231 episodes

Consuelo Mack has a long and distinguished career in business journalism. In 2005 she struck out on her own to launch her dream program, a weekly half-hour program on public television devoted to helping Americans build and protect their wealth over the long-term. Now in its eighteenth season, CONSUELO MACK WEALTHTRACK has been dubbed the “Cramer Antidote” by the press and Money Magazine named Mack “The Best Money TV Host.” WEALTHTRACK is the only program on television devoted to long-term diversified investing in all of the investments people care about. Support this podcast: https://anchor.fm/wealthtrack/support

WEALTHTRACK Consuelo Mack

    • Business
    • 4.6 • 194 Ratings

Consuelo Mack has a long and distinguished career in business journalism. In 2005 she struck out on her own to launch her dream program, a weekly half-hour program on public television devoted to helping Americans build and protect their wealth over the long-term. Now in its eighteenth season, CONSUELO MACK WEALTHTRACK has been dubbed the “Cramer Antidote” by the press and Money Magazine named Mack “The Best Money TV Host.” WEALTHTRACK is the only program on television devoted to long-term diversified investing in all of the investments people care about. Support this podcast: https://anchor.fm/wealthtrack/support

    Imminent Recession – Extended Bear Market

    Imminent Recession – Extended Bear Market

    Ouch! The S&P 500 ended the first half of the year with its worst performance since 1970, down more than 20%, cementing its bear market status. And the recession drumbeat is getting louder. This morning, leading Wall Street economist, Nancy Lazar told clients “a recession is coming sooner than you think” PiperlSandler’s Global Chief Economist blames “sticky inflation”, “very aggressive Fed tightening, and a “severe corporate profit recession” for her forecast of a mild recession with the economy contracting starting in the final quarter of this year into the first half of next year. 

    But this week’s WEALTHTRACK guest is way ahead of her and the few others just joining the recession club. He’s been warning clients about the likelihood of a downturn for months. 

    Our guest is David Rosenberg, President, Chief Economist, and Strategist at his independent economic consulting firm Rosenberg Research which he founded in January 2020.

    High inflation is at the top of the Federal Reserve’s, Washington's, and Wall Street’s list.  Rosenberg says they are looking at the wrong numbers and that disinflation is already taking hold. 

    Interest rates are expected to go higher for longer.  Rosenberg cites evidence of economic slowing which will require easing sooner than expected. 

    As I just mentioned, the likelihood of recession is still being debated. Rosenberg is forecasting a recession this year.  

    What about the already steep bear market decline? Rosenberg warns about the lure of bear market rallies. 

    Which prevailing views is Rosenberg challenging now?



    WEALTHTRACK Episode 1901 broadcast on July 01, 2022 



    More info: https://wealthtrack.com/influential-prescient-economist-dave-rosenberg-warns-of-imminent-recession-an-extended-bear-market/




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    • 26 min
    Crypto Is on Track Despite Declines

    Crypto Is on Track Despite Declines

    Remember when some fans of cryptocurrencies called them non-correlated assets? They were supposed to behave differently from the stock market, not affected by traditional economic, political and fundamental forces? Cryptocurrencies were also dubbed digital gold, in the expectation they would hold their value in inflationary times. 

    Neither has turned out to be the case. Bitcoin, the dominant cryptocurrency has fallen far more than the S&P 500 year to date, and in the face of higher inflation Bitcoin plummeted while gold has held its own.

    Crypto advocates point out that Bitcoin has fallen by more than 50% eight times since its 2009 launch, and three times since 2018, and it’s recovered every time. And it’s been a top-performing asset class with better than 35% annualized returns over the last three and five-year periods and 80% annualized returns over ten years. In addition, an entire crypto industry has developed, which is expanding rapidly and being widely accepted by Wall Street, businesses, and some governments. 

    This week’s guest is a believer. He is Matt Hougan, Chief Investment Officer and former Global Head of Research at Bitwise Asset Management, a cryptocurrency asset manager founded in 2017.

    I began the interview by asking Hougan about the role crypto assets play in a portfolio, considering they act like stocks. 

    WEALTHTRACK 1852 broadcast on June 24, 2022



    More Info: https://wealthtrack.com/big-declines-are-normal-and-cryptos-potential-is-on-track-says-bitwises-cio-matt-hougan/




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    • 25 min
    The Fed Rate Hike: Are Bonds Back?

