Podcasts by Broken Pie Chart
The Broken Pie Chart Podcast offers fresh looks at investment portfolio management, economics, markets, retirement planning, and more by simplifying and explaining important aspects of financial markets and the economy in easy to understand ways.
Further podcasts by Derek Moore
Podcast on the topic Geldanlage
All episodes
S&P 500 Targets | VIX Index Largest 7-Week declines | Simplifying Synthetic Long Stock with Covered Calls | Labor Force Participation from 2023-12-11T14:27
Derek Moore and Jay Pestrichelli, CEO of ZEGA Financial...
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VIX Index Goes Nowhere | Cheap Puts to Hedge? |Cheaper to Rent Than Buy? | Markets During Presidential Election Years from 2023-12-03T15:11
Derek Moore and Jay Pestrichelli join up to discuss an unchanged VIX and VVIX index. Was our trading platform screen broken? Whether the VIX and VVIX I...
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Dave Ramsey Wrong? | Huge VIX Options Bets | S&P 500 Seasonality | When Does Government Debt Become a Problem? from 2023-11-26T17:01
Derek Moore is back with Jay Pestrichelli
Probability of Recession? | Explaining How US Treasury Bond Auctions Work | S&P 500 Index Member Changes | Option Premium Intrinsic vs. Extrinsic from 2023-11-20T04:34
Derek Moore is back with Jay Pestrichelli, CEO of ZEGA Financial, to review the Goldman Sachs probabili...
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Stock Market Returns After First Rate Cut | Yield Curve Preceding Recessions | Investors Rooting for the Wrong Thing from 2023-11-12T19:17
Derek Moore does a deep dive asking the question why is everyone rooting for the Fed to lower rates? If...
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Option Selling ETFs Boom | Probability of Future Fed Moves | Bad News is Good News on Employment from 2023-11-05T19:01
Derek Moore and ZEGA Financial CEO Jay Pestrichelli ponder whether the Fed is truly done and if the str...
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Correction Territory | No Fear Yet in Markets? | When Does Capitulation Happen in Markets? from 2023-10-29T12:06
Derek Moore and ZEGA Financial CEO Jay Pestrichelli to discuss how despite the correction territory (ma...
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Powell vs. Bond Traders | Option Volatility During Earnings | Mortgage Rate Spread to Treasuries from 2023-10-22T15:21
Derek Moore is back with ZEGA Financial CEO Jay Pestrichelli to discuss whether Jay Powell or bond trad...
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Deep Dive: Can Bonds Recover? | TLT ETF Breakdown |Inflation and the Fed from 2023-10-15T12:20
Derek Moore explains what it would take interest rate wise for bonds and TLT to get back to breakeven o...
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Bond Market Collapse | Oil Price Problems? | Bond Stock Correlations from 2023-10-09T20:59
Derek Moore and Jay Pestrichelli, CEO of ZEGA Financial, observe the destruction in long term treasury ...
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Government Shutdowns&Markets | Short ITM Puts Alternative to Covered Calls | Why Hedging Works from 2023-10-01T16:51
Derek Moore and Jay Pestrichelli, CEO of ZEGA Financial, look at how markets have done during past Government Shutdowns. The S&P 500 Index during, and ...
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Cheap vs Expensive Options | Warren Buffett on Options | Fed Powell Presser from 2023-09-25T10:21
Derek Moore and Jay Pestrichelli, CEO of ZEGA Financial, discussed the fallout in the markets during Je...
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0DTE Options Analysis| Inflation Coming Back? | Strong US Dollar Impact from 2023-09-17T14:24
Derek Moore and Jay Pestrichelli, CEO of ZEGA Financial, talk through the recent CBOE analysis on impac...
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Implied Volatility Deep Dive | Real Interest Rate Yields | The Big Short | Tesla vs Nvidia Volatilities from 2023-09-10T23:18
Derek Moore is back with ZEGA CEO Jay Pestrichelli where they discuss whether higher real yields are an issue for market...
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Recession Predictions Still Wrong? | Synthetic Options | Unemployment Anomalies | Oil Prices Breakout from 2023-09-04T10:44
Derek Moore is joined once again by Jay Pestrichelli, CEO of ZEGA Financial where deep dive into the latest employment n...
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0 DTE Options No Problem? | Jay Powell’s Wyoming Speech Points to More Interest Rate Hikes? from 2023-08-27T16:23
Derek Moore is joined by Jay Pestrichelli, CEO of ZEGA Financial, to discuss the Bank of America piece saying maybe Gold...
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Everyone Wrong on Interest Rates | What Fed Funds Probabilities Really Mean from 2023-08-23T12:53
Derek Moore discusses how everyone seemed to get the direction of rates across the yield curve wrong. How adding duratio...
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S&P 500 Forward PE Valuations vs Future Returns | Volatility in Stock&Option Markets from 2023-08-13T15:14
Derek Moore and Jay Pestrichelli return this week to discuss what current forward PE rations and whether that informs fu...
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US Debt Down Grade Effects | Interest Rates Effect on Option Prices | US Treasury Yield Curve Dis-inverting? | US Debt Massive Expansion from 2023-08-06T17:14
Derek Moore and Jay Pestrichelli are back at it discussing how higher interest rates have impacted the price of call and...
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Cheapest (SPX) PUT Protection You've Ever Seen? | S&P 500 Index Rebalancing | Bank of Japan Hawkishness from 2023-08-01T11:54
Derek Moore responds to a Bloomberg chart highlighting how cheap protective puts are right now according to Bank of Amer...
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Why Crash Predictions Don’t Help | What Does the Market Fear? | Confusing Market Data | 11th Best Start to the Year from 2023-07-23T16:44
Jay Pestrichelli checks in with Derek Moore to discuss people that always predict horrible market crashes are coming and...
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Does Inflation Matter? | Make More by Losing Less? | Volatility and Cost of Hedging | Someone Buys a lot of VIX Calls from 2023-07-15T22:32
Derek Moore is joined once again by ZEGA Financial CEO Jay Pestrichelli to debate whether inflation still matters to the market. Plus, even though stocks like META are ...
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Short Sellers Give Up? | The Case for Interest Rates to Stay High for Longer from 2023-07-10T12:57
Derek Moore points out that no, the Fed doesn’t need to lower rates without some problem or a recession. Looking at the nineties when markets went up despite Fed Funds ...
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Nasdaq 100 Index Strong First Half Equals Strong Second Half? | Overbought or not? | Trying to Guess the Forward PE Multiple Is Hard! from 2023-07-03T22:29
Derek Moore and ZEGA Financial CEO Jay Pestrichelli comment on Bloomberg’s article showing the Nasdaq 100 Index just had...
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Fear and Greed Index | Volatility Surface | Put Call Ratio | Wall Street Gets Bullish | Homebuilders Surprise from 2023-06-26T13:29
Derek Moore and ZEGA Financial CEO Jay Pestrichelli talk about CNN’s Fear and Greed Index and whether it’s a good indicator for markets. Then they explore differences i...
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Bear Market Rally or New Bull? |The Fed Talks Tough but Does Nothing | PE Like its 1995 from 2023-06-18T15:13
Jay Pestrichelli is back with Derek Moore to discuss Jay Powell’s tough talking but no action Fed. Plus, is this a repeat of the 1994-1995 forward PE expansion bull mar...
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Fund Flows into Tech go Parabolic | Was Everyone Wrong on International Markets? | Auto Dealership Profits from 2023-06-11T16:37
Derek Moore and Mike Puck from ZEGA Financial discuss how unlike what all the “experts” thought, international stocks have done quite well, and Europe’s economy held up...
