In this episode, recorded on October 15th, host Brian Szytel reports on a generally down day in the markets. The Dow dropped 324 points, the S&P 500 fell by 0.75%, and the NASDAQ decreased by over 1%. He discusses the weaker-than-expected New York Fed Empire State Manufacturing Index and its ramifications. Additionally, he touches on comments from the San Francisco Fed President on interest rates and inflation. Brian highlights recent market activities, including a slight rally in bonds and considerations for small cap exposures in growth equity portfolios. Recommendations for asset allocation and insights from the recent annual asset manager week are also shared, emphasizing the importance of active selectivity and defensiveness. He wraps up with a note on the upcoming election and answers a question about adding a small cap sleeve to the portfolio.

00:00 Introduction and Market Overview

00:29 Manufacturing Index and Fed Updates

01:26 Bond Market and Small Cap Exposure

01:45 Asset Allocation Insights

03:09 Small Cap Portfolio Strategy

03:55 Conclusion and Q&A

Links mentioned in this episode:

TheBahnsenGroup.com