Cash Is King In Multi-Year Recessionary Bear Market | Chance Finucane

Chance Finucane, chief investment officer at Oxbow Advisors, joins Jack to discuss his investment outlook at this current point in the business cycle. Finucane argues that the U.S. is at the beginning of a multi-year economic slowdown that will see corporate earnings dwindle materially across many sectors, and that accordingly preservation of capital is top priority. Finucane and Farley discuss the housing and auto market, outlook on fixed-income and the Federal Reserve, as well as individual stock ideas. Filmed on November 21, 2022. -- Follow Jack Farley on Twitter https://rb.gy/uesguv Follow Forward Guidance on Twitter https://rb.gy/cy0dki Follow Blockworks on Twitter https://rb.gy/igyzsj -- This episode is sponsored by Curve. Curve is unlike any other credit card. It gives you the power to connect multiple credit and debit cards into one, convert your cashback into crypto rewards, Go Back in Time ®, create Smart Rules, and more. Apply now through https://link.curve.com/forward_guidance, you’ll earn $20 in Curve Cash after your first transaction. So sign up today! Terms and conditions apply. -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw Market commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos -- Timestamps: (00:00) Introduction (00:26) Outlooks on Growth and Inflation (02:39) The Housing Market Recession (05:33) The Auto Market (08:05) General Investment Outlook (10:49) MegaCap Tech Stocks (13:19) Banks and Other Financial Stocks (14:15) Fixed-Income Outlook (16:49) Is Sentiment Too Bearish? (19:34) How Much Will Corporate Earnings Grow In 2023 (if at all)? (22:19) Curve Ad (23:21) How High Will The Fed Hike Interest Rates? (27:09) Municipal and Investment Grade Corporate Bonds (28:34) Even More Bearish Than Summer 2022 (33:16) Long-Duration Treasurys (34:41) Sectors and Individual Stocks (36:31) Will Companies Be Able to Pass Costs Onto Consumers In 2023? (42:56) Energy (44:32) About Oxbow -- Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.