Episode Details

Rebecca Hotsko chats with Chance Finucane, who is a partner, and Chief Investment Officer at Oxbow Advisors. They discuss Chance’s current outlook for the market and economy for 2023, why he expects a recession sometime in 2023, what’s driving investors’ complacency in the market, and much more!

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

02:41 - Why Chance expects a recession sometime in 2023 and the stock market to decline by about 20%. 

03:55 - What’s driving investors’ complacency in the market, despite being so pessimistic. 

07:43 - What a Fed Pivot means for the stock market and the economy. 

10:54 - Which leading indicators Chance is relying on to help inform his investment decisions. 

11:51 - What would be the catalyst to cause investors to start selling. 

12:52 - Why Chance thinks the defensive sectors are the most overvalued parts of the market still. 

24:34 - The sectors that typically outperform coming out of a recession. 

24:34 - How much the stock market would drop if earnings downgrade as expected. 

26:21 - What Oxbow’s investment process looks like for their high growth equity strategy. 

27:58 - Why he thinks earnings estimates are still too high for 2023. 

30:20 - Why Google is one of their biggest holdings for their equity strategy and looks attractive at today’s price. 

31:32 - Which tech stocks he thinks are undervalued and overvalued at today’s prices. 

42:10 - Why Chance is still bullish on energy long term despite recently reducing some exposure to positions.

48:27 - Why he thinks this next decade could be more like the 1970s with waves of inflation. 

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

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• Related Episode: Listen to MI231: History's Biggest Financial Bubble w/ David Hay, or watch the video.

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