All Episodes

Displaying 1 - 30 of 130 in total

'Boring' is becoming the new 'interesting'

Special Guest: Brian Kersmanc - Portfolio Manager - GQG Partners

Tax Cut Trump or Tariff War Trump?

Markets elect to rally but ballet box bond blues are a weakness. Campaigning for change presents opportunity but polling pressures trade and inflation create threats. 

Election week

Good goods growth so far for a strength while valuations pose a weakness. There is opportunity with Election Day on the doorstep but election angst is a threat. 

The Halloween Episode

Strength: The undead dollar. Weakness: Rates Ding Dong Ditch it. Opportunities: Bobbing for duration. Threat: Phantom Market Movement.

Recession warning signals

Retail sales stay strong while volatility remains in long rates. There's another chance to add duration but recession warning signals are beginning. 

AI's 'green shoots'

Stocks are the strength this week while yields up while certain asset prices are down are a weakness. There is opportunity to get growing at a reasonable price while v...

The jobs number and incoming earnings

Hard data supports a soft landing while returns may have discounted positive future fundamentals. There's an opportunity to get out of cash but rebounding inflation po...

China's shock and awe

China gooses its economy while US consumers aren't feeling confident. There was a big cut but little pain, possibly because easing might have been too little, too late. 

Housing, nukes, and volatility

Housing appears in both strengths and weaknesses this week. There is opportunity in small caps and natural gas while long yield and election volatility are threats. 

Fed week

Gold and tech in the strength column while the consumer weakens. Opportunity exists in the relative strength of individual equities post-sell off. The dual mandates of...

Too much emphasis on Fed rate cuts?

Another hangover like 2019?

Dr Brian Jacobsen, Chief Economist, and Ken Bellinger, Research Analyst present the Labor Day Weekend edition of the SWOT Podcast. 

Time to cut? The Fed vs The Market

There's broad Fed agreement at the Jackson Hole meeting that it's time to cut, but the Fed and the market are on different pages.

Volatility produces a lot of opportunity

Inflation continues to abate while the labor market weakens. Opportunity exists through volatility while the threat remains for a Fed policy error. 

Sometimes strengths can bleed over to weaknesses

Strength: inflation abation. Weakness: sales and earnings pressure. Opportunity: financials, dividend growers, and select growth stocks. Threat: a Fed delay.

"Trading last week looked...frightening"

Strength: bonds diversified stocks. Weakness: the labor market. Opportunity: selective stock selection. Threat: bad news is now bad news. 

Consumers gonna consume

It's what they do best, consumers consuming---and that's our strength this week. China grasping at straws is a weakness but there is opportunity to ride the market emo...

The danger of being too sure of the outcome

Strength: The Fed's tone is changingWeakness: Tech wreckOpportunity: Ride the rotationThreat: Snowballing negative sentiment

Beware the Red Queen

Strength: interest rate pressure might be subsiding. Weakness: risk to earnings forecasts. Opportunity: companies that disproportionately benefit from lower rates. Thr...

A political risk....but not THAT way

Modest progress toward inflation targets for strength but weakness with cracks in the credit armor. Opportunity exists with cheap protection but economic roadburn and ...

A big week for data

Our strength is continued US exceptionalism while concentration risks in the economy present weakness. Opportunity exists by not extrapolating the downward trend in mo...

Will the Fed act properly?

Nvidia (and chips) are strong while consumers are feeling pinched. There is opportunity with the acceleration of earnings but a threat remains if the Fed acts too litt...

A little too cozy in the Magnificent Seven?

Back on track for inflation but lingering weakness in transportation names. Opportunity with quality growth (and AI has legs!) but complacency in the Magnificent Seven. 

1st Tuesday November. A date with destiny?

Interest and dividends are helping retirees but higher rates may eventually bite. There are opportunities in infrastructure and utilities with AI but geopolitical risk...

Growth: Slowing to a crawl

Strength: Average stock is better than the index. Weakness: Auction anxiety is back. Opportunity: Oversold interest rate sensitives are good for a trade. Weakness: Gro...

NVIDIA kills it

NVIDIA is the coolest kid in the class but we're beginning to see a bifurcated economy. Opportunities exist by focusing on quality but a growth scare poses a threat. 

DOW 40k!

A 40,000 DOW is a strength while there are more cracks in the consumer's facade. Why sell in May when you can just stay? And a no-landing but turbulence ahead appears ...

Inflation. A messy sort of data.

Rising earnings expectations are a strength but is the labor market beginning to crack? An opportunity exists to rethink real assets but the threat of decelerating eco...

The Fed is navigating using a rearview mirror

A dovish tilt and buybacks are powering the market forward but there's weakness with cracks forming in the consumer facade. Market misconception is providing opportuni...

AI and earnings.

AI momentum continues while a bifurcated consumer is a weakness. AI requires real assets, that's an opportunity while sticky inflation remains a threat. 

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