Empire Financial Daily Newsletters

January. 2022

Joe Rogan's Latest Controversy Pits Him Against a Rock Legend

By Berna Barshay

Empire Financial Daily,
Wednesday, January 26, 2022
Iconic rocker Neil Young has some harsh words for popular podcast host Joe Rogan... In a post on his website – which has since been deleted – Young instructed his record label and managers to pull his music from the leading streaming service Spotify (SPOT) in protest over the company's role in "spreading fake information […]

A Peloton Post-Mortem... and an Update on Warby Parker

By Herb Greenberg

Empire Financial Daily,
Tuesday, January 25, 2022
When the story of home fitness company Peloton (PTON) is written, it'll be a doozy. Or in the least, a good case study... Somewhere in here is a management team that for whatever reason (and you can let your imagination run wild) blindly produced more product than it realistically could ever sell – especially after […]

The Two Important Questions You Need to Ask When Markets Dislocate

By Berna Barshay

Empire Financial Daily,
Monday, January 24, 2022
Given the rockiness of the markets, I decided to devote today to advice for managing through downside volatility... With today's drop, the benchmark S&P 500 Index officially hit correction territory of down 10% in the short year to date, joining the tech-heavy Nasdaq Composite Index and the small-cap bellwether Russell 2000 Index that had already […]

Enrique Abeyta On What to Expect From the Market in 2022

By Enrique Abeyta

Empire Financial Daily,
Saturday, January 22, 2022
There seems to be a broad consensus on the topics that have dominated the conversation in the market for the last few months... The consensus couldn't be more wrong. Everyone is talking about inflation. According to a lot of the pundits, it's the only factor that's driving the markets... And I couldn't disagree more. People […]

What Warby Parker Isn't Disclosing

By Herb Greenberg

Empire Financial Daily,
Friday, January 21, 2022
Warby Parker (WRBY) has done a brilliant job building its eyewear brand along with its self-described 'do good' image... This is driven by the company's longtime slogan and program, "Buy a Pair, Give a Pair." This has become such a prominent part of Warby Parker's strategy that it's the third sentence of the formal four-sentence […]

The Update Issue: What to Make of the Netflix Price Hike

By Berna Barshay

Empire Financial Daily,
Thursday, January 20, 2022
Binging your favorite show on streamer Netflix (NFLX) is about to get a little pricier... Last Friday, Netflix announced that subscription prices in the U.S. and Canada would rise by between $1 and $2 per month, depending on the plan. For the most popular Standard plan, the price goes from $13.99 to $15.49... For the […]

The Answer to the Climate Crisis No One Wants to Talk About... But Investors Should Be Thinking About Now

By Berna Barshay

Empire Financial Daily,
Wednesday, January 19, 2022
More than 50 countries have pledged to be carbon-neutral by 2050... Many corporations are setting an even more aggressive goal... carbon neutrality by 2040, 10 years before the goal that the Paris Agreement set for member nations. More than 200 companies have taken the Climate Pledge, which requires regular reporting, carbon elimination strategies, and the […]

When It Comes to Rising Rates, Perception Seems More Dangerous Than Reality

By Herb Greenberg

Empire Financial Daily,
Tuesday, January 18, 2022
I was talking with a friend the other day about whether with inflation sprinting ahead and interest rates inching higher, the market's bull run is over... By now, most investors likely know the old adage: Don't fight the Fed. But is this that "don't fight the Fed" moment? Rates are rising... and this market has […]

How a 'Throwaway Comment' Led Us to 153% Annualized Gains

By Berna Barshay

Empire Financial Daily,
Saturday, January 15, 2022
One thing that always baffled me over my 20-plus years on Wall Street was its obsession with youth... The careers of many hedge-fund investors mirror the trajectory of professional athletes. Promising young recruits are plucked right after graduation from colleges with strong academic programs, similar to how athletes are drafted into the professional leagues as […]

An Obvious but Easy-to-Miss Danger Sign in the Markets

By Herb Greenberg

Empire Financial Daily,
Friday, January 14, 2022
Editor's note: The Empire Financial Research offices are closed on Monday in observance of Martin Luther King Jr. Day. Look for the next Empire Financial Daily in your inbox on Tuesday, January 18, after the Weekend Edition. When it comes to this market, everybody wants to know... which inning are we in? Many folks think […]

The Update Issue: Cocktails in the Metaverse, More Insider Selling at AMC, an Investing Legend's Next Act

By Berna Barshay

Empire Financial Daily,
Thursday, January 13, 2022
Iconic cognac brand Hennessy is selling its first non-fungible tokens ('NFTs')... The Hennessy tokens will give each buyer digital ownership of art celebrating the spirit on its 250-year anniversary. There are two tokens, and each comes with a physical bottle of cognac – either the first or last bottle in the 250-bottle limited-edition release of […]

More Evidence the Bull Market Is Ending

By Greg Diamond

Empire Financial Daily,
Wednesday, January 12, 2022
Editor's note: Today in Empire Financial Daily, our colleague Greg Diamond from Stansberry Research is back... On Monday, we shared insights from Greg about what the movements of two bellwether stocks could mean for the market's direction in 2022. Today, Greg shares more details about why he thinks all is not well under the hood […]

