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My market predictions




By Michael O’Connor

While recent inflationary data has been positive and pricing pressure has been on a downward trend, we are not out of the woods just yet.

As we move forward, the focus will likely shift from rising inflation to softening economic data and the negative effects this may have on company earnings.

For now, we are likely in the interlude between inflation peaking and economic data slowing significantly, somewhat of a momentary sweet spot.

Remember, there will always be risk. The particular risk that we are most preoccupied with just changes over time.

Market Outlook

I'm not bearish, but I do think that return expectations need to be modified.

We have just ended a period of unprecedented liquidity. Money was free. The Fed Funds Rate sat at 0.3%. The 10-year Treasury was 0.72%. The federal reserve doubled its balance sheet from $4.5 Billion to $9 Billion.

These were not normal conditions, and these conditions gave rise to unadulterated risk-taking.

The market is now resetting to more 'normal' conditions where the Fed is no longer willing to remove any and all downside risk.

Moving forward, the market recovery is more likely to be more U-shaped than V-shaped this time around. This simply means a recovery will take longer than we have recently experienced as the liquidity and support that fuelled previous reversals gets stripped out of the market.

That's not to say that upside doesn't exist. There is still an abundance of companies with the ability to generate consistently strong earnings over time. Still, the general upward trend of the market may be slower relative to what we have experienced in recent years. Liquidity pulled forward a lot of the expected returns, and that will take time to reset.

My Holdings

In my view, pullbacks in the stock market are still buyable. I recently topped up positions in Microsoft and Berkshire Hathaway, for example.

Other names I have been purchasing are less focused on pullbacks and more on the shift in secular trends in the market. An energy market that has experienced a complete lack of investment in infrastructure in the past decade, growing demand and no immediate substitute has created some powerful supply/demand dynamics for the likes of Exxon. Stranded asset risk exists but still represents a solid medium-term play and has worked well so far this year as other areas detract.

Finally, I will re-look at some decimated stocks over the coming weeks. Twilio is down +80% in recent months (currently trading at roughly $72 off a high of $435), but Q2 earnings beat expectations, and I do like the long-term viability of the company, so it's time to see if the current price represents a more digestible entry point. Bear in mind, momentum is still very much against this one, and lack of profitability will likely keep it out of favour over the short term.

For free weekly stock tips and direct access to my personal investment portfolio, go to



The actor to play Michael Collins revealed

Killarney Musical Society has revealed that the renowned Keith Dwyer Greene will take the lead role in ‘Michael Collins A Musical Drama’. The society is in the final stages of […]




Killarney Musical Society has revealed that the renowned Keith Dwyer Greene will take the lead role in ‘Michael Collins A Musical Drama’.

The society is in the final stages of preparation  for  its March 5 to 7 performances at the INEC.

Final rehearsals are in full flight at the Heights Hotel and earlier this week Keith Dwyer Greene arrived in full costume.

He had spent the day with the army’s The Band 1 Brigade of The Irish Defence Forces, where he is a full-time flautist.

He is also co-owner and founder of The Bellevue Academy of Performing Arts.

Keith trained in music and musical theatre in University College Cork and The Cork School Of Music.

“He has performed with many musical societies and had many great leading roles. He worked with the late Bryan Flynn who wrote the book, music and lyrics of ‘Michael Collins A Musical Drama’. He has great admiration for him and says what he did with this show is genius. Keith says he adores the role of Michael Collins,” explained PRO Linda O’Donoghue.

Flynn’s book, music and lyrics can only be secured by two musical society’s each year.
Michael Collins A Musical Drama is a moving, dynamic, resonant piece of musical theatre.

It is the dramatization of a changing period of Irelands history. It brings to life The 1916 Rising, The War Of Independence and The Civil War.

“At the same time it is telling an intimate, human love story and how love and politics inflamed the period. This musical drama has war, heroism, love, villainy, tragedy and triumph all wrapped up. It has a distinctly Irish voice. Such numbers as ‘Fly the flag of Freedom ‘ will have the hairs standing on the back of your neck and ‘Every Heart Awaken ‘ will bring tears to your eyes,” added Linda.

Tickets available at The INEC box office and from a pop-up box office at The Laurels Bar, Market Cross from 12 noon to 4pm on Friday and Saturday this week.


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Gleeson Dental now offering facial aesthetics

Gleeson Dental, located on St Anthony’s Place, is now offering facial aesthetics. It is the latest offering from the town centre practice. Dr Susan Gleeson graduated as a general dental […]



Gleeson Dental, located on St Anthony’s Place, is now offering facial aesthetics.

It is the latest offering from the town centre practice.

Dr Susan Gleeson graduated as a general dental surgeon 27 years ago.

She previously worked in England and Cork before returning home to Killarney in 2009 to take over her father’s dental practice with her sister Katie.

“More recently, I decided to pursue my keen interest in facial aesthetics. Hence, I embarked on an intensive training course,” she told the Killareny Advertiser.
“This mentorship is under the guidance of Dr Sheila Li, a Harley Street based dentist with over 10 years’ experience in facial aesthetics. Every year following an interview process, Sheila takes on six trainees and I was lucky enough to get this amazing training opportunity.”
The course is a year-long process involving in-depth learning and hands-on clinical training days in Dr Sheila’s Harley Street clinic.
The course, also, extends to treatment planning cases with Dr Sheila, thus allowing access to her vast knowledge when planning treatments for Dr Gleeson’s patients.
“Therefore, I am now able to offer a vast array of facial aesthetic treatments at Gleeson Dental. These treatments include the use of Botox to reduce the appearance of fine lines and wrinkles. In addition to this, Botox has a wide range of additional applications, including the treatment of tooth grinding, headaches, gummy smiles, neck bands and excessive underarm sweating,” she added.
Dermal filler treatments are, also, available to treat issues related to volume loss while skin booster treatments such as Sunekos and Profhilo can be used to regenerate and rehydrate tired looking skin.
Facial aesthetics may conjure up images of over-filled expressionless people but Susan hopes to change people’s view of it.


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