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Thursday, December 1, 2022

What Happens If We Have a 1970s-Style Market?

By Enrique Abeyta

This year's bear market has continued to grind away at investor sentiment and portfolios... As such, you've likely heard more and more people compare it with the market of the 1970s. That was the last time we saw inflation anywhere near the levels we've seen recently. And it was a period characterized by a very […]

Wednesday, November 23, 2022

FTX Collapses... Is It the 'Lehman Brothers Moment'?

By Enrique Abeyta

Editor's note: The Empire Financial Research offices are closed tomorrow and Friday in observance of the Thanksgiving holiday. Look for the next Empire Financial Daily in your inbox on Monday, November 28, after the Weekend Edition. This is the kind of story that even Hollywood isn't creative enough to make up... Sam Bankman-Fried (or "SBF," […]

Wednesday, October 19, 2022

How to Find Winning Trades in a Bear Market

By Enrique Abeyta

In my Empire Elite Trader advisory, our main trading strategy revolves around identifying deeply 'oversold' stocks... We can identify how oversold a stock is by looking at a technical measurement called the relative strength index ("RSI"), which shows how oversold or overbought a stock is relative to its history. Historically, signals that a stock is […]

Tuesday, October 18, 2022

Why Psychology Plays a Critical Role in Your Investing Results

By Enrique Abeyta

It's one of the most important factors governing our investing decisions... I'm talking about the impact of human psychology. Whether it's "negativity bias" or the tendency to misperceive reality, the way we make investing decisions is influenced just as much by psychology as it is our understanding of the fundamentals of a particular company and […]

Monday, October 17, 2022

The Key to Avoiding This Common Investing Pitfall

By Enrique Abeyta

One of the biggest arguments in all of investing is whether the markets are 'efficient' or not... The idea of an "efficient market" is that all the available information out there is "priced in" to stock prices. This means that investors have no real way to gain an advantage. But instinctively, we know this is […]

Saturday, October 15, 2022

The 'Crowded Raft' Theory in the Market

By Enrique Abeyta

One of the most important lessons I learned over more than 20 years of managing money is that when it comes to investing, you're buying stocks, not companies... When you buy a company, you control its cash flows and can use them for anything you want: to acquire other companies, reinvest in the business, or […]

Thursday, October 13, 2022

Finding the 'Rubber Balls' in the Stock Market

By Enrique Abeyta

In my Empire Elite Trader service, our main focus is identifying deeply oversold situations in high-quality stocks... Let's unpack that statement a bit... What does "oversold" mean? At times, stocks sell off so badly that we can begin to have confidence that the selling is likely to cool off relatively soon. We're able to have […]

Tuesday, October 11, 2022

A Generational Opportunity for Long-Term Investors

By Enrique Abeyta

Across my publications, I've said it multiple times so far in 2022: This stock market sucks! However, after several years of outsized returns and some seriously unusual stuff in both the economy and world, it shouldn't be surprising that we're going through a "correction" period. So in today's essay, let's spend a little time talking […]

Monday, September 19, 2022

Six Investing Tips to Change Your Financial Future

By Enrique Abeyta

It has been a bad year for stocks... Last Tuesday, the Dow Jones Industrial Average fell 3.9%, the S&P 500 fell 4.3%, and the tech-heavy Nasdaq fell 5.2%. It was the worst day for the Dow and S&P since June 2020 and the worst day for the Nasdaq since March 2020. But if you have […]

Thursday, September 8, 2022

The Big Lesson From the 'Tiger Family'

By Enrique Abeyta

In yesterday's Empire Financial Daily essay, I wrote about the legacy of legendary hedge fund manager Julian Robertson in the wake his passing at the age of 90... In particular, I spoke about the extremely rigorous research process that his funds engaged in – referred to as value-added research ("VAR"). I've had the distinct privilege […]

Wednesday, September 7, 2022

A Late Investing Legend's Legacy

By Enrique Abeyta

Last month saw the passing of one of the absolute legends of modern stock market investing with the death of Julian Robertson... For those of you not familiar with Robertson, he was the founder of one of the most famous and successful hedge funds in history – Tiger Management. After a few years in the […]

