Can the S&P 500 squeak by with another winning session? Watch for comments from Fed Chairman Jerome Powell to come and another Treasury bond auction.
His view on Hyster-Yale is that “valuation is going to support today’s price, regardless,” and for that same reason he owns chip maker Qualcomm QCOM, -0.55% and banking heavyweight Goldman Sachs GS, +0.19%. “So even if we think the market will be facing a headwind over the next six to nine months, some of these names are going to hold up just fine, and some of them are making money in the near term,” he said. “And if it turns out that this is the beginning of a new bull market, these things will all rally by 15% to 25% in six months.”
He’s also got a short position on Mister Car Wash MCW, +0.16%, which has “leveled up car washes across the country” and whose “special sauce” is all about getting people to pay for subscriptions and clean vehicles more often.
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