 Difference between cautious/bearish
17:15 Concern is making policy mistakes
18:30 More on the markets
21:03 Risk management
23:10 Learning from mistakes
25:00 You have to trade your own personality
27:30 Advice for young people
29:50 1987 Crash
35:00 Robin Hood Foundation
38:00 Assessment of New York City today
40:30 Return to office
42:00 Brady Commission
44:40 Paul Tudor Jones
48:30 Parting thoughts
#139 'Dr. Doom' Nouriel Roubini On The 10 Megathreats That Could Destroy Our Economy
#138 Peter Mallouk, CEO of $245B Creative Planning: 'It’s Hard To Be Anything But Optimistic Over The Long Run'
#137 Professor Campbell Harvey, The Inventor Of The Most Famous Recession Indicator — The Inverted Yield Curve — Sees Economic Slowdown In 2024
#136 Professor Jeremy Siegel Shares Outlook For The Economy, Fed Rate Cuts, And The Stock Market
#135 Chris Whalen On Pain In Commercial Real Estate, More Bank Failures, And A Maxi Reset In Home Prices In The Future
#134 Luke Gromen: A Hard Landing Isn't Going To Come In Stocks. It Will Come In Treasuries
#133 Jim Bianco On Why The 10-Year Treasury Yield Could Hit 5.5%, Implications For Stock Market, And Concerns About The Bitcoin Spot ETF
#132 Morgan Housel: Save Like A Pessimist And Invest Like An Optimist
#131 Sallie Krawcheck: Nothing Bad Happens When Women Have More Money
#130 Dr. Charles Calomiris On Fiscal Dominance And The Return of Zero-Interest Bank Reserve Requirements
#129 Fundstrat's Tom Lee, Analyst Who Nailed The 2023 Stock Market Rally, Shares His 2024 Market Outlook
#128: Felix Zulauf: 'Hell Will Break Loose' — The Next Big Crisis In Late 2020s Will Be A Shocker
#127 Grant Williams: Get Rid Of Certainty — Be Prepared For A Recession And A Soft Landing
#126 Liz Ann Sonders On The 2024 Market Outlook, A Different Investing Environment, And Why You Can’t Rule Out A Recession
#125 Jason Calacanis On American Society And Getting Past The Victim Mentality, Friendship With Elon Musk And Owning The First Tesla Model S, The All-In Podcast And Leaving Millions On The Table
#124 Michael Howell: Rising Liquidity, Monetary Inflation, And Why Gold Could Surge To $3,000
#123 Cullen Roche On Inflation, Why The Fed Won't Cut Rates Soon, And Is The S&P 500 Broken?
#122 Charles Payne On The Bifurcated Economy, Being An Unbreakable Investor, And The Roaring 2020s
#121 Raoul Pal: Get Ready For ‘Macro Summer’ — Falling Rates, Falling Inflation, And Growth Picking Up
#120 Dr. Gary Shilling On Recession Risk, Inflation, Rate Cuts, And Bonds
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