Bull Sessions (10/24/2023)

Continuing to build out the Red Rabbit shopping list worksheet. Spending A Few Moments with Most Active Lunacy -- are clubs losing their grip on Up, Straight and Parallel?

Mark Robertson and Ken Kavula hosted the October 24, 2023 Bull Sessions webinar, joined by Kim Butcher and Matt Spielman, to discuss current market conditions and investment opportunities. The session began with personal updates about fall colors in Michigan and warm weather in Texas and Florida before transitioning to substantive investment topics. The speakers emphasized that return forecasts have increased into the low teens due to recent stock price declines, presenting what they characterized as a favorable buying opportunity for quality small companies. They highlighted the importance of the Manifest Investing forum for staying informed and discussed the Value Line Arithmetic Average as a key metric for assessing market valuations.

A significant portion of the webinar focused on yield analysis and market conditions, with the speakers examining 10-year Treasury yields and their impact on institutional investors. Ken Kavula and Mark Robertson discussed how the current yield environment, while elevated by recent standards, is still moderate when viewed over a 40-year historical perspective. The speakers noted that high-quality small-cap stocks are beginning to show signs of recovery with regular 3-5% gains. The session concluded with announcements about the upcoming October roundtable on November 1st at 8 PM, where they plan to introduce their Best Small Companies list, and reminders about registration through Better Investing's Mid Michigan Chapter or Manifest Investing's Events tab.