Episoder
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Jayson Bronchetti, Chief Investment Officer for Lincoln Financial, joins The Express to deliver the realities of what happens after the Fed cuts rates, and what to expect from the stock market in this unpredictable election year. Plus, why big institutional investors and insurance love companies love private markets as the number of public companies continues to dwindle. And, the hyper-concentration of stock market winners over the past year has a growing number of active portfolio managers betting on a smaller pool of high cash flow stocks than ever.
LINKS FOR SHOW NOTES
https://www.investopedia.com/terms/d/dispersion.asp
https://www.investopedia.com/elevated-vix-highlights-persistent-market-fear-4580400
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8659358
https://www.youtube.com/watch?v=U1prSyyIco0
https://www.lincolnfinancial.com/public/aboutus/companyoverview/whoweare/leadership/jaysonbronchetti
https://www.cboe.com/us/indices/dispersion/ -
Kyla Scanlon, who coined "The Vibe Economy", climbs back aboard The Express to check in on the vibes of consumers and investors following the release of her new book, 'In This Economy?". Kyla explains why people feel disconnected from the economy, and how to help them find their role in it. Plus, consumers are becoming much more discerning about their discretionary spending, and that is having a profound effect on the 'experience' economy. And, if you are looking for divergences in the stock market as it dances around record highs, there are plenty to choose from.
LINKS FOR SHOW NOTES:
https://www.investopedia.com/terms/m/mcclellanoscillator.asp
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8656394
https://www.investopedia.com/private-credit-vs-private-equity-7565530
https://www.penguinrandomhouse.com/books/737854/in-this-economy-by-kyla-scanlon/
https://kylascanlon.com/
https://www.truistsecurities.com/insights
https://www.investopedia.com/terms/o/opportunitycost.asp -
Manglende episoder?
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Julian Hebron of The Basis Point rejoins the show to myth-bust many of the media reports that have painted the real estate market with a broken brush. From affordability to supply, and the impact of A.I. to the seminal broker commission settlement, Julian shows why potential homebuyers and sellers are in the sweetest spot they've been in for years. Plus, more investors are sniffing around the junk bond market in search of higher and higher yields, but the rising stench of defaults is sending our warning winds. And, while the stock market makes new record highs behind the strength of Nvidia, consumer discretionary stocks have not been invited to the party.
Links for show notes:
https://www.investopedia.com/what-a-shorter-stock-trade-settlement-known-as-t-1-means-for-you-8653078
https://www.investopedia.com/what-the-sec-pivot-to-approve-spot-ether-etfs-means-8653633
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8653037
https://thebasispoint.com/
https://allstarcharts.com/blog/ -
From WealthStack at Inside ETFs, a conversation on building portfolios for the future that are built to withstand inflation, geopolitical uncertainty and volatility, with David Blanchett from PGIM, Jonathan Shelton from KraneShares and Michael Meehan from Nuveen. From farmland investing to China and Carbon Capture, professional investors are leaning into alternatives in ways that were hard to imagine just a few years ago. Plus, why last week's meme stock mania does not have the legs of the one we lived through in 2021. And, why now is such a special time to be a shareholder.
LINKS FOR SHOW NOTES
https://www.investopedia.com/terms/s/shortinterest.asp
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-may-20-2024-8650191
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
https://www.investopedia.com/terms/d/dividendpayoutratio.asp
https://kraneshares.com/#
https://www.pgim.com/dc-solutions/home
https://www.nuveen.com/en-us/insights
https://www.ndr.com/media -
Tom Sosnoff, the visionary fintech entrepreneur who created Think or Swim and TastyTrade, rejoins The Express to talk about why we need to be teaching Risk as part of financial literacy, why investors need to lose in order to win, and what the future of trading and investing technology looks like over the next ten years. Plus, some of the top performing global markets in the world are all in South America. What's up down below?
LINKS FOR SHOW NOTES
https://www.investopedia.com/cpi-inflation-april-2024-preview-8646157
https://www.tastylive.com/talent/tom-sosnoff
https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_051024.pdf
https://www.investopedia.com/legendary-investor-and-quant-king-jim-simons-dies-at-86-8646726 -
The Express returns to Omaha, Nebraska where tens of thousands of Berkshire Hathaway shareholders have gathered for 60 years to hear words of wisdom from Warren Buffett and listen to how he intends to keep growing their investment. Absent this year, of course, was Charlie Munger, Berkshire's former Vice-Chairman and Buffett's partner in building the conglomerate, who passed away last November just one month shy of his 100th birthday. We caught up with the Berkshire faithful as they shopped til they dropped and listened to Buffett's succession plans as he passes the reins to Greg Abel and Ajit Jain.
