We’ve all heard it a million times: stocks got really expensive in the post-financial crisis bull market, especially when looking at cyclically adjusted valuation metrics that include corporate earnings over the past decade. But what should investors do with that information? Victor Haghani, founder and CIO of Elm Wealth — and one of the founding partners of Long-Term Capital Management — joins this week’s “What Goes Up” to weigh in, discuss recent market volatility and much more. See omnystudio...
Feb 11, 2022•55 min
Crypto was red-hot in 2021 — so much so that it spawned a whole ecosystem of related products, including the first Bitcoin futures exchange-traded fund in the U.S. But can companies maintain enthusiasm for the growing industry as prices tumble in the new year? Hany Rashwan, co-founder and CEO of 21Shares, a provider of crypto exchange-traded products, joins this week's "What Goes Up" to talk about that and his company's plans for expanding its own offerings. See omnystudio.com/listener for priva...
Feb 04, 2022•43 min
The balanced-portfolio strategy known as risk parity, which typically relies on investing in both stocks and bonds, needs to adapt as both asset classes come under pressure in a rising-rate environment, according to Max Gokhman, the chief investment officer at AlphaTrAI Inc. Gokhman joined the "What Goes Up" podcast to discuss this and other current market topics, as well as how his firm is applying artificial intelligence to investing. See omnystudio.com/listener for privacy information....
Jan 28, 2022•44 min
Morgan Stanley’s Andrew Slimmon joined the “What Goes Up” podcast to discuss how loading up on cyclical stocks helped the MSIF U.S. Core Portfolio mutual fund that he co-manages post a 36% return in 2021, and how he’s reluctant to buy the dip in high-growth stocks because “once the fever breaks, it lasts a long time.” See omnystudio.com/listener for privacy information.
Jan 21, 2022•42 min
Technology stocks have gotten clobbered this year, and investor attention has focused on rising interest rates as the reason behind it. But that’s not the whole story, says Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams. On this episode, she helps dissect the shifting leadership in the U.S. stock market and shares her thoughts on an upcoming earnings season that—thanks to inflation, supply chain chaos and other pandemic fallout—remains shrouded in mystery. See omnystudio.com/li...
Jan 14, 2022•46 min
Wells Fargo’s head of equity strategy Chris Harvey joined the “What Goes Up” podcast to discuss why he’s predicting a 10% market correction by the summer and share his thoughts on the volatility that followed this week’s Federal Reserve meeting minutes. See omnystudio.com/listener for privacy information.
Jan 07, 2022•39 min
It was another winning year for John Authers’s Hindsight Capital LLC! The Bloomberg columnist and senior editor joined this week’s “What Goes Up” podcast to discuss how it only took a little imagination – and a lot of hindsight – to make some triple-digit winning trades at his make-believe hedge fund. See omnystudio.com/listener for privacy information.
Dec 31, 2021•28 min
Bloomberg’s managing editor for cryptocurrency coverage, Stacy-Marie Ishmael, joined this week’s “What Goes Up” podcast to discuss the wild year in crypto and what she’ll be watching going into 2022. See omnystudio.com/listener for privacy information.
Dec 23, 2021•41 min
UBS Asset Management strategist Luke Kawa joined this week’s “What Goes Up” podcast to discuss his team’s outlook for 2022, as well as the market’s reaction to plans by the Federal Reserve to reduce asset purchases and eventually raise interest rates. See omnystudio.com/listener for privacy information.
Dec 17, 2021•38 min
FTX is a phenom in the world of crypto exchanges. The company has grown tremendously since its inception a few years ago. This week, Sam Bankman-Fried, founder and chief executive officer of the cryptocurrency exchange, testified to Congress about how the space should be regulated. The next day, Bankman-Fried and FTX US President Brett Harrison joined Bloomberg’s “What Goes Up” podcast to talk about that and more. Mentioned in this podcast: Crypto: Best Photos of 2021 Key Takeaways From Crypto S...
Dec 10, 2021•42 min
Investors’ imagination often goes to “dark places” in the face of uncertainty around issues like the new Covid variant and this week they might have overreacted, according to Kara Murphy, the chief investment officer of Kestra Investment Management who joined Bloomberg’s “What Goes Up” podcast to discuss the wild week in markets. Mentioned in this podcast Hawkish Jerome Powell Is a Force Markets Haven’t Faced in Three Years Value Quant Trade Drops Near 1970s Lows in Covid Crash Echo Omicron Vari...
Dec 03, 2021•34 min
Wall Street forecasters have been saying all year that a slowdown in the bull market might be in the cards thanks to inflation and growth concerns. The average projection from strategists for the S&P 500 at the end of 2022 represents a mere 3% advance from current levels. Candice Bangsund, vice president and portfolio manager of global asset allocation at Fiera Capital, joins “What Goes Up” this week to talk about her outlook for the upcoming year and the risks she sees ahead. See omnystudio...
Nov 26, 2021•32 min
A stellar year for the stock market is coming to a close and money-managers are looking ahead to what 2022 might have in store. But worries persist, including the perennially nagging question of whether the stock market is overvalued and in a bubble. Sébastien Page, head of global multi-asset at T. Rowe Price, talks about his views on that, his team’s current strategy, the need for diversification and his year-ahead outlook. See omnystudio.com/listener for privacy information....
Nov 19, 2021•38 min
Steve Kurz, head of asset management at Michael Novogratz’s crypto firm Galaxy Digital, discusses how pensions, endowments and other institutional investors are approaching the digital-asset class. See omnystudio.com/listener for privacy information.