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Cheaper to Rent than Buy? | Beneish-M Score Near Market Highs? | Top 10 Market Cap Companies by Decade | VIX Level Makes Multiyear Low from 2023-06-04T19:01
Derek Moore and ZEGA Financial CEO Jay Pestrichelli explore data showing its cheaper to rent vs. buying a home in all but 3 markets. Then they bring up the WSJ article ...
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AI Is the New Crypto&Blockchain Post Nvidia Earnings | Reach for Long Duration Bonds | More Fed Rate Increases Coming? | 7% Treasury Bills? from 2023-05-28T18:34
Derek Moore and ZEGA Financial CEO Jay Pestrichelli have a lively discussion on whether AI is supplanting Crypto and Blockchain as the new thing. Then they point out fu...
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AI Driving Market Returns? | Size of Top 2 S&P 500 Stocks Now 15%? | Relative Performance of Tech vs S&P 500 Index at Extreme Levels from 2023-05-21T17:09
Derek Moore and ZEGA Financial CEO Jay Pestrichelli do it again. That’s right they talk about AI but this time around how it may be driving Mega Cap Tech performance re...
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US Default Chances Overblown? | Option&Bond Markets Not Showing Fear | Chat GPT AI Research 1979 US Debt Default | Short Sale Ban? from 2023-05-14T14:17
Derek Moore and ZEGA Financial CEO Jay Pestrichelli discuss whether the option markets via Volatility Indexes are underrating potential market turmoil. Plus, they debat...
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Dividend Deep Dive | ChatGPT AI Fed Research | Do Markets Go Up After Fed Pauses? from 2023-05-07T16:59
Jay Pestrichelli is back on with Derek Moore where they do a deep dive into dividends. There are a lot of misconceptions around things like total return vs price return...
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ChatGPT Investment Advice? | Too Much Money Causing 1m/3m T-bill Spread? from 2023-04-30T17:16
Derek Moore poses some investment questions to ChatGPT, is it helpful? Instances where ChatGPT is wrong. Then, looking at the bulk of Q1 2023 earnings releases and what...
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Weird Bond Yield Stuff Happening | New 1 Day VIX Index? from 2023-04-22T16:53
Derek Moore and ZEGA CEO Jay Pestrichelli are back again to discuss the CBOE launching a new 1 Day VIX Index and what it means in relation to the viability of the tradi...
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Debt Ceiling Risk | Recession Signals | 10/3 Yield Curve Inversion from 2023-04-16T17:19
Derek Moore and ZEGA CEO Jay Pestrichelli are back again to discuss Cam Harvey’s 10/3 Yield Curve Inversion and its track record. What it has meant and can mean going f...
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Can The Fed Fail? | Q1 Winners Surprise the Crowd from 2023-04-09T12:16
Derek Moore and ZEGA’s Mike Puck are paired once again to talk about markets and the economy. They discussed how Q1 asset class winners and losers weren’t what many tho...
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One Thing No One Ever Talks About within the S&P 500 Index | FANG Stocks 1 Rest of Market 0 from 2023-04-06T16:41
Derek Moore and ZEGA CEO Jay Pestrichelli are back together to debate the dollar, markets, earnings, and more. Plus, they discuss one aspect of S&P 500 Index estimates ...
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Fed Tightening and Easing All at Once? | How Wrong Were Analysts on Earnings? from 2023-03-26T10:02
ZEGA CEO Jay Pestrichelli rejoins Derek Moore to talk Jay Powell and the Fed seemingly tightening and loosening all at o...
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Is Warren Buffett Right on Stock Buybacks? Bank Failures and the FDIC from 2023-03-18T20:48
Derek Moore is back with Mick Puck to discuss the Warren Buffett quote excoriating opponents to share buybacks. Why buyb...
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Sequence of Recessions&Slowdowns | Dividends Make a Comeback? from 2023-03-12T16:23
Jay Pestrichelli, CEO of ZEGA Financial, joins Derek Moore again to discuss markets going higher even when earnings decl...
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US Debt Bomb&Interest Rates | Brewing Auto Loan Problem for Consumers? from 2023-03-05T17:31
Jay Pestrichelli, CEO of ZEGA Financial, joins Derek Moore again to discuss whether this current bear market is tracing ...
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Underperformance of International Stocks | Valuations Still Too High? from 2023-02-26T17:11
Derek Moore is back with Mike Puck, Director of Business Development at ZEGA Financial to talk underperformance of international stocks and how “everyone” is saying thi...
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No Volmageddon 2.0 | No Landing for the Economy? from 2023-02-19T17:04
Derek Moore is back with ZEGA Financial CEO Jay Pestrichelli to discuss recent discussion on 0 DTE (zero days to expiration) options and potential for a new Volmageddon...
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Now Everyone Is Bullish? | Shocking Impact of Missing Just the 2 Best Days Each Year from 2023-02-12T20:07
Derek Moore is back with ZEGA Financial CEO Jay Pestrichelli to discuss how AFTER the market ran up in January people are bullish according to the new AAII Individual I...
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Scenario No One Is Talking About | Bond Spreads Above Fed Funds Smallest Since 2007 from 2023-02-05T21:19
Derek Moore is back to talk about the one thing no one seems to think is a possibility with interest rates. Plus, why the tightening of the triple BBB corporate...
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Are We Already In a Recession? | Markets Are Smarter Than Everyone | Picking Stocks Is Really Hard! from 2023-01-29T18:07
Derek Moore and Mike Puck discuss the upcoming Fed meeting and whether rates will stick around at higher levels for a while despite general estimates for lower ...
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Max Bearish? | Earnings Declines Don’t Mean Falling Stocks? from 2023-01-23T11:52
Jay Pestrichelli, CEO of ZEGA Financial and Derek Moore are back to talk Netflix earnings, why earnings declines don’t necessarily mean falling stock prices, wi...
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Value vs. Growth | Dividends Historically 40% of S&P 500 Total Returns from 2023-01-15T15:49
Derek and Mike Puck, ZEGA Director of Business Development, discuss whether Value will have a period of outperforming Growth. How Value and Growth have experien...
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Yield Curve Inversion False Signal? | Competing Economic Data Points | About to Get Earnings Tsunami from 2023-01-08T10:46
Jay Pestrichelli, CEO of ZEGA Financial and Derek are back to talk about how there is conflicting bullish and bearish data in the economy. Jobs data vs manufact...
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Will We Have a New All-time High in Markets? | T-bills Outperform Equities? from 2023-01-04T04:11
Derek is back with the first show of 2023. On this week’s episode, looking at successive negative market years frequency and returns by decade. Hint, we’re stil...
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2023 Predictions | Markets and the Economy from 2022-12-22T22:45
Jay Pestrichelli, CEO of ZEGA Financial, is on a special 200th episode of the Broken Pie Chart Podcast to go over their predictions for 2023. Will we...
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1994-95 All Over Again in Markets? from 2022-12-21T12:16
What’s the saying, history doesn’t repeat itself but often rhymes? In 1994 the Fed was raising rates all the way through the Feb 1995 meeting. How does that per...
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Enough Fed Pivot Talk! from 2022-12-12T14:00
Every time you tune into CNBC you hear predictions about when the recession will hit. Then, when the Fed will pivot. But are people focused on the wrong things?...
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Bearish Wall Street 2023 Targets | Fed Wants You To Lose Your Job? from 2022-12-06T12:17
Last week the payroll and unemployment numbers came out. They surprised to the upside but does the Fed really want people to lose their jobs? How are the unempl...
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M2 Money Supply Shrinking vs Inflation | Money Velocity Irrelevant? from 2022-11-30T13:58
Last week CNBC had some talk about 2022 likely to have the first ever decline in the M2 Money Supply. Is that really a big deal given 2020 record 25% growth fol...
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FTX Crypto Debacle | Yield Curve Inversion | Enough with Recession Talk from 2022-11-20T15:23
Jay Pestrichelli, CEO of ZEGA Financial, is back with Derek this week where they talk FTX bankruptcy and whether it means the end for crypto? Then they discuss ...
