Bull Sessions (11/29/2022)

It's all about Gratitude and Expectations. Our Thanksgiving edition will celebrate long term success in investing and begin the search for next week's Round Table.

In this post-Thanksgiving edition of Bull Sessions, hosts Mark Robertson and Ken Kavula discuss current market conditions and geopolitical developments affecting investors. The session covers the market's valuation using the Value Line Arithmetic Average, which indicates stocks are trading at approximately 13-14% annualized returns on average, suggesting moderate undervaluation. The hosts address broader economic concerns including manufacturing disruptions in China due to COVID-related protests and the Foxconn factory shutdowns, emphasizing the need for companies like Apple to diversify their supply chains away from China into markets like Vietnam, Singapore, and Indonesia. The discussion includes analysis of Jack Bogle's 60/40 asset allocation strategy and its relevance to modern investors, with both hosts suggesting that contemporary investors—particularly those with longer time horizons—may benefit from more stock-heavy allocations than traditionally recommended.