LINKS FOR SHOW NOTES
https://sentimentrader.com/blog
https://opensea.io/collection/boredapeyachtclub
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-may-5-8643141
https://www.investopedia.com/terms/b/buyback.asp
https://www.investopedia.com/investors-aren-t-worried-right-now-but-they-re-not-buying-either-8642075
https://www.investopedia.com/key-takeaways-warren-buffett-berkshire-hathaway-annual-meeting-2024-8643567
https://www.youtube.com/watch?v=r1E20HeIvRc
https://www.investopedia.com/4-key-takeaways-from-apple-q2-2024-earnings-call-8642680 -
Carson Block, CEO of Muddy Waters Research, joins The Express to explain how one of the most influential short sellers identifies the frauds, the lies, the half-truths and the warning signs that companies sometimes use to dupe investors. Block discusses why his firm and others are looking deep into the commercial and residential real estate markets for what might be rotting inside balance sheets, and the catchphrases investors should be aware of inside corporate filings. Plus, retail investors took an extended spring break in April, but may have rediscovered their favorite stocks.
LINKS FOR SHOW NOTES
https://www.investopedia.com/terms/s/stagflation.asp
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8639418
https://muddywatersresearch.com/
https://www.vandaresearch.com/news/
https://www.investopedia.com/1973-energy-crisis-definition-5222090
https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_042624A.pdf -
Bethany McLean, author of best-selling books including, "The Smartest Guys in the Room", and "All the Devils are Here", climbs back aboard to The Express after receiving the SABEW Distinguished Achievement Award, to talk about how she broke open some of the biggest business stories of the past thirty years. From Enron to Elon Musk's SolarCity, Bethany talks about how she developed her sense of wrongdoing, her battles challenging the Power and the Powerful, and whether America's style of capitalism can be saved.
LINKS FOR SHOW NOTES
https://www.investopedia.com/terms/e/equityriskpremium.asp
https://www.calpers.ca.gov/page/newsroom/calpers-news/2024/calpers-will-increase-private-markets-investments
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8635421
https://podcasts.apple.com/us/podcast/inside-high-speed-business-cycle-private-equity-prepares/id1529322197?i=1000500819175
https://www.penguinrandomhouse.com/authors/229011/bethany-mclean/
https://www.capitalisnt.com/
https://www.investopedia.com/terms/f/failuretodeliver.asp
https://www.investopedia.com/terms/n/nakedshorting.asp -
Over the past 100 years, Edward Jones has become a ubiquitous financial advice business with over 15,000 locations in North America overseeing $2 trillion in household assets. Penny Pennington, CEO and Managing Partner of Edward Jones joins The Express to talk about what American families are doing with their money, what they are worried about, and how they intend to transfer their wealth to their kids and grandkids. Plus, Volatility is back after a long nap, and it is shaking up individual stocks and the major averages. Is this the beginning of a correction, or just the natural cycle of capital markets in the 21st century?
LINKS FOR SHOW NOTES
https://www.investopedia.com/terms/v/vix.asp
https://www.costco.com/1-oz-gold-bar-pamp-suisse-lady-fortuna-veriscan-new-in-assay.product.4000186760.html
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8630573
https://www.edwardjones.com/us-en/why-edward-jones/news-media/thought-leadership/firm-leadership/penny-pennington
https://www.cfraresearch.com/insights/ -
Sam Stovall, Chief Investment Strategist at CFRA, rejoins The Express to put stock market pullbacks in perspective, and why the recent declines are to be expected and relatively minor given historical averages. Plus, there is a growing chorus of Fed presidents who don't think interest rate cuts are warranted at all this year given the hot labor market and persistent inflation. Do investors and savers need to get used to, "higher until whenever", for interest rates, which might explain the heaviest inflows into money market funds that we've witnessed all year? Also, glam-metal legends KISS sells its catalogue and its NIL for $300 million as Name, Image and Likeness moves from the field to the recording industry.
https://www.bespokepremium.com/
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_040524A.pdf
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8624383
https://www.sifma.org/people/sam-stovall/
https://www.investopedia.com/name-image-likeness-8558991
https://pophouse.se/news/pophouse-acquires-the-music-catalogue-brand-name-and-ip-of-legendary-rock-band-kiss/
https://www.cfraresearch.com/about/
https://www.amazon.com/Books-Sam-Stovall/s?rh=n%3A283155%2Cp_27%3ASam+Stovall -
Claudia Sahm didn't coin the "Sahm Rule", but she has taken on the responsibility that comes with having an economics rule and recession indicator named after her. The macroeconomist who worked at the Federal Reserve and the White House Council of Economic Advisers joins The Express with her forecast for the U.S. economy, including what could go very right, and what could go very wrong. Plus, divergences across the stock market make this recent run to all time highs even more interesting. Happy financial literacy month!