Thursday, August 25, 2022

Playing By the Market's One Rule

By Enrique Abeyta

I've spoken before about how investors' perceptions and expectations can influence outcomes in both the economy and stock market... I've been particularly interested in how low expectations led to unanticipated stock market results. There's a flipside to this phenomenon, though, where if everyone agrees on something, it's much less likely to happen. For example, if […]

Thursday, August 18, 2022

In This Market, Pay Attention to Investor Perceptions

By Enrique Abeyta

George Soros is one of the greatest investors of all time... Soros has a fascinating life story. He was born to a Jewish family in Hungary and survived the Nazi occupation of Europe, went on to study at the London School of Economics, and then started one of the first – and most successful – […]

Friday, August 12, 2022

Here's Why We Could See One of the Sharpest Drops in Inflation in 40 Years

By Enrique Abeyta

In my Empire Financial Daily essay last Thursday, the buzzword was 'recession'... We discussed what recessions are, how they happen, and whether they really matter to the stock market or our strategies. This week, we want to tackle another big economic buzzword – inflation – and consider some of the same questions. The first issue […]

Thursday, August 4, 2022

If We're in a Recession... So What?

By Enrique Abeyta

If you pay attention to the financial news like I do, you've probably heard the word 'recession' about 1,000 times in the past week alone... The media needs a constant stream of topics to talk about, and when they get something as ominous sounding as a recession... they are all over it! They know that […]

Monday, June 27, 2022

Five Tactics for Navigating the Current Market

By Enrique Abeyta

Since the beginning of 2022, it has been a rough stretch in the markets... Looking at the big picture, we don't think that much has changed in the past few months. The stock market moved from a period of great visibility on earnings and liquidity to an environment with much less visibility. This type of […]

Saturday, June 25, 2022

Here's How to Handle a Tough Market

By Enrique Abeyta

I began my career working at the now-infamous Lehman Brothers... My first job on Wall Street was working there on the fixed-income syndicate desk, which was responsible for selling new bond issues. If you're not familiar with the history of Lehman Brothers, it was considered one of the great bond houses like Salomon Brothers. The […]

Friday, June 24, 2022

A Game Plan for Tough Markets Based on an Investing Legend

By Enrique Abeyta

On Saturday, we shared some insights from legendary investor Philippe Laffont of Coatue Management... As we mentioned, we recently received a copy of one of Philippe's investor presentations and found tons of great insight there. The first insight was that Philippe and his fund have gone almost all cash in their public investing vehicle. This […]

Saturday, June 18, 2022

Four Insights From an Investing Legend on What's Happening in the Markets

By Enrique Abeyta

One of the great benefits from a career in investing at some of the highest levels for 25-plus years is the opportunity to have grown up with and met many great investors... One of those investors – with whom I used to frequently speak more than 20 years ago – is Philippe Laffont of famed […]

Saturday, May 21, 2022

The Difference Between a Correction and a Bear Market

By Enrique Abeyta

The major stock indexes have had one of the worst starts to a calendar year in stock market history... The question to ask, though, is, "What happens next?" When we look back at similar periods of stock market performance, the next phase of the market usually falls into one of two patterns: a "correction" or […]

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Empire Financial Research

Herb Greenberg

Herb Greenberg is a senior editor at Empire Financial Research. Previously, he was the co-founder of Pacific Square Research and Greenberg Meritz Research & Analytics – both independent, short-biased investment research firms. Greenberg spent more than 40 years as a financial journalist at some of the country's leading newspapers, websites, and broadcast media, where he covered almost every industry. He served as senior stocks commentator at CNBC and was financial correspondent at the Chicago Tribune. He also spent 10 years as the daily business columnist for the San Francisco Chronicle, during which time he started his five-year run as Fortune's monthly Against the Grain columnist and was the morning business reporter for San Francisco's KRON-TV. When the Internet and online media were still emerging, Greenberg was one of the first mainstream journalists to make the shift online, when he became senior columnist at TheStreet. He later shifted to the same role at MarketWatch. When Dow Jones bought out MarketWatch, he added a weekend investor column for the Wall Street Journal to the mix. Earlier in his career, Greenberg was a reporter at Crain's Chicago Business and a business reporter for the St. Paul Pioneer Press. He also spent a year as an analyst at a risk arbitrage firm. Greenberg holds a bachelor's degree in journalism from the University of Miami and completed the Herbert J. Davenport Fellowship at the University of Missouri.

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