Investment Insights Podcast: The dreaded yield curve inversion


Andrew Goins
, CFA, Investment Manager

On this week’s podcast (recorded September 24, 2018), Andrew discusses the probability of future Fed rate hikes and the potential impact of the yield curve.

Quick hits:

  • The more highly anticipated event will be the release of the Beige Book following this weeks meetings, which covers everything discussed and includes the widely followed dot plot.
  • We’ve been dealing with a very flat yield curve for much of this year.
  • Everyone is watching closely for the dreaded yield curve inversion, which has been an ominous sign for impending recessions historically.
  • While the curve remains flat, but positively sloped, and with the weight of the evidence leaning positive, our portfolios remain overweight to equities.

For Andrew’s full insights, click here to listen to the audio recording.

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This is not a recommendation for Facebook, Amazon, Apple, Netflix and Google. These securities are shown for illustrative purposes only.

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a Registered Investment Advisor.

Investment Insights Podcast: As the first quarter comes to a close…


Andrew Goins
Investment Manager

On this week’s podcast (recorded March 29, 2018), Andrew reviews the markets as the first quarter comes to a close.

Quick hits:

  • January was very much a continuation of the momentum driven market of 2017, with the S&P 500 up 5.73% for the month, but that all changed as we rolled into February.
  • In addition to fears over trade wars and tariffs, a privacy scandal at Facebook as well as rhetoric around increasing regulation on mega cap tech companies has wreaked havoc on the FAANG stocks.
  • Despite the more recent weakness in the tech sector, growth stocks are still ahead of value so far this year.
  • We believe that active managers are positioned well to continue to take advantage of the higher volatility that is likely here to stay and should benefit as investors put a premium on quality and valuation.

For Andrew’s full insights, click here to listen to the audio recording.

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This is not a recommendation for Facebook, Amazon, Apple, Netflix and Google. These securities are shown for illustrative purposes only.

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a Registered Investment Advisor.

Investment Insights Podcast: Markets only go up until they don’t

Goins_Podcast
Andrew Goins
, Investment Manager

On this week’s podcast (recorded October 20, 2017), Andrew revisits Black Monday, the largest single day market decline in history. He provides commentary on the measures taken after the crash and where the market currently stands today.

Quick hits:Last week, we celebrated the 30th anniversary of Black Monday, when on October 19th, 1987 the Dow Jones Industrial Average declined 22.6%.

  • As we look to today, with only one negative quarter for the S&P 500 in the last 4 and a half years, it’s easy to forget that circuit breakers exist and that markets can correct and even crash.
  • The Dow Jones closed above 23,000 for the first time last Wednesday and ended the week even higher.

For Andrew’s full insights, click here to listen to the audio recording.

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The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a Registered Investment Advisor.

Investment Insights Podcast: Amazon announcement sending shockwaves across a few industries

Goins_Podcast
Andrew Goins
, Investment Manager

On this week’s podcast (recorded June 26, 2017), Andrew discusses the impact of Amazon’s acquisition of Whole Foods.

 

Quick hits:

  • The announcement of Amazon’s $13.7B acquisition of Whole Foods last Friday resulted in significant declines across most of the grocery retailers, as investors grapple with how this merger will impact the grocery industry.
  • Although the money managers we work with don’t make investments based on a thesis that the company will likely be acquired, Amazon’s recent purchase of Whole Foods has resulted in speculation around who their next target will be.
  • While Amazon is just one company and won’t take over the entire world, it is clearly a disruptor and shouldn’t be ignored.

For Andrew’s full insights, click here to listen to the audio recording.

This is not a recommendation for Amazon or Whole Foods, these securities are shown for illustrative purposes only.

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a Registered Investment Advisor.

Investment Insights Podcast: A few things we’re paying close attention to right now

Goins_PodcastAndrew Goins, Investment Manager

On this week’s podcast (recorded April 13, 2017), Andrew discusses a few things we’re paying close attention to right now.

 

shutterstock_9514525Quick hits:

  • After two Fed rate hikes within 4 months, we’re seeing a bit of a reversal.  We’ve seen empirical evidence highlighting the improvement across active managers in the first quarter.
  • Over the last few months we’ve seen correlations across stocks come down significantly, and is now at the lowest level since 2001.
  • We are beginning to see signs that inflation is ticking up, and should only continue if Trump’s pro-growth policies come to fruition
  • The market is likely overdue for a near term pull-back and we are somewhere in the back half of this business cycle

For Andrew’s full insights, click here to listen to the audio recording.

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a Registered Investment Advisor.

Investment Insights Podcast: It feels like the markets can do nothing but go straight up

Goins_PodcastAndrew Goins, Investment Manager

On this week’s podcast (recorded March 3, 2017), Andrew provides an update on key asset classes. Quick hits:

  • The market had gone 55 trading days without a plus or minus 1% move, which is the 18th longest streak since 1950.
  • Within Domestic equity markets, we’ve seen a shift in leadership from energy and financials in the 4th quarter to health care and technology.
  • International markets have also participated in the market rally so far in 2017, with the MSCI EAFE Index, a proxy for international developed markets, up 4.80%
  • Within Fixed Income, we’ve seen more volatility as the yield on the 10-year treasury has occulated between 2.32% and 2.51%, but interestingly is currently only 2bps higher than where we started at the beginning of the year.
  • We are keeping a close eye on many economic indicators and the rhetoric coming out of Washington, as well as the underlying company fundamentals.

For Andrew’s full insights, click here to listen to the audio recording.

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a Registered Investment Advisor.

Investment Insights Podcast: On the eve of Donald Trump’s inauguration…

Goins_PodcastAndrew Goins, Investment Manager

On this week’s podcast (recorded January 19, 2017), Andrew discusses Donald Trump’s impact on the markets over the last few months and how he’s influenced our outlook going forward. Quick hits:

  • After an initial reaction of fear, Trump’s victory quickly brought about a new hope for U.S. economic growth.
  • But, as we are all aware, markets move based on expectations, and have history of getting ahead of itself.
  • We are confident that higher volatility across markets and interest rates will likely continue as investors cling to Trump’s every word.
  • The currencies of India, Mexico, and Russia are all undervalued to the tune of 25-45%.
  • Despite all of these uncertainties and higher expected volatility, we believe risk assets will continue to outperform, but the move won’t be linear.

For Andrew’s full insights, click here to listen to the audio recording.

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a Registered Investment Advisor.