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Crypto Crash | US Dollar Is The Thing To Watch from 2022-11-13T15:42
Derek gives his thoughts on the FTX crypto collapse and bankruptcy. Why crypto are NOT currencies. Then, why everyone should be paying attention to the US Dolla...
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Capitulation: Markets Tend to Lead the Economy from 2022-11-06T14:03
Derek is joined again by ZEGA CEO Jay Pestrichelli to discuss what market capitulation looks like and are we there yet? Plus, how markets tend to turn up prior ...
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Midterm Elections and the Markets from 2022-10-30T15:09
Derek is joined by Spencer Wright of Halbert Wealth to discuss historical impact on markets Plus, they discuss the house, senate, and the prevailing polls and o...
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Federal Reserve Going Bankrupt? from 2022-10-23T15:10
The Fed is paying out more in interest than it is taking in, resulting in an IOU to the US Treasury. Is this a big deal? Did the Fed believe this was possible? ...
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Open Letter to the Fed from 2022-10-17T13:36
The Federal Reserve shows no sign of slowing down rate hikes in the near term. But are they doing anything? ZEGA CEO Jay Pestrichelli is back on the show with D...
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Where Do Returns Come From? from 2022-10-07T14:02
As Q3 earnings season is about to kick off we’ll look at what the drivers of returns are for the S&P 500 Index and individual stocks. Annualized returns are a m...
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Higher Rates Create Opportunity for Hedging from 2022-09-29T11:22
The rise of interest rates has been all over the news, but is there a silver lining? Yes, due to higher rates in short-term US treasuries hedged equity strategi...
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Nobody Knows Anything from 2022-09-25T09:10:34
Does anyone who makes predictions in the financial news media know anything? Lots of headlines are making predictions so why not add some perspective from past ...
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Inflation Head Fake? from 2022-09-18T15:08:39
Inflation surprised to the upside last week. Although it was close to the Cleveland Fed’s nowcast estimate. So, what would it take for inflation to get back to ...
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Do Markets Always Go Up After Midterm Elections? from 2022-09-11T16:06:33
Do markets always go up after the midterm elections? What about market performance during the presidential cycle? Interesting data points to historical numbers ...
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Why Hedging Is the Answer for Portfolios | Can Hedgers Buy Markets Lower? from 2022-09-04T13:26:13
Why Hedging Is the Answer for Portfolios | Can Hedgers Buy Markets Lower?
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Gamma Squeeze Explained | Fed Talks Tough from 2022-08-29T22:01:59
Was Bed Bath and Beyond a Gamma Squeeze? How the options market can sometimes drive buying and selling. Plus, Jerome Powell does a short press conference talkin...
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Stocks Never Make New Lows When This Happens? from 2022-08-21T11:42:09
Jay Pestrichelli once again joins Derek Moore whether stocks never make new lows after retracing half a bear market drawdown. Plus, how many in the industry hav...
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Does Diversification Fail When Needed Most? from 2022-08-14T20:48:53
Derek Moore is back to talk about the difference between diversifiable risk and systematic market risk. Diversification might fail the very time you want it mos...
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War on Stock Buybacks | More Recession Talk from 2022-08-08T13:08:54
Derek Moore is back to discuss the war on share buybacks after a rumored 1% excise tax announcement. What are share buybacks? Why do companies do them? Plus, wh...
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Debating What a Recession Is? | Someone is Wrong Between the Market&the Fed from 2022-07-30T03:02:39
Jay Pestrichelli once again joins Derek Moore to discuss the disconnect between the market’s expectation of future interest rate raises and the Fed’s stated int...
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Is the Strong US Dollar a Problem? from 2022-07-27T22:22:38
The US Dollar has been surging (getting stronger) as the Fed is raising rates more than some other countries or regions central bank. So why is a strong dollar problematic? How does a st...
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How and Why Bonds Make or Lose Money When Interest Rates Change from 2022-04-17T16:35:20
Derek Moore takes listener requests by taking a deep dive into the how and why when it comes to market values of bonds changing. How to understand what duration...
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Contrarian Take | Fed Raising Rates Will Increase Inflation from 2022-04-10T20:03:28
Derek Moore gives a contrarian take on the Fed raising rates. What if raising rates causes a major component of the CPI to increase rather than decrease? If the...
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Yield Curve Inversion | Inflation Effects on Earnings from 2022-04-03T21:19:50
Derek Moore is joined once again by ZEGA Financial CEO Jay Pestrichelli to talk yield curve inversion. What is the yield curve inversion and why do investors ca...
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Death of 60/40 Portfolio? | Markets During Midterm Election Years | Hedging vs 60/40 Portfolio from 2022-03-27T19:31:21
Derek Moore is joined once again by ZEGA Financial CEO Jay Pestrichelli to discuss whether now is finally the death of the 60/40 portfolio? A Bloomberg article ...
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Inflation Misconceptions from 2022-03-21T02:00:11
Derek Moore is back to talk about inflation and how there are some misconceptions about what happens if inflation subsides. At the same time, many things we use...
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When Do Oil Prices Matter? | Is Volatility Too High? | Components of S&P 500 Returns from 2022-03-13T20:12:59
Derek Moore is joined once again by ZEGA Financial CEO Jay Pestrichelli to discuss why volatility remains high. How the VIX Index stays elevated even after the initial reasons subside. W...
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Risk Parity Strategy Explained | All Weather Portfolio from 2022-03-06T21:14:43
Derek Moore explains in easy-to-understand terms what risk parity strategies are. Plus, he explains Harry Browne’s Permanent Portfolio and Ray Dalio’s All Weather Portfolio. How standard...
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Market Corrections | Returns Around Geopolitical Events from 2022-02-27T17:53:11
Derek Moore relays how markets have done historically around geopolitical events. Plus, how being hedged allows investors to stay in the market. Interesting stats on markets 1-year later...
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Stock and Bond Performance After Fed Interest Raises Interest Rates | Inflation Expected to Be High in February from 2022-02-20T21:46:50
Derek Moore explores how stock and bonds have done after the Fed starts raising rates. Is there any difference between when they raise greater than 1% compared to less than 1%? Why people s...
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US $30 trillion Debt w/ Higher Rates – Investors Want Hedges – Contrarian Corner from 2022-02-13T15:37:08
Jay Pestrichelli, CEO ZEGA Financial, is back with Derek to say congratulations to our government debt reaching $30 Trillion! What are the ramifications of high debt levels? What the intere...
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Stock Multiple Rerating – The Yield Curve Message from 2022-02-06T16:18:57
Derek Moore discusses how the recent selloff is due to a multiple contraction rather than an earnings one. How 2021 and now so far in Q1 22 stocks are rerating by shrinking the multiple. Pl...
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Intrayear Selloffs – Misleading PE on Russell 2000? from 2022-01-31T12:59:35
Derek Moore discusses how markets have experienced selloffs but many times wind up positive at the end of the year. Plus, answering questions around small caps and the Russell 2000 Index ET...
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Most Anticipated Fed Meeting While Markets Selloff from 2022-01-23T23:48:37
Derek Moore discusses the recent market selloff while giving some perspective around this and others. Why is everyone waiting on pins and needles for the Jan 26th Jerome Powell Fed press...
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Contrarians In the Market from 2022-01-16T11:00
Derek Moore is joined once again by ZEGA CEO Jay Pestrichelli to give a...
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Fed Minutes Worry Markets from 2022-01-09T20:31:16
Derek Moore explains what was in those Fed minutes released last week that stirred up selling in the markets. What does balance sheet normalization mean? When are forecasters expecting t...
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Doom and Gloom Predictions are Worthless + What Didn’t Work in 2021 from 2022-01-02T16:09:04
Derek Moore reviews asset classes like stocks, bonds, bitcoin, and gold. What investors thought would be a no brainer with higher inflation didn’t work. Plus, Derek goes back ten years a...