    The Fed Rate Hike: Are Bonds Back?

    75 basis points: the biggest rate hike by the Federal Reserve since 1994 with additional aggressive moves expected. It looks like Fed Chair Jerome Powell is proving the naysayers wrong, who doubted he had the stuff to fight inflation. As influential Fed watcher Paul McCulley told WEALTHTRACK months ago Powell will “do whatever it takes” to fight inflation, just like Paul Volcker did in 1979/1980. Volcker succeeded, setting up conditions for the great bond bull market of the last 40 years but caused a serious recession to do it.



    How do you manage through a cycle of rising interest rates and higher inflation? There aren't too many money managers who have that experience and have a track record of excellence through many different types of markets. This week’s guest does. She is Mary Ellen Stanek, Co-Chief Investment Officer of Baird Advisors.



    Stanek was recently named Morningstar’s Outstanding Portfolio Manager of 2022 for her “disciplined and risk-aware approach, thoughtfully navigating various market environments,... and generating impressive absolute and risk-adjusted returns” in her 22 years at Baird. 



    I interviewed Stanek a few days before the Fed meeting but she was prepared for it. We talked about the need for the Fed to get more aggressive in word and deed - which they did, where we are in the interest rate cycle - early days yet, and why she says “bonds are back!” 





    WEALTHTRACK #1851 broadcast on Jun 17, 2022



    More info: https://wealthtrack.com/morningstars-outstanding-portfolio-manager-of-2022-mary-ellen-stanek-says-bonds-are-back/



    Related:

    Investment legend Jeremy Grantham is known for his prescient forecasts of some major turning points in the markets over the years including his “epic bubble” characterization last year. He elaborated on the theme on WealthTrack saying that not only was the stock market trading in the stratosphere but so were the housing, commodity, and bond markets, the latter being the biggest bubble of them all.  

    https://www.youtube.com/watch?v=c13O6Amn1lQ



    Paul McCulley on Fed Rates: https://youtu.be/Z0KSdIOkcxw




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    • 25 min
    Indexing: Why Can't Money Managers Beat The Market? Charles Ellis Explains

    Indexing: Why Can't Money Managers Beat The Market? Charles Ellis Explains

    In a WEALTHTRACK exclusive legendary financial thought leader, Charles Ellis explains why after decades of searching for outstanding money managers he has become a big believer in indexing.

    WEALTHTRACK Episode 1850 published on June 9, 2020

    More info: https://wealthtrack.com/legendary-investment-consultant-charles-ellis-makes-a-compelling-case-for-indexing/


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    • 24 min
    Women Making It on Wall Street

    Women Making It on Wall Street

    Part 2 of 2 Candid career advice from three super successful women portfolio managers. Causeway Capital’s Sarah Ketterer, Capital Group’s Karen Choi, and Canyon Partner’s Robin Potts share their victories, setbacks, and strategies as they tear down the pink wall.  

    WEALTHTRACK #1849 published on June 3, 2022  


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    • 36 min
    Investment Opportunities In Market Volatility

    Investment Opportunities In Market Volatility

    Part 1 of 2

    The investment opportunities surfacing in the volatile stock, bond, and real estate markets. Causeway Capital’s Sarah Ketterer, Capital Group’s Karen Choi, and Canyon Partner’s Robin Potts share their perspectives.

    WEALTHTRACK #1848 published on May 27, 2022


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    • 30 min

Customer Reviews

4.6 out of 5
194 Ratings

194 Ratings

Dean130130 ,

The Bomb 💣

Consuelo is a veteran investment and economic journalist and an expert interviewer. Listen to her and her top-notch guests as they paint a clearer picture of economic challenges and opportunities and help you navigate the complexities of sound money decision making.

kshopping ,

Technical Problem: James Grant episode is incomplete

Love WealthTrack, but this week (Feb 26,2021) the James Grant interview is incomplete. Both the podcast on the Apple App Store and the audio on the WealthTrack website are only 16 seconds long.

trillionshelper ,

BIGTIME FAN

Excellent show, best on finance. Adult, serious, insightful and always useful and informed valuable information. In fact, more useful as an investing aid than the WSJ and NYT.
But please don’t have guests (such as 2/14/20 show) who is a manager who consistently underperforms their market. They sound super intelligent ....but what’s the point if they always underperform? (Even when market is down!)

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