Core Insights - Bitcoin's risk-adjusted performance, as measured by the Sharpe Ratio, is declining to historically low levels, indicating market stress and potential risk repricing [1][2][4] - Analysts express concerns that the current downturn may lead to deeper losses and a broader bear market phase [1][4] Bitcoin Sharpe Ratio Analysis - Recent data from CryptoQuant shows Bitcoin's Sharpe Ratio has approached zero, a level typically associated with high uncertainty and weak returns [2][3] - Historical patterns indicate that previous collapses in the Sharpe Ratio in 2019, 2020, and 2022 were followed by extended corrective periods [4][6] - The current low Sharpe Ratio suggests that while the immediate outlook is uncertain, it may signal the early stages of improving future returns if price conditions stabilize [6][7] Investor Behavior - The decline in the Sharpe Ratio coincides with a modest re-accumulation among larger Bitcoin investors, as indicated by an increase in wallets holding at least 100 BTC by 0.47% since November 11, adding 91 new mid-sized whale addresses [8] - This uptick follows a period of declining balances among the largest holders, with wallets holding more than 1,000 BTC decreasing steadily [8]

When the rally in TMT stocks turned into a bubble in 1998/99, we encouraged investors to avoid the hype and focus on tried-and-true strategies for wealth building. We began a monthly strategy screen that focused primarily on two characteristics: quality and dividends. Content continues below advertisement We didn't object to people wanting to speculate, after all speculation is a necessity within every functioning financial market, but speculation should not dominate most well-structured wealth-building por ...

My followers know that I am a contrarian investor by heart. I have a high tolerance for risk and a long-term investment horizon. I believe that when fear or short-term discontent is driving the market, going againstI'm Luuk Wierenga, an economics teacher from the Netherlands with a strong passion for income investing. My investment journey began during the COVID-19 pandemic, and since then, I've specialized in identifying Real Estate Investment Trusts (REITs) that are temporarily out-of-favor with Mr. Marke ...

Buy the Dip - traffic sign messagegettyWhat a time to be a contrarian!The economy is en fuego as AI boosts productivity (even if, yes, it’s cooling payrolls). Yet the mainstream crowd is hunkered down, terrified of an AI bubble.That sets up some very attractive deals in 8%-paying closed-end funds (CEFs), many of which have gone on sale in the last few weeks.2 “North Star” CEFs Show Us What to Do NowTo get a feel for the setup in front of us, all we need to do is look at two things.First, the Atlanta Fed’s G ...

Group 1 - The article discusses the investment strategy focused on identifying Real Estate Investment Trusts (REITs) that are currently undervalued in the market [1] - The investment approach is characterized as long-term, contrarian, and deep-value, emphasizing the importance of fundamental economic insights to assess intrinsic stock value [1] - The author has exited a deep-value position in ONL due to refinancing risks and is awaiting a clearer path for the company before considering re-entry [3] Group 2 - The article does not provide any specific financial data or performance metrics related to the companies mentioned [2][3]

What a time to be a contrarian! The economy is en fuego as AI boosts productivity (even if, yes, it's cooling payrolls). Yet the mainstream crowd is hunkered down, terrified of an AI bubble. That sets up some very attractive deals in 8%-paying closed-end funds (CEFs), many of which have gone on sale in the last few weeks. 2 'North Stars' Show Us What to Do Now To get a feel for the setup in front of us, all we need to do is look at two things. First, the Atlanta Fed's GDPNow indicator, the most current econ ...

Core Insights - The current market environment is characterized as a "golden age of active investing," driven by mispricings and opportunities in smaller market cap securities and international stocks [10][14][61] - There is a significant disparity in market capitalization among the largest companies, with some reaching valuations of over $4 trillion, while smaller companies like American Airlines have market caps around $15 billion [12][13] - The focus on free cash flow yields is emphasized, with many large-cap tech companies exhibiting low yields compared to smaller or undervalued companies [19][90] Market Trends - Active investing has gained traction since 2020, largely due to the dominance of large-cap technology companies and the distortions caused by passive investing [10][11] - International markets, particularly in Europe, have shown strong performance, with the Italian ETF up 52.7% this year, indicating opportunities outside the U.S. [14][57] - The S&P 500's P/E ratio is currently around 31, which, while high, is not unprecedented compared to historical peaks [35][36] Investment Strategies - The strategy of being contrarian is highlighted, suggesting that investors should look for mispriced opportunities and consider free cash flow yields as a critical metric for investment decisions [9][89] - REITs, particularly Realty Income, are suggested as potentially undervalued due to a long period of underperformance, setting the stage for future gains [32][34] - The importance of starting valuation is reiterated, with a focus on companies that have high free cash flow yields as attractive investment opportunities [94] Valuation Metrics - Price-to-sales ratios are discussed as a key valuation metric, with many companies trading at multiples significantly above historical norms, indicating potential overvaluation [45][46] - The current market environment shows a bifurcation where some stocks are highly valued while others remain undervalued, suggesting a need for careful selection [47][61] Macro Economic Factors - The U.S. dollar's performance is noted as a significant factor influencing market dynamics, with a weaker dollar benefiting international investments and commodities [85][86] - The potential for interest rate cuts by the Federal Reserve is anticipated, which could impact various sectors differently, particularly those reliant on economic growth [68][71]

The biggest magnet for retail investors was Tata Consultancy Services (TCS) came next, attracting retail purchases worth ₹4,531 crore, followed by Suzlon Energy, Together, these ten companies accounted for more than ₹18,000 crore of retail inflows, showing that India’s individual investors remain unfazed by market volatility and are willing to mix conventional names with emerging growth stories.The data also shows that retail investors were heavy sellers in some market heavyweights, particularly financials ...

Core Insights - The week ended with some respite for investors, but uncertainty remains as dip buyers are countering sellers who have been dominant recently [1] Group 1: Investment Strategy - JR Research is recognized as a Top Analyst by TipRanks and Seeking Alpha, focusing on technology, software, and internet sectors [1] - The investment approach emphasizes identifying attractive risk/reward opportunities supported by strong price action to potentially generate alpha above the S&P 500 [1] - The strategy involves avoiding overhyped and overvalued stocks while targeting battered stocks with significant recovery potential [1] Group 2: Investment Group Focus - The Ultimate Growth Investing group specializes in identifying high-potential opportunities across various sectors [1] - The focus is on growth stocks with robust fundamentals, buying momentum, and turnaround plays at attractive valuations [1] - The investment outlook is typically set for 18 to 24 months for the thesis to materialize [1]

Second fiddle to the AI race? Well, the key takeaways from the recent investor day held by Advanced Micro Devices, Inc. ( AMD ) have clearlyJR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He ...