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2022 Market Predictions from 2021-12-27T16:39:44
Jay Pestrichelli joins Derek Moore to review some 2022 market predictions. You shouldn’t trade of these! Make sure to listen in a year to see what they got right, and what they got wrong...
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Desconstructing Stock Price - Earnings Multiple Expansion vs Earnings Expansion - Valuation Metrics from 2021-12-19T18:17:34
Derek Moore responds to market pundits making 2022 predictions where they examine whether stock prices will see moves diven by changes in earnings vs PE multiples expanding. Also covered...
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Will The Fed Raise Rates? from 2021-12-13T14:38:17
Derek Moore reviews the range of potential moves the Federal Reserve may take given rising inflation. Will the Fed reduce their monthly purchases? What does the Fed Fund probability trac...
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Market Pullback – Corporate Profit Margins At Decades High - Portfolio Risk Measures Explained from 2021-12-05T20:43:52
Jay Pestrichelli is back to co-host with Derek where they simplify risk measures like Alpha and Sharpe. Then they discuss the market drop that started during the short post Thanksgiving ...
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Markets – Oil Prices – Earnings – Covid Market Risk from 2021-11-28T18:39:09
Derek reviews some key market themes including things to watch on corporate earnings, profit margins and more. Then he discusses the current situation around oil rig counts and inventori...
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Stocks During High Inflation from 2021-11-21T17:31:21
Derek is back to review data put out by OSAM showing periods of severe inflation, high inflation, and how stocks have done historically. How have bonds done during periods of high inflat...
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Inflation Deep Dive from 2021-11-14T19:04:33
Derek is back to discuss the recent media reports of highest inflation in 30 years. What is true and what isn’t? Plus he takes a deeper dive into inflation components, inflation sentimen...
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Bitcoin Another Tulip Bubble? – Crypto Affecting S&P 500 Index Volatility? – Fed Taper - Inflation from 2021-11-08T17:27:33
Jay Pestrichelli, CEO of ZEGA Financial, is back with Derek to discuss Nassim Talib’s comments that Bitcoin is another Tulip Bubble. Plus, the Fed announced a taper so now what? How comp...
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The Housing Mirage? from 2021-10-31T22:56:03
Derek is back to explain why homes may not be as unaffordable compared to 30 years ago. What the media may leave out when talking about home prices and inflation. Plus, quick update on c...
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Inflation Misunderstanding – Jack Dorsey Says Hyperinflation Coming – GDP Now Atlanta Fed from 2021-10-24T18:59:06
Derek is back to explain why inflation normalizing does not exactly mean lower prices. Jack Dorsey says hyperinflation is coming. What is hyperinflation and is he right? And who’s right ...
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Talking Tech Earnings – Jamie Dimon on Bitcoin - Social Security COLA – Latest CPI Numbers – Container Shipping News from 2021-10-17T18:32:28
Jay and Derek are back to together on the podcast to go back and forth on current event.
Jamie Dimon thoughts on crypto
COLO Adjustment
Jay guest s...
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Fed Taper | Unemployment | Inflation | GDP | Treasury Yields from 2021-10-11T15:48:34
Derek Moore is back to discuss whether the Fed has any cover to not pull back on their monthly asset purchases. Plus, what is the employment situation? What about inflation and supply si...
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Political Risk – Debt Ceiling – Reconciliation - Budget from 2021-10-03T15:46:34
Derek Moore is back to discuss political risk to markets and interest rates. What exactly is the budget reconciliation process? What is the debt ceiling and is there really a risk of def...
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Worst Month for Stocks – Evergrande – Inflation – The Fed Taper – Housing Starts - Hedging from 2021-09-26T18:06:17
Jay Pestrichelli, CEO of ZEGA Financial is back to discuss key market themes including comparing September to other months. Guess Which month is the worst? Evergrande in China and what i...
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Stagflation Explained – Are We There Yet? from 2021-09-19T14:07
Google web searches for the term Stagflation are spiking. More pundits are mentioning the S word. So what is Stagflation and what should be looking at to tell whether this is a real risk...
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TIPS Inflation Protected Bonds Explained – Interest Rate Risk&Duration – and More with Marcel Benjamin from 2021-09-15T17:42:27
Marcel Benjamin is back on the show for another appearance to dig into the details around TIPS Bonds (Treasury Inflation Protected Securities). How they work and why they are misundersto...
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Inflation – What to Watch – Supply Side vs Demand Side from 2021-09-06T15:07:22
Derek goes beyond the headlines to look under the hood of the labor market, jobs, and unemployment. Plus, he reviews the container shipping issues and port delays, semiconductors now del...
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Talking Inflation, All-Time Market Highs, Interest Rates, Covid, Housing,&More from 2021-08-29T15:11:45
Jay Pestrichelli, CEO of ZEGA Financial, is back to talk a walk around the markets to discuss both sides of inflation debate, interesting numbers around all-time highs, hedging, the FED,...
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Bennett McDowell Guests to Discuss Trading Mistakes, Trading Live, Traits of Successful Traders and More… from 2021-08-22T22:07:04
Traderscoach.com founder Bennett McDowell joins Derek Moore. They hit the record button and what ensues is a free-flowing discussion around what common themes they see from successful in...
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Build Wealth Not Regrets from 2021-08-22T15:46:59
You hear it all the time: start early contributing money to investment accounts. But just how big of a difference does it make? What about doing a monthly budget? Are detailed budgets mo...
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Historical Market Returns: Useful or Useless? from 2021-08-08T20:43:01
You often hear people quote historical stock and bond returns. But are they useful to investors? What lessons can you take from them to help with your portfolio construction? What challe...
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Clues to Watch On Future of Interest Rates from 2021-08-01T18:49:08
Watch CNBC or Fox Business for a short while and you are likely to see predictions on interest rates. But how would you see for yourself what the various futures markets are implying for...
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You’re Worrying About the Wrong Things Plus S&P 500 Index Earnings and Valuation from 2021-07-27T00:06:39
This week we discuss how advances in technology and dropping costs have made it better for investors. Has it ever been this good? Maybe investors worrying about payment for order flow ar...
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Watch the Data not the News on Inflation from 2021-07-18T15:13:35
Last week the latest CPI inflation data came out from the BLS. If you watched the news, they played it up. While we don’t know what inflation will be with any certainty, stop watching th...
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Container Shipping Effect on Inflation and Markets from 2021-07-13T14:58:37
Container shipping rates are at all-time highs. So How bad is the situation? How bad is the backup at various container shipping ports? What effect is this having on inflation in the sho...
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Dan McMullen Talks Senior Loans, Leveraged Loans, CLOs, And More from 2021-07-03T18:56:27
Dan McMullen Senior Managing Director and Senior Portfolio Manager in Blackstone’s Credit Liquid Credit Strategies Unit, SPDR Blackstone Senior Loan ETF (Symbol: SRLN) joins the podcast ...
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How Does Volatility Change Options Prices from 2021-06-27T15:38:57
Often, we get questions on why one company’s options are priced so differently than another. So how options prices differ based on implied volatility? What makes up intrinsic value vs ex...
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Is Inflation Really Out of Control? from 2021-06-20T15:07:22
The Federal Reserve this week held their June meeting and released their new dot plot. Chairman Powell also did his customary press conference. The Fed says inflation is transitory and l...
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Buy and Hedge: Protect Yourself from Yourself – Miss Two Best Market Days? from 2021-06-13T19:07:25
ZEGA CEO Jay Pestrichelli and Derek are back together to discuss some surprising data that shows missing just the two best stock market days of the year can dramatically change returns. ...
