The Stock Market is Expensive with Ted Oakley

Original Interview - 20th of February, 2024
On this episode of the WTFinance podcast I had the pleasure of speaking with Ted Oakley for a third time. Ted is the Founder and current Managing Director of ‪@OxbowAdvisors‬.
During our conversation we spoke about Ted's thoughts on the market, why we could have reached a market top, what mistakes the FED have made, the divergence between main & wall street and more. I hope you enjoy!
0:00 - Introduction
0:47 - What is Ted seeing in the markets?
1:48 - Negative news currently coming out?
2:33 - Did the FED make a mistake in October?
3:54 - What do market tops look like?
5:34 - Hard to imagine more fiscal support
6:17 - How should FED act?
7:22 - Where does Ted see markets in 3-6 months?
9:27 - Was 2022 a bear market?
11:44 - Was the last year a bull market?
12:54 - Main street struggling while Wall Street thriving
14:27 - How has consumer kept head above the water?
16:27 - Largest companies continuing to grow, is this time different?
19:07 - What would Ted see to change perspective on bull market?
21:25 - What would Ted own?
22:34 - Concern of oil saturation?
24:03 - Where will economy be in 2025?
26:01 - Does Ted take into account the election?
28:27 - One message to take away from our conversation?
Ted Oakley is Managing Partner and Founder of Oxbow Advisors. With more than forty years of experience in advising high net worth clients in the investment industry, Oakley implements the firm’s proprietary investment strategies and the “Oxbow Principles” to provide a unique investment perspective. He is a frequent guest on FOX Business News, Bloomberg Radio, KITCO News, Cheddar TV, Yahoo Finance, and many more.
Mr. Oakley is a Chartered Financial Analyst (CFA) and a Certified Financial Planner (CFP). He is a member of the Austin Society of Financial Analysts. He is also a Partner of Herndon Plant Oakley Ltd., an investment company. He is a Board Member of Texas State Aquarium, American Bank, and American Bank Holding Company. Mr. Oakley is a United States Army Veteran.
Mr. Oakley began his career in Dallas, Texas, over 35 years ago. He is the author of nine books: You Sold Your Company, $20 Million and Broke, Rich Kids Broke Kids - The Failure of Traditional Estate Planning, Crazy Time - Surviving the First 12 Months after Selling Your Company, Wall Street Lies, Danger Time, My Story, The Psychology of Staying Rich, and Your Money Mentality.
Mr. Oakley’s primary philanthropic interest is helping children. He is Chairman Emeritus and Founder of the Foster Angels of South Texas, the largest foster child foundation in South Texas, as well as Chairman Emeritus and Founder of Austin, Texas-based Foster Angels of Central Texas. Also, President and Founder of Advocates for Foster Children Foundation.
Ted Oakley -
Website - oxbowadvisors.com/
Twitter - / oxbow_advisors
LinkedIn - / ted-oakley-08444a32
KZbin - @OxbowAdvisors
WTFinance -
Spotify - open.spotify.com/show/67rpmjG...
iTunes -podcasts.apple.com/us/podcast...
LinkedIn - / anthony-fatseas-761066103
Twitter - / anthonyfatseas
Thumbnail image from - diaqnoz.az/?m=will-the-stock-...

[@WTFinancepodcast]

Do you agree with Ted's that markets are expensive or do you think we the current euphoria will continue?

[@JamesG1126]

Nasdaq is up 60% in the last 16 months. P/E's aren't that high. Ted missed this run because he timed the market badly. He needs a crash to be vindicated.

[@MJLU280]

Small caps are dirt cheap. So are value stocks. Many sectors to buy other than AI stuff

[@WTFinancepodcast]

@@JamesG1126 when you say PE’s aren’t that high, what is your baseline and comparison? Seems as if they’re quite high to me

[@WTFinancepodcast]

@@MJLU280 are the fundamentals behind many of these small/value stocks strong?

[@steveswenson1902]

Grounded conversation

[@WTFinancepodcast]

Thanks for watching, glad you got some value from it!

[@petergozinya6122]

I love Teddy. Great show 👍👍

[@WTFinancepodcast]

Agreed, he is great! Thanks for the kind words, very much appreciate it.

[@somejohndoe3004]

Great guest, great interview, value content. Thanks for the show, enjoyed it a lot. 🙏

[@WTFinancepodcast]

Thanks so much, appreciate it!

[@MartinJG100]

11:15. Absolutely right, Ted.

[@WTFinancepodcast]

Thanks for watching!

[@austinwalin9435]

Great work man! Keep grinding and doing great work 💪🏻

[@manfredh.7460]

„Tough lesson“: I remember 2000, when I told everyone, whether they wanted to hear it or not, how easy it was to make a lot of money in the stock market, and I still feel the pain. But it came from a different direction: I still have not regained the openness and blind faith, which has still prevented me in the last few years from jumping into the markets and make a lot of money, always thinking things could go down very quickly. So listen carefully to the warnings of this wise man.

[@j.t.3872]

I saw it in 1987 and 2000. The stock market can drop at an astonishing rate! You wake up in the morning and .... its gone.

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is still following this very important and informative content cheers Frank 😊

[@WTFinancepodcast]

Thanks for still following Frank!

[@grantw7946]

I hear David Rosenberg in Ted's words. But I think that Japan is expensive also. Maybe not the emerging markets, ex china of course. Can believe some mutual funds consider china to be part of emerging markets. Maybe an emerging strategic threat.

[@WTFinancepodcast]

I personally see small caps in EM ex China quite interesting, seems to be where a lot of earnings growth will come from in the coming years. Thanks for watching.

[@GoodGolden]

I can't stand Anthony but love Ted Oakley, so I'll watch it.

[@petergozinya6122]

I think Anthony does a great job. He gets knowledgeable guests, asks them interesting questions and allows them to speak without interrupting them. Is it possible that you’re just a cranky unhappy person who wakes up each morning looking to tear other people down ?

[@WTFinancepodcast]

Thanks for watching, at least you like one of us!

[@WTFinancepodcast]

@@petergozinya6122 thanks for the kind words and support!

[@LUIS-633BANK]

👨🏽‍💻

[@egyoac]

Is there anything cheap nowadays? :))

[@duanejackson6718]

Oil and natural gas are cheap, natural gas is it a 4-year low, last time it was this low was 4 years prior to that.

[@egyoac]

@@duanejackson6718 XPD is also cheap but don't buy :)

[@dannypowers4995]

Inflation is still very high. I got mt DTV bill this week . It is up 10%. So our government is wrong with their Inflation reports. Lying to us . IMHO

[@grantw7946]

Who wants to stick these head in a Meta AI generated virtual reality helmet or have the brain implant. Certainly not me.