Why Cruise Line Stocks Are at Risk

By Herb Greenberg

Empire Financial Daily,
Tuesday, January 11, 2022
My wife and I love to travel... One of our favorite ways to get from here to there is on cruise ships – not the big mega-monsters, but smaller so-called "luxury" ships, which sometimes offer expeditions. While cruising is the laughingstock of many people on Wall Street, who think they're all like the Love Boat […]

This Is How Bull Markets End

By Greg Diamond

Empire Financial Daily,
Monday, January 10, 2022
Editor's note: Today in Empire Financial Daily, we're turning things over to our colleague Greg Diamond from our corporate affiliate Stansberry Research... With 16 years of trading and portfolio management experience, Greg has traded for a $3 billion hedge fund and a $35 billion pension fund. He managed multimillion-dollar portfolios across various asset classes, and […]

The 'Secret Sauce' Behind Empire's Biggest Winner Ever

By Berna Barshay

Empire Financial Daily,
Saturday, January 8, 2022
Investing is a competitive game... In the big picture, every trade has a winner and a loser. There's always someone who sold right before a stock goes up... or vice versa. For every great stock purchase you make, someone else willingly sold you those shares. The investing business has only gotten more competitive in the […]

Which Is Better: Fintech or Old-Fashioned Financials?

By Herb Greenberg

Empire Financial Daily,
Friday, January 7, 2022
I can remember it so clearly... It was 1997, and I was working at my desk at the San Francisco Chronicle, where I wrote a daily business column. We were in the thick of the market melt-up when the only thing everybody wanted to talk about was the latest hot-tech initial public offering ("IPO"). (Sound […]

The Update Issue: Goodbye to an Old Friend, Another Big Music Catalog Sale, Good News for HBO Max, People Still Quitting Their Jobs, Cleaner Textiles

By Berna Barshay

Empire Financial Daily,
Thursday, January 6, 2022
It's important to remember that first movers in technology don't always end up the permanent winners... I write about tech giants Apple (AAPL) and Alphabet (GOOGL) so often here at Empire Financial Daily that it's hard to remember a time when iOS and Android didn't dominate the smartphone space. But those of us with long […]

The Great Societal Promise – and Risk – of This Booming Investment Trend

By Berna Barshay

Empire Financial Daily,
Wednesday, January 5, 2022
It's one of the biggest trends in the market right now... I'm talking about environmental, social, and governance ("ESG") investing. I explained what ESG is in the August 23 Empire Financial Daily, which covered last summer's extremely alarming UN report on climate change... ESG investing takes into account the financial risks and opportunities presented by […]

'I Can't Believe These Companies are Still in Business'

By Herb Greenberg

Empire Financial Daily,
Tuesday, January 4, 2022
We were chatting internally last week about a list of companies a short seller we know had mentioned. They included two old favorites – BlackBerry (BB) and Eastman Kodak (KODK). Without skipping a beat, Sam Latter, Empire's Editor in Chief, chimed in... When I look at this list and think, "I can't believe this company […]

The Biggest Lesson I Learned While Earning a PhD in Finance

By Steve Sjuggerud

Empire Financial Daily,
Monday, January 3, 2022
Editor's note: Empire Financial Daily editor Berna Barshay is traveling today, so we're sharing some timeless wisdom from our good friend Dr. Steve Sjuggerud. Longtime readers know that Steve is one of the most accomplished (and longest-tenured) analysts in our industry who has made a name for himself over the years by nailing some of […]

How to Get High, Risk-Free Returns

By Bill McGilton

Empire Financial Daily,
Saturday, January 1, 2022
It's a terrible time to be a saver... Inflation is moving higher... And interest rates are still close to zero. In today's essay, I want to discuss what's happening with inflation... and I want to share with you a way to earn 7.12% in a risk-free government debt instrument. Yes, I said 7.12% risk-free... Here's […]
Whitney Tilson

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About Berna

Berna Barshay is editor of Empire Financial Daily and a contributing editor to the Empire Stock Investor and Empire Investment Report newsletters.

She graduated cum laude from Princeton University and earned her MBA from Harvard Business School in 1997.

Following her graduation, Barshay spent 20 years on Wall Street. She began her career in equity derivatives at Goldman Sachs and later worked as a buy-side equity analyst at Sanford Bernstein, where she covered global consumer cyclicals and conglomerates.

Later, Barshay spent five years working as a portfolio manager of the Ingleside Select Fund, a long/short fund with a focus on value and event-driven stocks. She later was a portfolio manager at Swiss Re, where she managed the Consumer long/short book on the equity proprietary trading desk.

She has additional experience as a buy-side analyst at several long/short hedge funds – including Sky Zone Capital, Metropolitan Capital, Buckingham Capital, and LaGrange Capital – where she primarily covered consumer and technology, media, and Internet stocks in the U.S. and Europe, with some additional work in financials and energy.

Barshay is a fashion enthusiast, a pop culture addict, obsessive indoor cycler, and prolific social media user. She currently lives in New York with her husband, daughter, and three dogs.