Happy Saturday! Here are the top questions from Ask Titan Anything this week. As always, let us know if you have any questions.
Q: Any interesting areas of opportunity/themes to look at right now?
An interesting / fairly idiosyncratic area that we may dig into further is a shortage in nursing agency staffing that has persisted longer than many expected. With the S&P 500 down ~23% and the Nasdaq down ~31% YTD, we believe there are pockets of the market that are starting to get quite interesting – nursing staffing included. For example, Cross Country Healthcare (CCRN) is an outsourced, traveling nurse staffing agency that can potentially be extremely asset-light, given these firms are primarily just taking a markup on typical nursing salaries before passing them on to the operator (customer).
- Christopher Seifel, Investment Analyst
Q: If I want to reallocate between strategies within my Titan IRA, am I ok processing a withdrawal to Titan cash and then reinvesting?
Yes! If you want to re-allocate capital, you can move invested capital from a specific strategy to Titan Cash and from Titan Cash to your desired strategy.
- Jack Sullivan, Investor Relations
Q: What happened in markets to end the week?
Stocks tumbled Friday to cap a brutal week for financial markets, as surging interest rates and foreign currency turmoil heightened fears of a global recession. The S&P 500 slid 1.72% in trading on Friday and the Nasdaq dropped 1.8%. The S&P and Nasdaq shed 4.65% and 5.07% and the market has been transitioning quickly from worries over inflation to concerns over the aggressive Federal Reserve campaign. We'll be back to trading on Monday AM.
- John DeYonker, Investor Relations
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