Welcome Friends, 

Here’s an assortment of posts shared this week on Trends with Friends. Let’s dive in…

MARK YOUR CALENDARS

Howard Lindzon looks ahead to the Grass League’s second Par 3 Golf Tournament in Phoenix December 5th and 6th. He writes,  

The league is growing quickly now with title sponsors Troon and Golf Now. Modelo is also a sponsor.

The Grass League is holding its second high stakes Par 3 Open golf tournament and the defending champion Minnesota Muskies team will be defending their title at Rolling Hills.

The League is growing fast. Recently, Good Good golf purchased a team. They have 1.7 million YouTube followers. LA Dodgers manager (and golf fanatic) Dave Rogers owns a team… A top 10 PGA tour player (not Scottie) recently purchased a team.

Tom and I were seed investors in GolfNow back in 2006, so we have come full circle here in 2024 with GolfNow being a title sponsor of the tournament.

Mark your calendars and read Lindzon’s latest here.

THIS WEEK IN AI

Michael Parekh reviews Big Tech’s AI Capex Commitments, OpenAI’s ChatGPT Search, and more in this week’s AI Summary.

It’s a must read.

IS THIS TIME DIFFERENT?

Larry Thompson celebrates Bitcoin’s sweet 16 as the bellwether crypto trades just shy of its March 2024 all-time high. The US presidential election has served as a catalyst for past bitcoin uptrends. Is this time different…? 

Thompson writes,

Despite current narratives about which presidential candidate is ‘pro-Bitcoin,’ every election resolution—Democrat or Republican—has ignited the next leg higher for Bitcoin. So why would I expect this time to be any different?

I’m a perma-optimist (for reasons I won’t get into today), so I refuse to believe people are as consumed by the election as the media makes it seem. After all, it’s literally the media’s job to make every election feel monumental, so you consume their content.

Humans naturally tend to think their own time in history is the most pivotal ever, and that’s okay. When it comes to the markets, though, I agree with Bitcoin: let’s just get it over with and move forward.

Read Thompson’s full post here.

THIS WEEK IN CHARTS

Charlie Bilello breaks down US Large Cap Growth’s decade of outperformance and looks ahead at Vanguard’s forecast for the next 10 years. Charlie comments, 

Over the last 10 years, we’ve seen US Large Cap Growth stocks outperform everything else by a wide margin, with an annualized return of 16.5%.

The huge returns from the Enormous Eight have been the primary contributor to this trend.

What will the next 10 years bring?

According to Vanguard’s latest forecast: a big reversion to the mean. Vanguard is projecting only a 1.1% annualized return for Large Cap Growth stocks, the lowest of any major category. They are also anticipating outperformance from Large Cap Value stocks (+5.7%), Small Cap stocks (+6.0%), and International stocks (+7.9%).

SATURDAY LINKS

Tadas Viskanta’s Saturday linkfest’s theme is Meaningful Work. Here’s a sneak peek… 

TRENDS WITH NO FRIENDS

Trends With No Friends sifts through the noise and discovers stocks above $1B market cap with high relative strength and low social following.

The publication shares 52-Week Highs and Lows sorted by followers on Stocktwits. 

Why is high relative strength and low social following important?

Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.

This week, Trends with No Friends featured… 

Matson ($MATX), Adtalem Global Education ($ATGE), ESAB Corp ($ESAB), AAON Inc ($AAON), Loar Holdings ($LOAR) and more.

THIS WEEK’S EPISODE

And in case you missed it… Howard Lindzon, Michael Parekh, JC Parets and Phil Pearlman are joined by Pranav Kanade to discuss Big Tech earnings, Bitcoin’s latest advance, crypto’s impact on the 2024 US election, the growing role of stablecoins and more on the latest episode of Trends with Friends. 

Tune in today.

GET IN TOUCH

If you share insight on the market and would like to contribute to Trends with Friends, send us an email.

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