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Fed Tapering? from 2021-06-06T18:42:07
The Fed announced it plans to sell the ETFs and bonds it purchased. They are already doing reverse repo operations. Some have asked when they will reduce their monthly asset purchases. So, what ...
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What are Reverse Repos and Repos? Fed Enters Overnight Reverse Repo Market from 2021-05-31T14:01:41
The Federal Reserve this week set a record participating in the Overnight Reverse Repo Market. Previously in 2019 they had to enter the Overn...
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Stages of Stock Market Bubbles from 2021-05-23T13:36:08
Market Bubbles are tough to spot the absolute turning point. But most bubbles have the same stages and patterns. So what are some potential tells that we are in a bubble using historical...
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How is Inflation Measured? Sticky CPI vs Flexible CPI from 2021-05-16T14:43:59
Broken Pie Chart |...
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How Much Ethereum and Bitcoin Should I Have in my Portfolio? from 2021-05-09T13:51:48
Recently more and more investors are asking about Ethereum and Bitcoin. How much crypto currency should I have as a percentage of a portfolio? Is Bitcoin and Ethereum a good hedge agains...
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What are SPAC Special Purpose Acquisition Companies? from 2021-05-04T15:00:40
SPACs or Special Purpose Acquisition Companies 2021 growth has outpaced even 2020’s record year. So, what are SPAC companies? Are SPAC companies good or bad? What are some famous SPAC co...
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US 10 Year Treasuries Returns by Decade. Duration vs Maturity – More Risk Today Than Ever? from 2021-04-28T20:51:02
Many investors saw a rise in rates causing negative returns on bonds in Q1 of 2021. Many were surprised. How is risk heightened due to low interest rates? Duration vs Maturity in underst...
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Marcel Benjamin - High Yield Bonds Explained – What are Zombie Companies? from 2021-04-19T12:52:13
Marcel Benjamin, Fixed Income Strategist with State Street Global Advisors SPDR ETF Fixed Income Group, joins to present a deep dive into the High Yield Fixed Income space. What makes a ...
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MMT Modern Monetary Theory’s Fatal Flaw? – What is in US Federal Budget? – Is the Tax Rate Irrelevant to Revenue Collected? from 2021-04-11T16:30:24
Spencer Wright from Halbert Wealth is back on the program to engage in a discussion around what makes up the Federal Budget. How much does all this cost and where do revenues come from? ...
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Stock Market Overvalued? – Stock Market Bubble and Inflation Google Searches Trending – Treasuries Worst Quarter Since? from 2021-04-04T12:05:56
Recently I looked up Google Trends to see how terms like inflation and stock market bubble were doing? They have been popular which means people are searching for them. Is this contraria...
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Deal or No Deal – Hedged Equity – Option Value of Cash – Utility of Bonds in Portfolios from 2021-03-28T12:33:15
Recently John Hussman put out a piece that the expected value of a 60/30/10 stock and bond portfolio over the next 12 years would be -5%. Future projections can be wrong or right, but wh...
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How Has the Stock Market Done Historically During Rising Rate Periods? Be Hedged! from 2021-03-14T13:08:45
Watch CNBC for more than 5 minutes and you are bound to hear discussion around is inflation coming? Are rising interest rates going to sink the stock market? But what has the stock marke...
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U.S. Dollar Index Explained and Strong vs Weak US Dollar Pros and Cons from 2021-03-07T13:23:29
Recently financial news media mentioned that bearish short bets against the US Dollar were the highest since 2011. But what is the dollar index and is it the best measure? What is the Tr...
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Interest Rate Shock! Is Inflation Coming? from 2021-02-28T13:15:20
Interest rates made a historic move higher last week as the treasury bond market sold off. But is this spike in interest rates previewing a higher move in inflation in the short term? Wh...
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Bitcoin vs Gold vs Just Be Hedged on You Stock Portfolio? from 2021-02-14T13:51:57
This week Jay Pestrichelli and Derek Moore are back to discuss whether Bitcoin or Gold are good hedges. What the appeal of cryptocurrencies are? How just being long the market while have a hedge...
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Gamestop Short Squeeze Follow Up – Naked Shorts – Short Interest – Secondary Offerings – Short Sellers Good or Bad? from 2021-02-07T13:21:32
This week we follow up on or episode last week covering what the Gamestop short squeeze was all about. Are hedge funds naked shorting stocks? How margin accounts cause risk to brokerage firms li...
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GameStop Short Squeeze by the Reddit Wall Street Bets Traders Explained from 2021-01-31T16:04:32
The Wall Street Bets community executed a short squeeze through Reddit on stocks like GameStop and AMC Theatres this week. But what is a short squeeze? How did they and others buying stocks and ...
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Get the Facts To Win Your Debate Around US Deficits, Budgets, and Spending Including Universal Basic Income (UBI) ( Replay) from 2021-01-24T11:11:59
Lately things like the Universal Basic Income (UBI) and Social Security are debated on TV. Commentators throw around numbers and whether a program can be paid for. Plenty of debate on each side ...
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What Causes Inflation? from 2021-01-21T13:14:38
With this month’s increase in US Treasury interest rates the talk about inflation came up quite a bit in the financial news. But what causes inflation? What are the different types of in...
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Do Bond Yields Imply The S&P 500 is Undervalued? from 2021-01-10T21:49:49
Recently there have been many discussions on the valuation of the S&P 500 based on forward earnings multiples. But what role do bond yields have in that evaluation? Does the implied P/E ...
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High Probability Option Strategies Explained (Replay) from 2020-12-27T13:58:36
Derek Moore and Jay Pestrichelli team up once again to discuss how probabilities are used to understand where to sell short options to generate premium. Discussed in this episode are who...
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IPO Process: Traditional IPO vs Direct Listing IPO – AirBnB gets huge IPO pop from 2020-12-13T13:29:54
Lately some high-profile companies have gone public using the IPO process. But how does it work and what are the differences between a traditional IPO listing and a Direct Listing IPO? I...
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Sequence of Returns: Lose Early or Lose Late? from 2020-12-06T10:41:03
Some investors wonder whether it would be better to have bad returns early or bad returns late? Surprisingly unless someone is withdrawing funds or bringing in money it does not matter. ...
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Viktor Nebehaj - Freetrade CMO and Co-Founder Talks Making Investing More Accessible to the World from 2020-11-29T13:46:06
Viktor Nebehaj guests on the episode to discuss how app-based brokerage Freetrade is looking to help millennials break down barriers and costs to make investing a habit. How technology h...
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Why Investors Should Not Climb the Wall of Worry in the Stock Market from 2020-11-15T18:00:50
The Wall of Worry pertains to investors always worrying as markets climb higher. So what are some of the bull and bear cases on the markets, valuations, inflation, interest rates, stocks...
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Find Money in Your Couch Cushions to Invest in the Stock Market: How to Buy Your First Stocks from 2020-11-15T17:21:38
Clean your garage this weekend to find something to sell on EBAY to fund your investment account. Where to go to open an investment account. How to buy fractional shares of companies. Sh...
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2020 Election Predictions and Review from 2020-11-01T17:01:20
Spencer Wright of Halbert Wealth Management joins the podcast to talk through the various Senate and Presidential races. What are the polls saying? What about the hidden Trump vote? Like...
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Understanding US National Debt: Is it really that bad? from 2020-10-27T22:40
Given the varies stimulus plans in 2020 the national debt has risen to new records. Yet, this political season we’ve heard little to nothing about it. How to understand the national debt, debt t...
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Is Your House an Asset or a Liability? from 2020-10-18T12:04:30
Whether owning a home or owning stocks creates strong opinions on both sides. But what would be a way to evaluate the differences? Historically how have returns of homes vs the S&P 500 I...
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Bonds: Why Past Returns Performance May Not Predict the Future from 2020-10-12T12:35
Rates jumped 30% in the US Treasury 5-year maturities this past week! Off course they only went from .25% to .33%, but why are some analysts on CNBC saying the next 10 years bonds may no...
