XLB - Jared Dillian On Market Sentiment And Private Equity's Big Bubble

2024-03-20 14:15:00 ET

Summary

• Private equity is experiencing a bubble, with high multiples and absurd valuations.
• The Fed wants to cut interest rates and add liquidity before the US election, but the market is not cooperating.
• Investors should avoid leveraged ETFs due to their complicated mathematics and tendency to lose value over time.

Listen here or on the go via Apple and Spotify .

Jared Dillian shares why he focuses on market sentiment (2:30). Private equity's systemic risk (5:30). The Fed wants to cut interest rates and add liquidity before the US election, but the market's not cooperating. No clear signal on bonds (7:35). Why investors should avoid leveraged ETFs (11:00). How to think about the market's 2nd half of 2024 (14:55).

Transcript

Rena Sherbill: Jared Dillian, welcome to Seeking Alpha. Great to have you on the show. Thanks for making the time.

Jared Dillian: Yeah. Thanks for having me. Appreciate it.

RS : Yeah. It’s great to have you on Seeking Alpha. Great to have you on Investing Experts. Would you share with listeners a little bit about your background for those who don't know you, for those who haven't heard, and then summarize or articulate how you're looking at the markets and what you're thinking about there?

JD : Yeah, I first started my career on Wall Street in 1999. I was a clerk on the P. Coast Options Exchange for a couple years. I was getting my MBA part-time at the University of San Francisco. And after that, I got hired by Lehman Brothers. I was working in equities. I did index arbitrage for three years. And then I was Head of the ETF trading desk from 2004 to 2008 until the bankruptcy. Had a great career at Lehman. It was fantastic. Did really well....

For further details see: