Bull Sessions (3/24/2026)

Ken Kavula and Matt Spielman, filling in for Mark Robertson, hosted a Bull Sessions webinar from Houston, Texas on March 24, 2026, marking the first in-person event in the region in over a decade with 65 registered attendees. The speakers discussed current market valuation, noting that the market appears slightly undervalued according to Morningstar (87.6 vs. fair value at 100) with expected returns clustering around 9-10%, matching the long-term market average. They emphasized the importance of upcoming earnings season for obtaining real data points rather than relying on analyst speculation, and highlighted technical indicators like RSI and moving averages, with a notable death cross occurring in April 2025 following tariff implementation.

The session covered several strategic topics including a proposed book study of David Gardner's "Rule Breaker Investing," the controversial "SaaS apocalypse" concept being investigated by the Houston Model Club, and the importance of fundamental analysis in investment decision-making. The speakers also discussed Portillo's recent trading activity and encouraged the audience to participate in Better Investing's 75th anniversary convention in Chicago. Throughout the presentation, the team maintained their philosophy that while specific stocks are discussed in real-time, no investment recommendations are being made, and listeners should conduct their own due diligence.