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Is the Election Causing Huge Volatility Spike for November VIX Contracts? from 2020-10-06T21:30:56
Your starting to hear about the options market pricing in huge volatility for November. This week, there was talk about the December contract getting bid up in case of a contested electi...
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Is October Really the Most Volatile and Worst Month For Stock Market Returns? from 2020-09-27T17:34:54
As October is here naturally the stories start to appear around volatility and historical market returns. Many people assume October is the worst month for the stock market. Is October t...
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Robinhood Option Traders vs. The Softbank Whale from 2020-09-19T11:02:37
Jay Pestrichelli co-hosts this episode with Derek where they discuss the continued talk around Robinhood Traders buying deep out of the money options to force market makers to buy stock....
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Do Low Interest Rates Affect Stock Prices? from 2020-09-13T12:13:48
Lately you have probably heard analysts going on CNBC saying given where interest rates are valuations are or are not overstretched. But how do interest rates, and low interest rates, af...
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Netflix is Not Making You Broke: Personal Finance Budgets and Cash Flow Made Easy from 2020-09-07T13:41:47
Many people know they should understand what their current net worth is. Many also know they should get a handle on their cash flow versus income. Yet it often seems too complicated. Let...
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Surprising Historical Returns by Presidents, Senate, and House by Party – Reviewing the 13 Keys to the White House for 2020 – Predictions for the 2020 Election President and Senate from 2020-08-30T13:15:14
The US Presidential election season is in full swing. But does it matter for the Stock Market which party gets elected? Spencer Wright from Halbert Wealth joins Derek to review some surp...
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What is Forward PE Ratio on S&P 500? Earnings Yield and Comparing Earnings Drop 2020 to 2008 Periods from 2020-08-23T21:35:28
If you listen to CNBC or Bloomberg you probably hear analysts talking about how the Forward PE Ratio is higher than historical averages on the stock market. But how are they figuring the...
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Will the 60/40 Portfolio’s Demise Ever Arrive? Are bonds still worth the risk? from 2020-08-16T12:40:37
For years many have pointed to the end of the 60/40 Portfolio’s reign as a mass recommended asset allocation. But even in 2020, it still worked as bonds rallied and interest rates droppe...
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Does Falling Money Velocity Point to Lower Inflation? from 2020-08-09T13:24:32
In the recent Covid financial crisis the Federal Reserve “printed” a bunch of money that increased the money supply. This should lead to massive inflation, right? Well, maybe not if we l...
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Apple 4-1 Stock Split – Do Stock Splits Matter – Dow Jones Index Major Re-Weighting Should Apple Split Stock from 2020-08-02T16:05:56
Apple released earnings last week but also announced their board authorized a 4-1 stock split. Do stocks splits matter anymore? And would a 4-1 Apple stock split completely shake up the ...
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Day Trading for a Living? – Tesla Option Traders Get an Earnings Lesson from 2020-07-26T14:29:58
Last week we talked about Tesla’s potential to qualify for the S&P 500 Index. Post earnings, some new option traders were surprised by the stock and options prices post positive earnings...
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Will Tesla Get Into the S&P 500 Index? What are criteria for stocks to make S&P 500 Index? from 2020-07-19T13:38:08
Tesla has had a meteoric rise lately. At their recent high their market cap would have put them in the top 10 weighted companies of the S&P 500 Index. But will Tesla have the required co...
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Disconnect Between the Stock Market and the Economy? from 2020-07-12T11:43:36
Why doesn’t the stock market and economy both go up or down with one another at the same time? How is the market a forward-looking discounting mechanism? How do recessions and earnings e...
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Fed Buying Which ETFs and Bonds? – How do TIPS Treasury Inflation Protected Bonds Work? from 2020-07-06T12:46:24
The Federal Reserve through their SMCCF or Secondary Market Corporate Credit Facility have been buying bond etfs and individual bonds. What have they been buying and how much? Where to f...
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What VIX Index Is, Implied Volatility, Options Probabilities from 2020-06-28T12:36:47
Semi co-host Jay Pestrichelli joins the program to discuss all things VIX Index, what it measures, how stocks and markets each have their own volatility, and how implied volatility in th...
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How Young Investors Build Wealth – Dollar Cost Averaging – Fractional Shares – Automatic Investment Plans from 2020-06-21T12:03:36
Often younger or newer investors just starting the process of saving and investing ask what the best strategy to build wealth quickly? The power of compounding and starting early are key...
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Lower Interest Rates for Longer – Alternatives Strategies to Bonds – Inflation Expectations – Mortgage Rates from 2020-06-14T12:56:10
Quasi co-host Jay Pestrichelli, CEO of ZEGA Financial, is back on to discuss whether the lower interest rates for longer crowd is on to something. Plus, while interest rates may cause ho...
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William Rhind Talks Growing vs Faltering Companies -Technology Disruption/Adoption - Value vs Growth -Interest Rates and More from 2020-06-07T16:38:43
Graniteshares CEO William Rhind joins Derek Moore on the podcast to discuss how technology disruption is causing some companies to adapt and thrive while others falter.Listen
How to Estimate Social Security Benefits Made Easy from 2020-05-31T13:30:33
How does the social security administration estimate what your monthly benefits? How do they adjust prior earnings for inflation? You can look up your earnings history and monthly benefi...
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Comparing Bear Markets Through the Years and Lessons Learned from 2020-05-24T23:03:45
Jay Pestrichelli, ZEGA Financials’ CEO joins Derek Moore to walk through how this bear market compares to the 2008 Financial Crisis, 1997-1998 Asian Contagion, and 2000-2001 Dotcom crash...
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Is Deflation Both Good and Bad at The Same Time? from 2020-05-17T12:56:29
Watching the financial news, we have been seeing some people make predictions of a deflationary period. At the same time others point to growing debt levels and Federal Reserve money pri...
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Margin Call Movie and Var Value at Risk Explained from 2020-05-10T10:14:16
2011 saw the release of Margin Call, a movie staring Kevin Spacey, Jeremy Irons, Demi Moore, Stanley Tucci and more. A very strong acting performance from the whole cast. But what was th...
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What are Zombie Companies? from 2020-05-03T11:57:26
In the 1990’s the term “Zombie Company” originated out of Japan during their lost decade. Today though we are hearing more and more about Zombie Companies in the U.S. Zombies are compani...
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Paid to Buy a Barrel of Oil? Oil Price Goes Negative from 2020-04-26T14:25:56
On April 20th, the price of a WTI (West Texas Intermediate) futures contract representing 1000 barrels of oil went to negative -$37 a barrel. How is it possible that you could...
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Why Do Investors Make Such Poor Decisions Sometimes? (Replay) from 2020-04-19T15:55:37
Given the recent Coronavirus selloff in the markets, I thought it might be interesting to view investor actions through the prism of the 2008 crisis in this replay of an earlier podcast ...
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What is the High Yield Bond Spread? And Why Do Investors Watch It? from 2020-04-05T12:43:39
Recently you’ve probably heard a lot of financial news media referring to the widening of spreads. Specifically, the High Yield Spread has widened above 1000 basis points. But what does ...
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How Long Recessions Last from 2020-03-31T12:53:38
It’s official, we reached a bear market in stocks. But when and how long will a pending recession last? How do you know an official recession has been declared?
...
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Bear Market History Time of Peak to Trough and Back from 2020-03-22T14:13:09
An official bear market has occurred and now down over 20% from recent highs. The speed of the 2020 decline only took 22 days to happen. How does that compare with previous bear markets?...
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Should Price Gouging on Toilet Paper Be Allowed? from 2020-03-16T12:52:08
People have been getting into arguments at grocery stores hoarding toilet paper, hand sanitizer, and bacterial soap among other things. News outlets have reported on Amazon and eBay pull...
