Dan Niles' Satori Fund is beating the market this year. The hedge fund manager shares how he's trading as recession looms.
It's been a tough year for the stock market, but investors who are hoping that the worst is over could be in for a surprise, according to hedge fund manager Dan Niles. He believes the S & P 500 will see a Santa Claus rally before hitting a new low in 2023.
Shorting is a strategy where investors bet the price of a stock will fall. Conversely, investors take on long positions with the expectation that the stock will rise in value. Niles said his strategy was: "Be short something that we think is overly expensive, be long something that we think has gone down but has a fundamental reason to change, and then try to have those two things close. And I think that's what you're going to see later this year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More than 500 migrants arrive in Italy as rescue ships dockItaly, which has vowed a tough line on immigration, took in more than 500 migrants on Sunday as two charity rescue ships were allowed to dock at ports in the south of the country after several days at sea in bad weather.
Read more »
Exclusive: Air India nears historic order for up to 500 jetsAir India is close to placing landmark orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious renaissance under the Tata Group conglomerate, industry sources said on Sunday.
Read more »
Watch: Tesla Semi's 500-Mile Drive On One ChargeJust days before this delivery day — that came after 5 years — the automaker tested the Tesla Semi for a 500-mile run on a single charge,
Read more »
'500-pound brick off of my back' Brittney Griner's father thanks President Biden bringing her homeBrittney Garner has returned home to the U.S. after 10 long months, and her father Raymond Griner told FOX 26, 'All my stress has gone down.'
Read more »
How the 1950 NASCAR Southern 500 at Darlington Changed EverythingNASCAR 75: One in a series of 75 stories that helped define the first three quarters of a century of NASCAR, as Autoweek races to the 2023 Daytona 500.
Read more »
‘Donte’s Gift Express’ to surprise East Cleveland residents for 10th yearVolunteers are recruited from all corners of the Northeast Ohio region on an annual basis to take part in the organization’s signature community service project.
Read more »