S*** Just Got Real, Earnings Estimates Fall With Nick Colas, Trump’s Argentina Playbook

The Compound and Friends

Josh Brown

News, Business, Business News, Investing

4.8 • 1.9K Ratings

🗓️ 11 March 2025

⏱️ 102 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this TCAF Tuesday, Josh Brown is joined by Nick Colas, co-founder of DataTrek Research, to discuss policy uncertainty, current market sentiment, the divergence in global markets, what an elevated Vix means for the market, minimum volatility strategies, and more! Then, at 37:31, hear an all-new episode of What Are Your Thoughts with Josh and Michael Batnick! This episode is sponsored by Public. Fund your account in five minutes or less at https://public.com/WAYT and get up to $10,000 when you transfer your old portfolio. Sign up for The Compound Newsletter and never miss out: https://www.thecompoundnews.com/subscribe Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews LinkedIn: https://www.linkedin.com/company/the-compound-media/ Public Disclosure: Paid for by Public Investing. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC. Complete disclosures available at http://public.com/disclosures Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Ladies and gentlemen, welcome to the compound and friends. My name is downtown Josh Brown. I will be your host. I want to start by saying thank you to our sponsor, public.com and the public trading app. I use public. So easy. Move money on, move money out. Every asset class, they've got a 6% or higher yield in their bond account. They've got
0:24.3	crypto. They've got stocks. You could do whatever you want there. I want you to check it out for
0:28.2	yourself. It's public.com slash way-t, as in what are your thoughts? That's public.com slash
0:35.4	W-A-Y-T. On tonight's show, we got to talk correction because as of today, we made it official,
0:43.8	a 10% correction from the new record high, the S&P 500 set back in February.
0:51.0	And according to our chief strategist at Ritholts wealth, Callie Cox, this is one of the
0:56.6	fastest 10% corrections ever. So Callie notes, since 1950, there have been 23 corrections that
1:05.4	went down 10% or more. And of those 23, this one is the fifth fastest. It's only taken us 20 days to go from
1:16.2	a record high to a 10 percent drawdown. And that is pretty rare. So I think the good news about
1:23.2	this particular correction, number one, it's very heavily focused in momentum stocks and NASDAQ
1:31.2	tech stocks. So a lot of stocks are down and a lot of stocks are down big and they're not all tech
1:36.9	stocks. But that's really the epicenter of this one. And I think that speaks to positioning and
1:42.7	leverage and some of the ways in which hedge funds
1:45.4	had been riding the rally. And as a result, there are a lot of things that are not correcting
1:51.0	or don't look nearly as bad as the S&P index or as the NASDAQ 100, for example.
1:58.1	The other thing that's going on is you are getting help from your other asset classes
2:02.9	in your portfolio this time.
2:04.2	I couldn't say that in 2022.
2:07.2	The bond market killed you in 2022.
2:09.7	This time, the Barclays Ag, which is like treasuries and high-grade corporates, is up.
2:20.3	When we have these risk-off days in the market, they're buying bonds. And you're getting help there. And again, I could not have said that
2:25.7	three years ago during the interest rate scare bear market that we had. So that's a really
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