Latest news with #BobElliott
CNBC
6 days ago
- Business
- CNBC
Markets might get surprised if the tariff conflict continues, says Unlimited's Bob Elliott
Bob Elliott, Unlimited CEO and Victoria Greene, G Squared Private Wealth CIO, joins 'Closing Bell Overtime' to talk the day's market action.
Yahoo
7 days ago
- Business
- Yahoo
Stock Market Is Pricing A Never-Before-Seen 'Divergence' As Equities And Bonds 'Run It Hot' Amid Gloomy Outlook By Bottom-Up Analysts
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The financial markets are signaling a remarkably bullish outlook, with both stock and bond markets fully embracing a 'run it hot' trade. However, this aggressive market pricing stands in stark contrast to the pessimistic views held by bottom-up analysts, companies, and economists, according to a recent analysis by Bob Elliott, CIO at Unlimited Funds. What Happened: Elliott, in a detailed X thread, highlights this unprecedented 'divergence' which he has 'never seen' in his professional career outside of typical cyclical Miss: Start investing with eToro's CopyTrader — mirror top-performing traders with no management fees, and receive a $10 bonus when you deposit $100 today. Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today. Following Tuesday's surge in the equity market, market-based pricing of growth expectations has almost entirely recovered its earlier drop this year, now sitting just a few points off highs. As highlighted by Elliott, this sentiment is reflected in large-cap 12-month forward price-to-earnings ratios, which are back near all-time highs at 21x. Concurrently, long-dated real yields have reached their post-COVID cycle highs, and term premiums on closer-in maturities are also approaching their cycle peaks. Despite this seemingly extreme market optimism, the perspective from professionals analyzing data from the ground up paints a far more subdued picture. Economists are forecasting softer growth for the next couple of years. Corporate earnings revisions for U.S. large-cap companies have notably collapsed, reaching their weakest point since the COVID-19 pandemic. Global earnings revisions also remain quite subdued, despite a marginal recent uptick in negativity. Projections for 2025 earnings growth, which are typically skewed positively until just before the period, are currently penciled in at a mere 7%.Why It Matters: According to Elliott, either bottom-up analysts, scrutinizing incoming data, are taking an excessively pessimistic stance, or they are accurate, implying the markets are 'wildly offside.' For macro investors, he suggests, 'making a call on which is right will likely be the make or break trade for the rest of '25.' Read Next: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000. Invest Where It Hurts — And Help Millions Heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold. Photo: Shutterstock Send To MSN: Send to MSN This article Stock Market Is Pricing A Never-Before-Seen 'Divergence' As Equities And Bonds 'Run It Hot' Amid Gloomy Outlook By Bottom-Up Analysts originally appeared on
CNBC
16-05-2025
- Business
- CNBC
AI is the big story that got pushed aside amid tariff uncertainty, says Truist Wealth's Keith Lerner
Bob Elliott, Unlimited Funds CEO, and Keith Lerner, Truist Wealth co-chief investment officer, join 'Closing Bell Overtime' to discuss this week's market action, how tariff uncertainty affected the market, and more.
CNBC
02-05-2025
- Business
- CNBC
This market is the product of sentiment, says The Kobeissi Letter's Adam Kobeissi
Bob Elliott, Unlimited CEO and Adam Kobeissi, The Kobeissi Letter editor-in-chief, join 'Closing Bell: Overtime' to discuss market rally, their outlook for stocks and Fed day.
Hamilton Spectator
28-04-2025
- Business
- Hamilton Spectator
Hedge Funds Down-shifted on Pro-Growth Positions During Q1 2025
NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- Unlimited , an asset management firm and ETF sponsor that uses proprietary technology to provide low-cost, alternative strategies to a variety of investors, today published its Q1 2025 Hedge Fund Barometer, which showed a significant reversal of pro-growth positions in both U.S. equities and corporate bonds over the quarter as well as an increase in bets on gold. According to Unlimited's proprietary technology, hedge fund managers came into the year with relatively low conviction and modest views but subsequently ramped up pro-growth positions including long the U.S. dollar, and credit spread and equity bets in line with increased expectations of U.S. growth from the new administration. The majority of those positions were reversed starting in February with the exception of extending bullish positions on gold. 'Hedge fund positioning shows some of the lowest conviction in the direction of asset prices that we have seen in decades,' said Bob Elliott, CEO and CIO of Unlimited and portfolio manager of actively-managed ETFs. 'Those positions were a dramatic transition from the beginning of the quarter when hedge funds were ramping up their bullish bets on the U.S. economy. The prominence of policy volatility likely triggered managers' reluctance to hold significant directional positions.' Hedge funds eked out modestly positive performance in the first quarter with the mix of sub-strategy returns largely reversing the moves of the previous quarter. Emerging Market funds outperformed meaningfully as Chinese stocks surged meanwhile Equity Long/Short and Event Driven strategies came in weak. 1Q25 Hedge Fund Strategy Performance, Gross of Fees Unlimited's Hedge Fund Barometer showed other notable moves during the quarter included: Click here to view a video on how Unlimited's technology works. About Unlimited Founded in 2022 by Bob Elliott, Bruce McNevin and Matt Salzberg, Unlimited is an investment firm using proprietary technology to create strategies that offer lower-cost access to 2 & 20-style alternative investment strategies, such as hedge funds, to a wide variety of investors. Mr. Elliott has built innovative hedge fund strategies for more than two decades, including at Bridgewater Associates, the world's largest hedge fund. Mr. McNevin is a Professor of Economics at New York University and has held various data science positions at hedge funds Clinton Group and Midway Group, along with positions at Bank of America and BlackRock. Mr. Salzberg serves as a Managing Partner at Material and Board Director of Unlimited. Learn more at . For informational and educational purposes only and should not be construed as investment advice. The data shown herein represents past performance and should not be construed as providing any assurance or guarantee as to returns that may be realized in the future. No representation is being made that any investment will or is likely to achieve profits or losses similar to those shown herein. No investment strategy or risk management technique can guarantee return or eliminate risk in any market environment.
