What Goes Up

The rebound in the stock market from the pandemic-induced recession has been breathtaking, with the S&P 500 doubling from its low point in March 2020. Has the proverbial “easy money” all been made? Emily Roland, co-chief investment strategist at John Hancock Investment Management, discusses what to expect in the second year of the bull market. She also talks about the outlook for interest rates and inflation and a host of other current market topics. 

See omnystudio.com/listener for privacy information.

Many traders expected this summer to be a volatile one for U.S. markets, but so far it’s been quiet as can be. What happened? Chris Gaffney, head of world markets at TIAA Bank, joins the “What Goes Up” podcast to discuss. 

See omnystudio.com/listener for privacy information.

Chris Mack, a portfolio manager at Harding Loevner, discusses his firm’s investment process and how his fund's hunt for “under-the-radar growth” stocks led him to some regional banks. He also discusses the defensive aspects of tech stocks in the age of Covid, and developments in the semiconductor industry, among other topics.

Mentioned in this podcast:

No Market Breadth, No Problem as Faangs Lift S&P 500 Higher​​​​​​​

See omnystudio.com/listener for privacy information.

The attention of global investors returned to China this week as a crackdown on for-profit education companies triggered a massive selloff in the nation’s equity market. Jason Hsu, founder and chief investment officer of Rayliant Global Advisors, discusses how investors should navigate through the nation’s regulatory risks, and how the dominance of retail traders gives China’s market a “casino feel.”  

Mentioned in this podcast:

China Bans For-Profit School Tutoring in Sweeping Overhaul

We Don’t Need No (For Profit) Education. ESG, China-Style

See omnystudio.com/listener for privacy information.

Rebecca Patterson, director of investment research at Bridgewater Associates, discusses the reversal in some of the market moves triggered by optimism about the reopening of economies shut down by the Covid-19 pandemic. She also gives her take on inflation risks, the delta variant of the virus, and Bridgewater’s famous All Weather balanced-portfolio strategy.

Mentioned in this podcast:

A Sloppy Summer for Stocks Is Going to Test Your Stomach

This Cult Classic Buy Signal Isn't to Be Trusted

See omnystudio.com/listener for privacy information.

What is the point of creating synthetic stocks and ETFs to trade on the blockchain with cryptocurrencies? 

Do Kwon, co-founder and CEO of Terraform Labs, explains how mirrored assets like these work, what type of demand they can fill, and potential regulatory pitfalls. Also joining this episode is Kwon’s collaborator Zaki Manian, co-founder of Iqlusion and the Sommelier Protocol. The pair also discuss the effects of crypto scams on the world of decentralized finance, and why a novelty token like Dogecoin became such a big hit.

Mentioned in this podcast:

Fake Tesla, Apple Stocks Have Started Trading on Blockchains

See omnystudio.com/listener for privacy information.

Well, so much for that reflation and reopening trade. David Bianco, chief investment officer for the Americas at DWS Group, discusses why high-growth, digitally focused companies are back on the stock market’s leaderboard. 

Mentioned in this podcast:

The Great Reflation Trade Is Buckling Around the World

See omnystudio.com/listener for privacy information.

It’s the top question on the minds of everyone involved in the markets these days: How long is “transitory” when it comes to the Federal Reserve’s view on hotter-than-normal inflation? Jim Smigiel, chief investment officer at SEI Investments, discusses why his firm is “happy to take the side of an overshoot” when it comes to rising prices. He also discusses the flaws of simplistic 60/40 investing and how there’s more to building a diversified portfolio than just buying an index.  

Mentioned in this podcast:

Powell Has Wall Street Buying View That Inflation Won’t Last

Your Unloved Heirlooms Might Mean Serious Money

Car Dealers Are Selling More Vehicles Above the Sticker Price

An NFT of the World Wide Web Source Code Sold for $5.4 Million

See omnystudio.com/listener for privacy information.

Dimensional Fund Advisors, which manages $637 billion, was one of the first firms to take seminal academic financial research off of the campus and put it to work in the real-world art of managing money. How does a head-in-the-books firm like that respond now that retail day traders are in the driver’s seat and the market action often feels like a frat party rather than a lecture hall? Wes Crill, the head of strategists at Dimensional, talks about that as well as a variety of other market topics, such as the rotation back into growth from value and how to read the inflation tea leaves. 

Mentioned in this podcast:

Dimensional Converts $29 Billion of Mutual Funds Into ETFs

Fed Satisfies Inflation Hawks Without Lifting a Finger

See omnystudio.com/listener for privacy information.

A few dots moved higher on a Federal Reserve chart of interest rate projections, and it caught many investors by surprise. Yet the hawkish turn tamped down market-based readings of inflation expectations and that could help the central bank keep stimulative policies in place longer, according to Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Co. He discusses the dot-plot shocker and what it means for allocation decisions.

Mentioned in this podcast:

Risk and Opportunity in a Post-Pandemic Economy

Fed Sees Two Rate Hikes by End of 2023, Inches Toward Taper

See omnystudio.com/listener for privacy information.