In this episode of Joe’s Happy Hour, Joe Fahmy sits down with JC Parets, founder of TrendLabs and one of the most recognizable voices in technical analysis, for a wide-ranging conversation on markets, investing, and the mindset behind long-term success.
JC breaks down how he approaches portfolio construction, why diversification means more than simply owning stocks and bonds, and why every investor should start by understanding what they’re actually trying to accomplish with their money. They dive into active vs. passive investing, sector rotation, the recent weakness in technology, the strength of financials, and what global markets may be signaling beneath the surface.
The conversation also explores rising interest rates, the potential vulnerabilities of the traditional 60/40 portfolio, commodities and energy, and why JC looks at markets across the entire world to identify where leadership is emerging. They discuss long-term market cycles, AI as a potential driver of the next major economic expansion, and what would need to change for JC to become more cautious on the current bull market.
Later, JC shares stories from his life outside the charts, including becoming a certified sommelier, owning a winery, his love of New York and travel, raising three kids, and why gratitude helps him stay grounded through both winning and losing trades. He also shares the advice he would give his younger self: write every day, organize your thoughts, and keep learning.
Whether you’re an active trader, long-term investor, or simply fascinated by how markets work, this episode is packed with market insight, practical perspective, and plenty of laughs between two longtime friends.
Chapter Markers:
00:00 – JC Parets joins Joe’s Happy Hour
09:45 – Active vs. passive investing and portfolio strategy
17:40 – Tech weakness, sector rotation, and market breadth
23:00 – Why financials could be signaling market strength
30:00 – The risks facing traditional 60/40 portfolios
35:30 – JC’s global approach to analyzing markets
42:40 – Long-term market cycles, innovation, and AI
47:00 – Rising interest rates and what could change the bull case
52:45 – Becoming a certified sommelier and owning a winery
59:45 – Gratitude, trading psychology, and handling losses
1:02:45 – JC’s advice to his younger self
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