Nov 3, 2025
Derek Moore is joined by Mike Snyder to discuss the Hindenburg Omen and what that means for the stock market. Plus, looking at whether the Tariff trade has been completely wrong. Later, the best six months of the year are here, problems with using CAPE Ration to predict forward returns, permabears, and examining whether MicroStrategy (Strategy) is starting to not make sense to investors. All that plus looking at Semiconductors cycle against the Mag 7 and the S&P 500 Index.
Tariff trade
MicroStrategy (Strategy) vs Bitcoin trade
Enterprise value of MicroStrategy vs intrinsic value of their Bitcoin holdings
What is the CAPE Ratio?
CAPE Ratio and forward 10-year and 12-year returns
Earnings multiples
John Hussman 12-year forward expected returns
What are the best six months of the year
Federal Reserve Obfuscation Index
Semiconductors broke out “after going nowhere for over a year”
Mentioned in this Episode
Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT
Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt
Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag
Contact Derek derek.moore@zegainvestments.com