WEALTHTRACK Consuelo Mack

Part 2 of 2

American investors have had a love-hate relationship with stocks since their early days of trading under a buttonwood tree on Wall Street in 1792. However, recent setbacks, including a challenging year for equities in 2022 and rising yields on fixed income investments, have led to a cooling of investor sentiment. We welcome back Savita Subramanian, an influential strategist serving as the Head of U.S. Equity and Quantitative Strategy at BofA Global Research. She challenges the prevailing negative perception of stocks and presents research-backed evidence of their value as long-term investments.

Subramanian, recognized as a top-ranked analyst by Institutional Investor for the last ten years and featured on Barron's list of the 100 Most Influential Women in U.S. Finance for three consecutive years, her expertise is highly regarded in the industry.

In part two of our interview with Subramanian, she sheds light on the significant market trends and explains why stocks should be considered for long-term ownership. Explore her insights and gain a deeper understanding of the enduring value that stocks can bring to your investment portfolio.

WEALTHTRACK #1948 broadcast on April 26, 2023

More info: https://wealthtrack.com/winning-investment-themes-with-staying-power-in-a-changing-world/




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David Rosenberg, a well-known economist, believes that the United States is in a recessionary bear market. He predicts that the S&P 500 will eventually bottom at 3100, and he has positioned his personal portfolio accordingly.

Rosenberg's predictions are based on his analysis of the Federal Reserve's tightening cycle, which he believes will lead to a recession. He also points to the recent failures of Silicon Valley Bank, Signature Bank, and First Republic as evidence that the economy is weakening.

Rosenberg's views are in contrast to those of many other economists, who believe that the Federal Reserve can engineer a soft landing. However, Rosenberg's track record suggests that he is worth listening to. In 2007, he predicted the subprime mortgage crisis, which turned into the Global Financial Crisis.

Investors who are concerned about the economy should pay attention to Rosenberg's predictions. They may want to consider reducing their equity exposure and increasing their cash holdings.

Recessions & financial crises go hand in hand after Federal Reserve tightening cycles. Outspoken economist Dave Rosenberg sees evidence of both and advises defensive investments 

WEALTHTRACK 1947 broadcast on May 19, 2023






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The recent aggressive interest rate hikes by the Federal Reserve caused a crisis in some super-regional banks, but the damage has been contained and has not affected the entire banking industry. However, Federal Reserve Chair Jerome Powell believes that the economic toll of such aggressive tightening could be different this time. Savita Subramanian, Head of U.S. Equity and Quantitative Strategy at BofA Global Research, also shares this opinion and recommends stocks over bonds and cyclical sectors over defensive ones, contrary to most institutional investors surveyed by BofA. Subramanian has been named a top-ranked analyst by Institutional Investor for the last 10 years and to Barron’s list of the 100 Most Influential Women in U.S. Finance for the past three years.

WEALTHTRACK episode 1946, broadcast on May 12, 2023

More Info: https://wealthtrack.com/why-owning-stocks-over-bonds-cyclicals-over-defensive-is-savita-subramanians-contrarian-call/




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We have a very interesting guest who has publicly voiced a major policy difference on ESG investing. Terrence Keeley, CEO, and Chief Investment Officer of 1PointSix LLC, left BlackRock, one of the world's largest investment managers, in July 2022 to publish his book, SUSTAINABLE: Moving Beyond ESG to Impact Investing. 

In his 40-year investment career, Keeley has never advised a client to invest in ESG, and he joins us to explain why ESG investing doesn't work and what does. This is a rare occasion for a top executive at a major investment firm to go public about a major policy difference. 

WEALTHTRACK episode 1945, broadcast on May 5, 2023



More info: https://wealthtrack.com/why-esg-investing-doesnt-work-former-top-blackrock-executive-terrence-keeley-explains-why-and-what-does/



Bookshelf: Sustainable: Moving Beyond ESG to Impact Investing

https://amzn.to/3nAyAp9




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Part 2 of 2

We continue our interview with Ed Yardeni, an experienced economist, strategist, and Fed watcher who has been closely following the Fed throughout his 40-year investment career. 

Yardeni is the author of “Fed Watching for Fun and Profit: A Primer for Investors” and head of his own global investment strategy firm, Yardeni Research. He believes that anticipating the actions of the Federal Reserve System's Federal Open Market Committee (FOMC) is critical to successful investing. 

Despite the historically aggressive pace of interest rate hikes over the past year, Yardeni thinks the Fed is done hiking interest rates for now. We will discuss whether "Don't Fight the Fed" still works as an investment strategy.

WEALTHTRACK episode 1944 broadcast on Apr 28, 2023

More info: https://wealthtrack.com/does-dont-fight-the-fed-still-work-as-an-investment-strategy-strategist-ed-yardeni-responds/

Bookshelf: Fed Watching for Fun & Profit, A Primer for Investorshttps://amzn.to/42amRwr




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Jamie Dimon, Chairman and CEO of JPMorgan Chase, is considered the best financial executive in the country and recently weighed in on the banking system's recent turmoil. He believes that simply satisfying regulatory requirements is not sufficient in managing risks, which requires constant and vigilant scrutiny as the world evolves. He also points out that most of the risks in the U.S. banking system were hiding in plain sight and that recent changes in regulatory requirements would not have made a difference in what followed. Bill Wilby is a retired professional money manager with a Ph.D. in International Monetary Economics who will discuss the problems with U.S. Treasuries and why financials are uninvestable.

WEALTHTRACK episode 1943 broadcast on April 21, 2023

More info: 

Bookshelf: Chip War: The Fight for the World's Most Critical Technologyhttps://amzn.to/3H3goLq


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