MI258: Expect Further Stock Market Declines & A Recession in 2023 w/ Chance Finucane

<p>Rebecca Hotsko chats with Chance Finucane, who is a partner, and Chief Investment Officer at Oxbow Advisors. They discuss Chance’s current outlook for the market and economy for 2023, why he expects a recession sometime in 2023, what’s driving investors’ complacency in the market, and much more!</p><p><br></p><p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><p>00:00 - Intro</p><p>02:41 - Why Chance expects a recession sometime in 2023 and the stock market to decline by about 20%.&nbsp;</p><p>03:55 - What’s driving investors’ complacency in the market, despite being so pessimistic.&nbsp;</p><p>07:43 - What a Fed Pivot means for the stock market and the economy.&nbsp;</p><p>10:54 - Which leading indicators Chance is relying on to help inform his investment decisions.&nbsp;</p><p>11:51 - What would be the catalyst to cause investors to start selling.&nbsp;</p><p>12:52 - Why Chance thinks the defensive sectors are the most overvalued parts of the market still.&nbsp;</p><p>24:34 - The sectors that typically outperform coming out of a recession.&nbsp;</p><p>24:34 - How much the stock market would drop if earnings downgrade as expected.&nbsp;</p><p>26:21 - What Oxbow’s investment process looks like for their high growth equity strategy.&nbsp;</p><p>27:58 - Why he thinks earnings estimates are still too high for 2023.&nbsp;</p><p>30:20 - Why Google is one of their biggest holdings for their equity strategy and looks attractive at today’s price.&nbsp;</p><p>31:32 - Which tech stocks he thinks are undervalued and overvalued at today’s prices.&nbsp;</p><p>42:10 - Why Chance is still bullish on energy long term despite recently reducing some exposure to positions.</p><p>48:27 - Why he thinks this next decade could be more like the 1970s with waves of inflation.&nbsp;</p><p>And much, much more!</p><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Check out:<strong> </strong><a href=