Mike Vinokur thinks a market washout could be just two to four
weeks away—and that may be the time to buy. The Portfolio Manager
& Senior Wealth Advisor at Propellus Wealth Partners with iA
Private Wealth has raised cash to nearly 30% in his growth
portfolio as the S&P 500’s double-digit gain masks a much
uglier market underneath. High-quality stocks are down 20%, 30%
and even 40%, and Mike joins Amber Kanwar to explain why he
thinks more pain could be coming before a potentially compelling
buying opportunity emerges. He also breaks down the impact of
higher-for-longer interest rates and why he’s cautious on parts
of the AI trade.
In the Mailbag, Mike weighs in on the pullback in U.S. banks and
explains why he prefers life insurers over expensive Canadian
banks. He looks at whether Blackstone (BX), KKR (KKR) and
Brookfield (BN) have fallen far enough to become attractive,
whether McDonald’s (MCD) is finally getting cheap enough to buy
and what Berkshire Hathaway may see in Lennar (LEN). Plus, after
a 75% collapse in Fair Isaac (FICO), is the stock finally an
opportunity—or still a falling knife?
In Pro Picks, Mike revisits his past ideas Alphabet (GOOGL), Air
Lease and Lincoln National (LNC), including why he sold Google
after a massive run but continues to own Lincoln National. His
new picks are Amazon (AMZN), Uber (UBER) and Talen Energy (TLN),
as he looks for businesses with strong fundamentals, attractive
valuations and enough margin of safety to weather a more
challenging market.
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Timestamps
0:00 Trailer
2:08 Intro
4:01 Why the average stock is struggling
7:10 A washout is coming in the next 2-4 weeks
10:17 High interest rates and the bond market
13:11 How Mike approaches AI stocks
15:44 U.S. banks: correction or opportunity?
19:56 Why Mike is avoiding Canadian banks
22:05 Private equity, KKR, and valuation (BX, KKR, BN)
27:27 Is McDonald’s a value opportunity? (MCD)
32:26 Why Berkshire is buying LENNAR (LEN)
34:47 Toll Brothers and timing the housing market (TOL)
38:44 FICO, Equifax, and regulatory risk (FICO)
43:01 Mike’s past picks: Google, Lincoln National and Air Lease
(GOOGL, LNC)
50:00 New picks: Amazon, Uber and Talen Energy (AMZN, UBER, TLN)
63:28 Closing bell: salsa dancing and travel
Sponsors
Thank you to our partners at ATB Financial. ATB Cormark Capital
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visit https://www.eqbank.ca/
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DISCLAIMERS
The information provided in this podcast is for informational
purposes only and does not constitute financial, investment, or
professional advice.The views expressed by the host and guests
are their own and do not necessarily reflect the opinions of any
organization or company. The host and guests may maintain
positions in any securities discussed on the podcast. Always
consult with a qualified financial advisor or professional before
making any investment decisions.
In the Money delivers expert stock picks, actionable ideas, and
timely money management tips. Hosted by business journalist Amber
Kanwar, each episode features interviews with top portfolio
managers who suggest ways to achieve good returns. Covering
everything from ETFs and Canadian stocks to global investing
trends, dividend strategies, and risk management, this show is
made for DIY investors, stock market enthusiasts, and anyone
looking to sharpen their financial strategy.
Contact: questions@inthemoneypod.com
#IntheMoney #Investing #StockMarket #CanadianInvesting
#FinancialNews
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