Links for show notes:
https://www.investopedia.com/terms/d/dowtheory.asp
https://allstarcharts.com/blog/
https://dogwifcoin.org/
https://www.investopedia.com/bitcoin-halving-4843769
https://restorethemagic.com/wp-content/uploads/2024/03/Disney-Trian-White-Paper-2024.pdf
https://stayathomemacro.substack.com/
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8622016 -
Ryan Detrick, Chief Market Strategist at The Carson Group, climbs back aboard The Express to break down the recent 'Everything Rally', and why history and recent economic data suggest that this trend in motion should stay in motion. Plus, companies are piling on the dividends and the share buybacks to entice investors and jolt their earnings. Investors are scooping up those benefits and are as confident in future returns as they've been in a long time.
Links for show notes:
https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20240320.htm
https://www.investopedia.com/individual-investors-optimism-grows-albeit-cautiously-as-stocks-back-off-highs-8611333
https://www.investopedia.com/articles/02/041702.asp
https://www.janushenderson.com/en-us/advisor/insights/global-dividend-index/
https://www.spglobal.com/spdji/en/corporate-news/article/sp-500-q4-2023-buybacks-increase-180-compared-to-q3/
https://www.carsongroup.com/insights/
https://www.carsongroup.com/insights/blog/why-high-interest-rates-havent-hurt-the-consumer-and-maybe-even-helped/
https://www.investopedia.com/terms/a/antitrust.asp
https://www.investopedia.com/terms/s/sherman-antiturst-act.asp
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-march-25-2024-8613096 -
Cannabis sales and prices are falling apart in the Golden State as overproduction and a glut of dispensaries have far outpaced demand. Can cannabis tourism rescue the industry, or will the stigma of the Schedule 1 controlled substance linger over a state that has been built on family fun destinations like Disneyland and Universal Studios? From the Visit California Outlook Forum in Palm Springs, a panel conversation with Peter Gamez, the President and CEO of Visit Oakland, Wendy Hasse-Roberts, the President and CEO of Travel Santa Ana, and Brian Applegarth of Destination Cannabis. Plus, sector rotation is under way in the stock market as energy stocks take the lead and tech stalls. Is this a sign of lower lows for the market, or just a reset and a wink back at the year 1995?
LINKS FOR SHOW NOTES:
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8609500
https://www.investopedia.com/terms/c/committee-foreign-investment-united-states-cfius.asp
https://industry.visitcalifornia.com/events/past/outlook-forum-2024
https://www.linkedin.com/in/brian-applegarth/
https://theemeraldcup.com/
https://www.investopedia.com/marijuana-legality-by-state-4844504 -
Gold prices are at all time highs as the precious metal is having another moment in the sun amid geopolitical uncertainty, sticky high inflation and the highest interest rates in over 20 years. Louise Street of the World Gold Council, a membership organization of some of the biggest gold miners and companies in the world, explains why investors are leaning back into this historical store of wealth. Plus, the biggest stocks in the market are fading as the rest of the market plays catch up. Is this the sign of a healthy bull market, or a late-cycle fade in this historically strong bull market.
LINKS FOR SHOW NOTES:
https://www.investopedia.com/why-did-gold-prices-hit-all-time-highs-8604361
https://www.garzarelli.com/
https://www.investopedia.com/feb-2024-jobs-report-8606247
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8606449
https://thegoldenthread.gold.org/
https://www.gold.org/what-we-do
https://www.gold.org/news-and-events/press-releases/geopolitical-and-economic-uncertainty-bolster-gold-demand-and-prices
https://www.upjohn.org/labor-leverage-ratio -
Markets are setting record highs across sectors and asset classes and investors get even more comfortable taking on risk. Matt Hougan, the Chief Investment Officer of Bitwise joins The Express with a front row seat inside the storm of assets flowing into those new spot Bitcoin ETFs, including Bitwise's BITB. Hear why Matt thinks this surge in inflows is just the beginning, and how big the Bitcoin ETF market can be in the next five years.