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What happens when the Fed cuts interest rates and probabilities of future cuts? from 2020-03-08T17:03:27
The Federal Reserve just announced an emergency 50 basis point cut in the fed funds rate. What does cutting interest rates mean? What are the differences in the fed funds rate, discount ...
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Should I Payoff My Mortgage Early or Invest? from 2020-03-01T16:53:44
Strong opinions exist on each side of this debate. Some believe plowing money to pay off the mortgage early is better. Others would rather step up their periodic investments and keep a l...
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The Big Short Movie&Credit Default Swaps Explained from 2020-02-15T15:19:14
Michael Lewis wrote the book “The Big Short” that later was turned into a movie starring Christian Bale, Steve Carrell, and Ryan Gosling, Brad Pitt, and Jeremy Strong. The movie focused ...
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Are Bonds Riskier with Low Interest Rates? from 2020-02-09T22:28:31
Bonds prices are a function of current interest rates compared to their present value of cash flows and return of capital (baring defaults) at maturity. So, with interest rates so low ar...
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Short Selling Explained: Tesla Short Interest and Short Squeeze? from 2020-01-26T15:55:04
Tesla stock it seems is always in the news. Between it’s CEO Elon Musk and the latest price action, it has been commented on ad nauseum. Lately, the terms short squeeze and short interes...
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Market Pundits Claim Lower Return Decade Ahead: Are they Wrong? from 2020-01-21T02:29:49
With the new decade came prediction after prediction trying to call what the next decade’s compounded growth rate will be. Many have said investors need to prepare for lower returns base...
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Is the FIRE Movement Doable and the 4% Withdrawal Rate? from 2020-01-07T02:46:03
Recently I’ve been asked by several people about the FIRE movement. Financial Independence and Retire Early. This strategy relies on increasing percentage of salary in savings, reducing ...
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Earnings Multiples, Valuations, Revenue, Net Profit Margins, Stock Buybacks and other Explanations from 2019-12-23T23:14:50
Watching financial media, you hear terms like PE and Forward PE multiples, revenue, margins expanding or contracting, and share buybacks. So, what does it mean for a stocks price when mu...
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Stock Market Predictions Are Wrong So Just Be Hedged from 2019-11-26T21:01:47
Recently a JP Morgan analyst highlighted how wrong stock market predictions would have caused investors to lag the markets by up to 60%. What were some of the since disproven predictions...
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Case Studies: Hedging Single Stock Risk from 2019-11-19T16:39:59
Jay Pestrichelli and Derek Moore are back to walk through several examples of how we hedge concentrated stock risk. Various techniques like direct hedging, covered calls, volatility sell...
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Hedging Concentrated Stock Risk from 2019-11-13T21:00:32
ZEGA Financials’ Jay Pestrichelli joins to discuss how risky single stocks are and how we have developed a system to hedge that risk. Some people want to hold concentrated stock position...
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Why Covered Calls Are Not A True Hedge from 2019-11-02T20:20:03
You might have read that covered calls are a good way to hedge. They do have utility for investors, but they are not an optimal hedge. Understand how they only minimally reduce the downs...
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Why Do Investors Make Such Poor Decisions Sometimes? from 2019-10-27T15:15:20
Recently I found several different research pieces showing how at the very lows of the Great Recession in 2009 the percentage of funds in money market funds was at its highest. In 2009 t...
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Is Getting to the Top 10% In Wealth Easier than you think? from 2019-10-20T21:10:26
You here quite a bit of talk about the top 1% of wealth in the media. But what if it was easier than you think to land yourself into the top 10% of wealth in the United States and across...
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Are Share Buybacks Good for Investors? from 2019-10-12T19:17:39
Post corporate tax cuts of 2018, share buybacks have been talked about both in positive and negative lights. Some think companies should use their free cash flow differently. But how do share bu...
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Should Capital Gains be Indexed for Inflation? from 2019-09-29T16:27:45
No one likes paying capital gains tax (although better than losses). Yet what if you were paying on gains only due to inflation where your purchasing power didn’t grow? Recently some U.S...
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What makes public pensions underfunded? from 2019-09-22T13:52:58
Debit and deficits continue to be in the news. This includes funding levels for public state pensions. But what does it mean to be underfunded or overfunded? What discount rate or invest...
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Is the Lower Interest Rate Bond Trade Getting Crowded? from 2019-09-15T22:02:31
It seems like lately there has been more an more talk about interest rates moving closer to zero in the U.S. So which bonds will move the most when rates move lower (or higher)? Derek ta...
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How Low Interest Rates Can Benefit Corporations from 2019-09-08T14:24:09
Companies can issue debt via bonds to raise capital. But how can you tell whether they have too much debt issued? What are some key ratios to look at to evaluate for yourself? Derek Moor...
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Is the Market Overvalued? from 2019-09-01T17:34:29
Commentators on CNBC are always opining about whether a market is overvalued or undervalued. But how would you look for yourself to make your own opinion? In this episode Derek Moore rev...
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Is a Recession Coming? from 2019-08-24T20:17:23
Lately commentators have been trying to predict the next recession. But what would you look at to try and tell for yourself what the numbers are? In this episode Derek Moore reviews the ...
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Problems with Concentrated Stock Risk from 2019-08-11T14:19:38
How risky is just holding a single stock in a portfolio? Often either through company stock grants or holding company shares for very long periods where it has appreciated investors may ...
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Benefits of Options Time Decay Theta from 2019-08-03T11:49:08
Derek Moore explains the theory of time decay in options otherwise known as options theta. How does the erosion of time decay benefit option sellers? Plus, how much do position decay fro...
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High Probability Option Strategies Explained from 2019-07-21T12:36:16
Derek Moore and Jay Pestrichelli team up once again to discus how probabilities are used to understand where to sell short options to generate premium. Discussed in this episode are who ...
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Fear of Investing: Surprising Data Points to Markets Near All-time Highs 36% of the time? from 2019-07-07T16:51:31
Jay Pestrichelli once again joins host Derek Moore to discuss all things hedging and options. This week they talk through some surprising data Jay compiled that shows markets are within ...
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How Are Options Priced and What is Short Volatility? from 2019-06-30T16:10:50
See what factors determine how an option is priced. Whether on a stock index or underlying stock, time, implied volatility, interest rates, dividends, and distance in or out of the money...
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Wacky Negative Yielding Bonds and Need for Alternative Income from 2019-06-23T14:45:20
There are now over $12.5 Trillion dollars outstanding of negative yielding bonds. That’s right, theoretically you are paying some country to lend them money. In reality you don’t write a...
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Explaining Bonds for Investors and Corporations from 2019-06-16T16:56:35
Want a Bond refresher? Derek Moore talks about how bonds work, what effects prices and rates, and how to look at corporations and their debt. ...
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Is The Federal Reserve Really That Bad At Long Range Economic Forecasts? from 2019-06-12T23:38:26
Broken Pie Chart |...
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Importance of Real Returns Above Inflation and How to Calculate Them from 2019-06-02T18:38:51
In this episode Derek Moore helps to clarify the difference between a real return (adjusted for inflation) and a nominal return. This is especially important when looking to increase you...
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Myths Around Options Plus Hedging Concentrated Positions from 2019-05-26T22:30:39
Jay Pestrichelli is back to join Derek Moore in a discussion around options. Particularly myths around options investing. Why we don’t do individual stock analysis and picking. How someo...
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What the Options Market Tells Us About Expected Stock Moves Around Earnings from 2019-05-12T17:38:38
Often investors notice that after an earnings announcement a stock has the potential to move depending on the news. But what type of volatility or movement was expected before the announ...
