The Looming Stock Market Correction? w/ Puru Saxena (Ep. 456) - a podcast by Dave Lee on Investing

I'm joined by retired money money Puru Saxena as we discuss his thoughts on a possible market correction, the role of the Fed's QE tapering, and various approaches to hedging.

Puru Saxena on Twitter: https://twitter.com/saxena_puru

Timestamps:
00:00 - Introduction
01:10 - Why Puru think the market has topped and a correction is under way
11:30 - What if the bubble has already popped with speculative high growth stocks?
16:12 - Does Puru think the FAANG stocks could also go down 20% next year?
17:10 - Counterargument that the S&P 500 is priced cheap at 21x next year's earning
20:50 - Is Fed main driver of inflation?
23:05 - Why is there rising inflation this QE and not prior?
24:25 - Dave's counterargument that economy could be experiencing major boost from online consumption
36:20 - If real economy is strong, then perhaps no major correction
40:00 - What is Puru doing to hedge? Or raise cash?
46:15 - Does Puru use a stop loss with his short positions?
49:30 - How Puru uses moving averages to set exit and entry points
54:30 - Thoughts on different options to hedge
59:20 - Danger of pulling out of market and not getting back in
1:03:50 - Who does Puru follow on Twitter?
1:05:00 - How much value does Puru place on technical analysis and why?
1:06:45 - Yield curve inversion
1:08:25 - Investment goals & benchmark
1:10:00 - What keeps Puru motivated?
1:14:15 - Conclusion

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