Season 7 · Episode 9

Tariff Dips Create Buying Opportunities: Petra Bakosova, Hull Tactical

The Contrarian Investor Podcast · Nathaniel Baker

May 13, 202527m 14s

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Show Notes

Petra Bakosova of Hull Tactical joins the podcast to discuss her views on the Federal Reserve, labor markets, the impact of tariffs, and what this all means for financial markets.

This podcast episode was recorded on May 8, 2025. An 'actionable highlights' reel was published that day for premium subscribers, who also received the full podcast episode the day after recording. Sign up for premium membership packages on our Substack.

Content Highlights

The Fed last week expressed concerns about risks in the labor market. There is nothing in any of the data that bears this out yet. However, there are other ways that tariffs have had an effect (3:36);
Hull Tactical has been "close to 100% invested" and views this as a good time to be active allocating risk (6:14);
Background on the guest (10:28);
Philosophy behind Hull Tactical's investment strategy (12:45);
The danger of 'overfitting': Data will confess to anything if you torture it long enough. How to guard against it (16:51);
Blackjack and how it inspired the strategy (21:31).