David Snyder
@mysterybroker.bsky.social
The renowned Mystery Broker, as featured on CNBC's Closing Bell with Michael Santoli. https://journey1advisors.com
NVDA is trading at a multi-year low P/E of 25. It is a cyclical stock. Earnings declined 35% in 2019 and 32% from 7/22-7/23. It is trading like a commodity stock, predicting an earnings peak in year or 2. Sell these at low P/E's and buy them at high P/E's. Still holding, but beware.
January 6, 2026 at 6:54 PM
NVDA is trading at a multi-year low P/E of 25. It is a cyclical stock. Earnings declined 35% in 2019 and 32% from 7/22-7/23. It is trading like a commodity stock, predicting an earnings peak in year or 2. Sell these at low P/E's and buy them at high P/E's. Still holding, but beware.
Productivity growth is not a panacea. Productivity grew at an annual rate of 3.2% from 2000-04, higher than the 3.0% rate from 1995-99, but S&P 500 real annualized returns averaged -5%. Aggregate hours worked declined 0.6% per year and GDP growth slowed to a 2.7% annual rate vs. 4.3% from 1995-99.
January 2, 2026 at 5:17 AM
Productivity growth is not a panacea. Productivity grew at an annual rate of 3.2% from 2000-04, higher than the 3.0% rate from 1995-99, but S&P 500 real annualized returns averaged -5%. Aggregate hours worked declined 0.6% per year and GDP growth slowed to a 2.7% annual rate vs. 4.3% from 1995-99.
To clarify I do not now have a sell on the stock market but have strong conviction that the secular bull market will end within 2 years.
January 2, 2026 at 5:04 AM
To clarify I do not now have a sell on the stock market but have strong conviction that the secular bull market will end within 2 years.
After my interview with Michael Santoli on CNBC's Closing Bell I have posted on my website a 35 page 20,000 word "Overview of the Financial Markets" research that covers 20 different topics. Many contrarian views and myths dispelled. Research is free at journey1advisors.com
January 2, 2026 at 5:01 AM
After my interview with Michael Santoli on CNBC's Closing Bell I have posted on my website a 35 page 20,000 word "Overview of the Financial Markets" research that covers 20 different topics. Many contrarian views and myths dispelled. Research is free at journey1advisors.com
Reposted by David Snyder
We had a lengthy discussion on the air about his background and current view that the secular bull market is in a late phase, with valuations and macro conditions presenting a challaneging starting point for forward returns. See and read about it here...
Mike Santoli's long-time 'Mystery Broker' is revealed, says bull run 'going to end' within two years
"Mystery Broker" joined CNBC's Michael Santoli on "Closing Bell" Tuesday, where MB's identity was revealed to be David Snyder.
www.cnbc.com
December 30, 2025 at 9:21 PM
We had a lengthy discussion on the air about his background and current view that the secular bull market is in a late phase, with valuations and macro conditions presenting a challaneging starting point for forward returns. See and read about it here...
Reposted by David Snyder
As we just teased on the air, the identity of the #MysteryBroker will be revealed tomorrow when he joins me on CNBC's Closing Bell at 3pm Eastern. He'll be offering a fairly provocative market outlook as well.
Here's some background on this source, whom I've quoted since 2009.
Here's some background on this source, whom I've quoted since 2009.
The story behind the savvy 'Mystery Broker' and where he sees the market going now
The history of the canny and clear-thinking financial advisor who has come to be known in print and on Twitter as the Mystery Broker.
www.cnbc.com
December 29, 2025 at 9:13 PM
As we just teased on the air, the identity of the #MysteryBroker will be revealed tomorrow when he joins me on CNBC's Closing Bell at 3pm Eastern. He'll be offering a fairly provocative market outlook as well.
Here's some background on this source, whom I've quoted since 2009.
Here's some background on this source, whom I've quoted since 2009.