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Get the Facts To Win Your Debate Around US Deficits, Budgets, and Spending Including Universal Basic Income (UBI) from 2019-05-05T11:25:58
Lately things like the Universal Basic Income (UBI) and Social Security are debated on TV. Commentators throw around numbers and whether a program can be paid for. Plenty of debate on each side ...
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Part 2: Discussing Myths Around the Classic 60/40 Portfolio from 2019-04-22T21:54:08
Derek Moore and Jay Pestrichelli are back with part 2 of their discussion around the myths prevalent in the 60/40 portfolio. This week they highlight how bonds with low yields may have even more...
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The Unicorn IPOs are Coming: What Their S-1 Filings Divulge from 2019-04-14T15:28:03
You’ve probably heard about the so called “Unicorn” IPOs or Initial Public Offerings on CNBC. With Lyft already public and Uber, Pinterest, Air B&B, and more on the way, everyone will finally ge...
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Discussing Myths Around the Classic 60/40 Portfolio: Part I from 2019-04-07T14:05:30
For years you’ve been told that to get better risk adjusted returns you should diversify with some percentage in stocks and some in bonds. Yet when you look at the inflation adjusted annualized ...
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The Yield Curve Inverted Plus Explaining Different Ways To Calculate Annualized Returns from 2019-03-31T15:15:32
The yield curve has inverted. Well it did at certain points last December already. Now that the 3-month Treasury Bill yield went above 10-year yields, historically what does that mean? Has the y...
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How Purchasing Power of the Dollar is Eroding Plus Why Inflation Hurts Investors from 2019-03-24T23:59:08
You’ll often hear things like “The US Dollar is losing purchasing power”. But what exactly does it mean when the dollar loses value? In this episode Derek Moore will explain how to calculate dol...
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How to find and review a stocks financials and ratios plus backtesting from 2019-03-16T20:34:42
Have you ever watched CNBC or Bloomberg and wondered what commentators are talking about with earnings and valuations on individual stocks? Derek Moore explains common financial metrics and rati...
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Most Overlooked Benefit from Portfolio Hedging Strategies from 2019-02-24T20:20:23
In this episode Derek Moore explains the one benefit most investors overlook as a very important benefit of using a hedged equity strategy. The benefit of reinvesting avoided losses or hedging p...
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How Can Investors Hedge Downside Risks on Single Stocks? from 2019-02-16T18:30:26
In this episode Derek Moore discusses situations where investors might own a concentrated position in one stock or more with low cost basis. These present difficulties as selling would incur tax...
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Are Hedged Portfolios More Optimal Than Modern Portfolio Theory or Efficient Frontier Designed Ones? from 2019-01-27T19:20:50
In this episode Derek Moore discusses what Modern Portfolio Theory (MPT) and Efficient Frontier Investing means and how traditional investment risk rely heavily on standard deviation and varianc...
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Podcast: Probabilities of Future Federal Reserve Interest Rate Moves? from 2019-01-05T15:38:55
In this episode Derek Moore discusses the various ways the Federal Reserve through its FOMC committee utilizes interest rates, buying or selling bonds, and the banks reserve ratios to increase o...
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Podcast: Bear Market? This is What You’ve Been Preparing for With a Hedged Equity Strategy from 2018-12-21T00:54:18
In this episode Derek Moore is joined by Jay Pestrichelli, Founder of ZEGA Financial and author of Buy and Hedge: The 5 Iron Rules For Investing Over the Long Term, to discuss how if a bear mark...
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Target Date Investment Funds: Good, Bad, Or Just Misunderstood? from 2018-12-16T22:10:19
Welcome to the Broken Pie Chart Podcast Episode 15. In this episode Derek Moore discusses the often-misunderstood target date funds prevalent in many workers 401k accounts and whether they are a...
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What are Risk Adjusted Investment Returns? from 2018-12-02T19:09:51
In this episode Derek Moore discusses the concept of Risk-Adjusted Returns, Standard Deviation of Returns, Sortino Ratio, Risk Free Interest Rates. Plus, how to compare two investment returns ag...
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EP013: The Option Volatility Episode from 2018-11-16T03:49:24
Welcome to the Broken Pie Chart Podcast Episode 13. In this episode Derek Moore is joined by ZEGA Financial Founder Jay Pestrichelli to discuss volatility as an asset class, implied volatility, ...
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Ep012: Does Diversification Alone Reduce Systematic Market Risk? from 2018-11-11T12:52:09
Welcome to the Broken Pie Chart Podcast Episode 12. In this episode Derek Moore discusses why diversification alone may not reduce systematic material stock market risk using the backdrop of the...
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EP011: How Do Interest Rates Affect the Economy and Stock Market? from 2018-11-01T23:54
Welcome to the Broken Pie Chart Podcast Episode 11. In this episode Derek Moore discusses how changes in interest rates affect not only obvious things like car loans and home loans but also pote...
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Ep10: Deconstructing GDP, Inflation, and Unemployment Economic Indicators for Investors from 2018-10-27T04:08:24
Welcome to the Broken Pie Chart Podcast Episode 10. In this episode Derek Moore discusses some economic indicators that matter to investors. Many people hear the terms GDP, Inflation, Unemployme...
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Two Main Things People Get Wrong Comparing 1970’s Bonds in Rising Rate Environment to Potential Rise in Rates Today Show Summary: from 2018-10-13T14:18:18
Welcome to the Broken Pie Chart Podcast Episode 9. In this episode Derek Moore discusses the relationship between bonds and interest rates. Plus, what everyone gets wrong when pointing to bond r...
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The Warren Buffett Indicator from 2018-09-29T01:13:20
Welcome to the Broken Pie Chart Podcast Episode 8. In this episode Derek Moore reviews the so-called Buffett Indicator as well as the Shiller PE Ratio. With markets once again at all-time highs ...
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Using Big Data and Machine Learning to Pinpoint Stocks Earnings Surprises from 2018-09-20T13:27
Welcome to the Broken Pie Chart Podcast Episode 7. In this episode Derek Moore is joined by Alpha DNA Founder Wayne Ferbert to discuss how they are using big data, machine learning, digital inte...
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Adding Downside Buffers to Investment Portfolios Using Options from 2018-09-13T20:40:18
Welcome to the Broken Pie Chart Podcast Episode 6 Adding Downside Buffers to Investment Portfolios Using Options. In this episode Derek Moore is again joined by Jay Pestrichelli, founder of ZEGA...
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Do Presidential, Senate, and House Party Affiliations Really Impact Stock Market Returns? from 2018-09-01T00:20:50
Welcome to the Broken Pie Chart Podcast Episode 5 Do Presidential, Senate, and House Party Affiliations Really Impact Stock Market Returns? In this episode host Derek Moore takes listeners throu...
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Why Investors Need a Protective Hedged Equity Strategy from 2018-08-23T12:49:58
Welcome to the Broken Pie Chart Podcast Episode 4 Hedged Equity and Protective Investment Strategies. This week host Derek Moore , author of Broken Pie Chart, is once again joined by Jay Pestric...
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Volatility as an Asset Class? Discussion Around Shorting Volatility Premium Using Credit Spreads from 2018-08-16T17:10:58
Welcome to the Broken Pie Chart Podcast Episode 3 Short Volatility. In this episode Derek Moore and guest Jay Pestrichelli discuss the emergence of short volatility strategies. How selling optio...
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What is the Yield Curve Inversion and Why People Care? from 2018-08-09T13:29:52
Welcome to the Broken Pie Chart Podcast Episode 2 Yield Curve Explained. In this episode we will explore what the yield curve is, how the difference between short term interest rates and long-te...
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What to Consider When Saving for Retirement from 2018-08-07T17:28:44
Welcome to the Broken Pie Chart Podcast. This is episode 1, and I’m your host, Derek Moore. Today we’ll be discussing key factors in saving for retirement and a bit about retirement calculators....
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