LINKS FOR SHOW NOTES
https://business.bofa.com/en-us/content/market-strategies-insights/weekly-market-recap-report.html
https://www.aaii.com/sentimentsurvey
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8603107
https://bitwiseinvestments.com/crypto-market-insights
https://bitbetf.com/ -
Jim Bianco, the President and Macro Strategist at Bianco Research, tells us why Wall Street might be very wrong about rate cuts, inflation, crypto ETFs and the bond market. Plus, he compares the rise of A.I. stocks and crypto with other frothy periods in history and explains how these usually play out. Plus, the meteoric rise of Nvidia and other chip stocks has brought out the options army in full force. They are calling for much higher prices. Will they be 'in the money'?
LINKS FOR SHOW NOTES
https://www.investopedia.com/berkshire-hathaway-fy2023-earnings-key-takeaways-8599175
https://www.investopedia.com/terms/a/average-daily-float.asp
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8599318
https://www.biancoresearch.com/visitor-home/
https://twitter.com/biancoresearch
https://www.berkshirehathaway.com/2023ar/2023ar.pdf -
JC Parets of AllStarCharts rejoins the show to help us identify the weaknesses across the capital markets as the major equity indices dance around all time highs. Why we need to pay attention to the strengthening Dollar, the Polish Zloty, Copper prices and tumbling Treasuries to know what will happen next to the stock market. Plus, are we witnessing Meme Stock 2.0 as stocks like Abercrombie & Fitch, Super Micro Computer, Texas Roadhouse and WingStop have been on head-spinning rallies? What's similar, but very different about this recent bout of irrational exuberance.
LINKS FOR SHOW NOTES:
https://www.cftc.gov/sites/default/files/idc/groups/public/@swaps/documents/file/hr4173_enrolledbill.pdf
https://www.investopedia.com/terms/b/buyback.asp
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8584380
https://allstarcharts.com/blog/
https://www.welcomeuruguay.com/vinos/uruguayan-tannat.html -
Sonia Dumas, a futurist and co-founder of Campaign Coach A.I., joins the show to explain how A.I. is being used across industries from real estate to financial planning to enhance productivity and profitability, and why we there is nothing 'artificial' about it. Plus, more record highs for the stock market despite very thin breadth is just one reason doubters don't think this rally can last. Also - it's been a tough market for cheap stocks as investors keep favoring the biggest, most expensive companies.
LINKS FOR SHOW NOTES
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8575023
https://www.investopedia.com/what-you-need-to-know-ahead-of-closely-watched-cpi-inflation-report-8575435
https://www.investopedia.com/terms/f/form-13f.asp
https://www.investopedia.com/terms/r/russell_1000index.asp
https://www.investopedia.com/terms/a/artificial-intelligence-ai.asp
https://www.linkedin.com/in/soniadumas/ -
Matt Garland, aka 'MG The Mortgage Guy', on what to expect for the U.S real estate market this Spring as mortgage rates fall and demand comes storming back. Whether you are a potential buyer, seller, investor, or broker, Matt shares his best advice on how to prepare to capitalize on the real estate reawakening. Plus, the stock market tops more record highs, but there are rising rumblings about the strength of one of the narrowest bull markets in history. And, why investors should hope for a blowout in Sunday's Super Bowl.
LINKS FOR SHOW NOTES:
https://www.investopedia.com/what-we-learned-from-big-tech-earnings-enterprise-ai-is-paying-off-8557870
https://www.investopedia.com/individual-investors-warming-to-the-rally-as-markets-touch-new-highs-8556574
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-feb-5-2024-8557875
https://www.super.social/ss/mgthemortgageguy
https://www.investopedia.com/terms/s/superbowlindicator.asp -
Peter Oppenheimer, the Chief Equity Global Strategist and head of Macro Research at Goldman Sachs in Europe, explains the new Post Modern Cycle investors are living in, and what it means for our future returns. Plus, we are investing in the land of giants again as Microsoft tops the $3 Trillion in market value and several other companies join the Trillionaires Club. But that's not stopping them from cutting jobs at an alarming rate.
LINKS FOR SHOW NOTES:
https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_012624A.pdf
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8550235
https://www.goldmansachs.com/media-relations/in-the-news/current/oppenheimer-oped-folder/bio-oppenheimer.pdf
https://www.goldmansachs.com/intelligence/topics/economic-outlooks.html
https://www.amazon.com/Long-Good-Buy-Analysing-Markets-ebook/dp/B086Z82KRW
https://www.investopedia.com/terms/i/idiosyncraticrisk.asp - Vis mere
