BITO - Fed Trader Talks TLT Nvidia Bullishness Tesla Bearishness And Bitcoin Neutrality

2024-05-20 14:45:00 ET

Summary

• Fed Trader's Chaim Siegel believes that the fundamentals of the market, including earnings and the economy, are good and that the market will continue to be bullish.
• He sees the Fed's stance on interest rates and inflation as key drivers for the market, and believes that as long as inflation remains around 0.3%, the market will be fine.
• Siegel is bullish on Nvidia as a key player in the AI industry, but bearish on Tesla due to slowing revenues and lower margins. He believes Tesla needs to figure out Full Self-Driving to drive future growth.

Listen here or on the go via Apple Podcasts and Spotify

Fed Trader Chaim Siegel talks market building blocks to keep investors sane (1:00). Inflation, TLT, bond yields and treasury market (11:00). How recent earnings figure into macro picture (15:05). Nvidia upside and AI hype (17:40). Tesla bearishness; negative sentiment (27:05). Thoughts on geopolitics, oil and the energy sector (35:20). Gold and bitcoin (38:55).

Transcript

Rena Sherbill: Chaim Siegel, welcome back to Investing Experts. It's always great to have you on Seeking Alpha. Thanks for making the time and talking to us.

Chaim Siegel: My pleasure. Thank you, Rena.

RS : Yes, it's a pleasure to have you on. You've been on before. The listeners know you. You run Fed Trader . Oftentimes, you're on here talking about macro topics. Sometimes, you're on here talking about stock-specific topics.

Here we are in the, almost the middle of the year. We're in the middle of May 2024. You were talking about how you were going to be bullish with some caveats at the very beginning of -- or at the end of last year, you were talking about this year. How are you thinking about the markets based on how you were seeing them previously, and how are you thinking about them currently?

CS : Yeah. So, thank you for having me. It's always a pleasure. I just want to backtrack, and I don't think I'm doing something so fancy or anything. I think I'm just doing basic pro-trader look at the market, markets moving up, markets moving down, and keeping things simple based on a few simple data and facts that I constantly follow. And sometimes, I feel like the market gets swayed by the media or different news.

And I think that there's a couple of building blocks. I'm just getting to your question, a couple of building blocks that can keep you sane in following the market and not get you crazy. One is fundamentals. Two is technicals. And maybe under technicals, or maybe its own category, I call action. So, fundamentals, are earnings moving up? Is the economy doing well, right? That's its own thing. Is the Fed getting in the way or not? Or is the Fed letting the economy go? That's all called fundamentals, right?...

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