Nov 12, 2021•39 min
Rob Arnott, chairman and founder of Research Affiliates, discusses how he identifies stock-market bubbles and how to use valuation gaps to identify attractive equities. See omnystudio.com/listener for privacy information.
Nov 05, 2021•40 min
This week, U.S. economic growth came in lower than expected, some high-profile companies posted disappointing earnings results and central banks worldwide took steps toward withdrawing pandemic-era stimulus. Yet stocks are broaching new records and October shaped up to be the best month of the year. To Wall Street veteran Doug Ramsey, Leuthold Group chief investment officer and co-manager of the Leuthold Core Fund, it looks like the market melt-up has just begun. See omnystudio.com/listener for ...
Oct 29, 2021•29 min
Dave Abner, global head of business development at crypto exchange Gemini Trust Co. and a two-decade veteran of the ETF industry, talks about the launch of Bitcoin futures exchange-traded funds, who’s buying into it and what the prospects are for a physically-backed crypto fund. See omnystudio.com/listener for privacy information.
Oct 22, 2021•40 min
Halloween is coming, so it’s time to confront a common source of fear: bank stocks. Ever since the global financial crisis, many investors have been terrified of risks associated with lenders, according to Chris Davis, chairman and portfolio manager at Davis Advisors. He joined the latest episode of the “What Goes Up” to discuss why it’s time get over that phobia, explaining that banks may continue to help lead the market higher. See omnystudio.com/listener for privacy information....
Oct 15, 2021•42 min
On Breakthrough, a new series from the Prognosis podcast, we explore how the pandemic is changing our understanding of healthcare and medicine. We start with an examination of long Covid, a mysterious new illness that has stumped doctors attempting to treat symptoms that last for months and potentially years. It has changed the way hospitals work and forced healthcare officials to prepare for the next pandemic. Covid has also opened the door to revolutionary technology: messenger RNA vaccines. I...
Oct 12, 2021•3 min
Up 1% one day, down an equal amount the next, the stock market’s been serving up a bout of volatility traders haven’t seen all year. There’s plenty to worry about and, by many measures, pessimism among investors is growing. Lori Calvasina, RBC Capital Markets’ head of U.S. equity strategy and a two-decade Wall Street veteran, talks about the mood of the market, value versus growth, why the debt-ceiling reaction was surprising to her and why small-cap stocks can do well going forward – regardless...
Oct 08, 2021•37 min
Treasury yields started to spike soon after the Federal Reserve signaled it’s edging closer to winding down its pandemic-era bond buying. But can stocks do well in that type of environment? Brian Nick, chief investment strategist at Nuveen, talks about that and what the surge in yields is signaling about the well-being of the economy. Plus, he shares his current strategy and discusses areas of the market he finds attractive. See omnystudio.com/listener for privacy information....
Oct 01, 2021•38 min
Non-fungible tokens, or NFTs, went from non-existent to taking over the world in record fashion. But what is their utility besides being collectibles? Brian Mosoff, chief executive officer at Ether Capital, talks about how something can "meme" its way into becoming valuable and why NFTs are gaining traction in an environment where everyone's searching for scarcity. Plus, he shares his views on how cryptocurrencies can play a part in a portfolio and how the space could be regulated. See omnystudi...
Sep 24, 2021•39 min
Stocks tied to the economic reopening had a banner 2020 before their performance petered out a few months ago. But Andrew Slimmon, a senior portfolio manager at Morgan Stanley Investment Management who oversees around $7.5 billion, is making big bets on reopening plays, banks and other value stocks. He talks about his strategy and goes into why the market's not had a significant pullback this year. Plus, he discusses the one catalyst he thinks could throw the rally off course. See omnystudio.com...
Sep 17, 2021•37 min
El Salvador is not a nation that comes up in global-macro investing discussions very often, but its embrace of Bitcoin as legal tender marks an interesting milestone in the evolution of the cryptocurrency’s role in financial markets. Ben Emons, strategist at Medley Global Advisors, joined this week’s “What Goes Up” podcast to discuss El Salvador’s embrace of Bitcoin and correlations it’s exhibiting with other parts of the market. He also discusses the European Central Bank’s decision to reduce a...
Sep 10, 2021•39 min
Some economic reports are coming in weaker than expected as the back-to-normal recovery drags on. To many investors, it means the Federal Reserve will keep the punch bowl fuller for longer. Kim Forrest, founder and chief investment officer at Bokeh Capital Partners, discusses about why bad news can be seen as good news again in this environment and why she prefers tech stocks for the long run. Mentioned in this podcast: U.S. Companies Add Fewer Jobs Than Forecast, ADP Data Show Megacaps Hit All-...
Sep 03, 2021•34 min
Extraordinary loose monetary policy has led to what Interactive Brokers Chief Strategist Steve Sosnick calls a “flight to crap,” or investor interest in the most-speculative corners of financial markets. He discusses how the likely reduction in bond purchases by the Federal Reserve could affect those investments. He also shares his thoughts on how algorithmic trading strategies interact with meme stocks and delves into other market topics. Mentioned in this podcast: Powell Says Taper Could Start...
Aug 27, 2021•39 min
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 i...
Aug 20, 2021•39 min
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.
Aug 13, 2021•38 min
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....
Aug 06, 2021•34 min
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 N...
Jul 30, 2021•35 min
