30 percent of the wells produce 70 percent of the oil, and so much of the inefficient wells have been taken offline," he said. "The one thing people misunderstood when we see the rig counts collapse in the United States. If prices do creep higher, they will likely be offset by greater production, he added. Long-run stability of oil will likely fall between $60 and $80, Fink said. Read More Blackstone CEO: We're an 'earnings machine' The win rate is very high because we can make money even if. equities as we all know outperformed for three straight years Europe and Asia, and it's catch-up time. By: Jim Fink, Investing Daily As many of my readers know, my favorite option strategy is to sell out-of-the-money put credit spreads. I like Asian equities more today than U.S.
"I like European equities more today than I like U.S. consumers appear to be stashing rather than spending gasoline savings, Fink said.Īsian stocks are set to outperform as the region's net energy importers benefit from low oil prices. Cold weather and falling capital expenditures among American corporations may contribute to a weak first quarter, but the big surprise is that U.S. dollar (Exchange.DXY) is now a little too expensive, he said.
Read More Fink urges CEOs to stop being nice to investors We have one of the top-ranked European equity funds in the world and we're seeing huge inflows into our European equities."Įurope will be the surprise for the year, Fink said, adding that the prevailing belief that the continent will have higher GDP growth in the first quarter than the United States is "a huge change" from the market outlook four months ago. "If you think rates are going to stay that low longer, you're going to see more and more people moving into equities, into more alternatives," Fink said. They must now look for other ways of making returns.Įuropean Central Bank President Mario Draghi suggested on Wednesday that low interest rates in Europe will likely persist as the ECB continues its bond-buying program for another year or more. Those low interest rates are preventing BlackRock's insurance companies in Europe from reinvesting in Germany and Switzerland, he said. Besides his passion for analyzing and writing about stocks, Jim likes to hike in the desert Southwest, vacation in Las Vegas, play tennis, and feed his toddler son Cheerios.BlackRock is the world's largest asset manager, overseeing $4 trillion of investments. After attending business school, Jim switched gears to the investment realm full-time, working for a university endowment, a private wealth management firm, an insurance and financial planning company, and as a Senior Analyst for an online investment newsletter service that encourages the wearing of funny hats.Ī possible but unlikely descendant of legendary brawler and boatman Mike Fink, Jim defies his heritage, believing that investing success requires patience and analysis, not swashbuckling bravado. Prior to joining Investing Daily, and when not incurring student loans hiding out in academe, Jim practiced telecommunications regulatory law for nine years until he realized that he made more money trading stock options than writing briefs. For good measure, he has been a member of the Illinois and D.C. Hopelessly overeducated, Jim holds a bachelor's degree from Yale University, a master's degree from Harvard's Kennedy School of Government, a law degree from Columbia University, and an MBA from the University of Virginia's Darden School of Business. Jim also serves as an investment analyst at Investing Daily’s flagship investing publication, Personal Finance. He has traded options for more than 30 years and generated personal profits of more than $5 million. Jim Fink is chief investment strategist for Options for Income, Velocity Trader, and Jim Fink's Inner Circle.
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