Investment Insights Podcast: A quick review of June markets

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Leigh LowmanInvestment Manager

On this week’s podcast (recorded July 7, 2017), Leigh provides a quick review of June markets.

 

Quick hits:

  • Synchronized global expansion was evident during the second quarter with markets across the globe experiencing positive economic growth.
  • Overall economic data leans positive.
  • We expect markets will continue to trend upward for the remainder of year.
  • The onset of new policies under the Trump administration and actions of central banks may lead to higher volatility, but our view on risk assets remains positive over the intermediate term.

For Leigh’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: Should investors fear the FANG stocks?

Holland_Podcast_150x126Tim Holland, CFA, Senior Vice President, Global Investment Strategist

On this week’s podcast (recorded June 30, 2017), Tim addresses the phenomena that is the FANG stocks.

 

Quick hits:

  • The FANG stocks have outdistanced the index in 2017; however, on an equal weighted basis, the S&P 500 is up approximately 7.4%, near what the cap weighted index has returned and a sign that market gains have been broad based
  • While the FANG phenomena may make for good TV content and market chatter, we don’t think it represents a risk to the recent rally
  • So, should investors fear the FANG stocks? At Brinker Capital, we believe the answer is no.

For Tim’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: Amazon announcement sending shockwaves across a few industries

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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: Does Brexit still mean Brexit? The UK election result and what it means for the markets.

Holland_Podcast_150x126Tim Holland, CFA, Senior Vice President, Global Investment Strategist

On this week’s podcast (recorded June 16, 2017), Tim addresses the political dynamic in the UK and the impact the recent election – and its rather surprising outcome – might have on Brexit and global markets.

Quick hits:

  • On June 8, U.K. voters went to the polls and confounded the experts and the pollsters by moving away from the ruling Conservative Party and embracing the Labour Party.
  • Despite all of the political drama, we still see Brexit moving forward and the U.K. exiting the European Union.
  • Near term, we also see the unexpected and unsettling U.K. election results potentially aiding pro EU, pro establishment political parties across Europe.
  • In the U.S., we don’t envision any meaningful economic or market impact from the political upheaval in the U.K.

For Tim’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: A quick review of May markets

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Leigh Lowman, Investment Manager

On this week’s podcast (recorded June 9, 2017), Leigh provides a quick review of May markets.

Quick hits:

  • Risk assets continued with their upward momentum, generally finishing positive for the month.
  • Politics dominated headlines with the spotlight on the Trump administration.
  • Overseas, international markets reacted positively to the French election win of Macron, known for his moderate political stance.
  • Expectations have strengthened for an additional Fed rate hike in June.
  • We currently find a number of factors supportive of the economy and markets.

For Leigh’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: Will the drama in Washington, DC upend the economic recovery and market rally?

Holland_Podcast_150x126Tim Holland, CFA, Senior Vice President, Global Investment Strategist

On this week’s podcast (recorded June 2, 2017), Tim addresses a question top of mind for many investors.

Quick hits:

  • When it comes to politics, Brinker Capital is agnostic. Our focus is on understanding the economic and political environment we are operating in, while best positioning our portfolios regardless of the party in power.
  • We see the Trump Administration’s agenda as largely supportive of an optimistic outlook on the U.S. economy and market.
  • If Republicans fail in advancing their legislative agenda, risk assets should still benefit from two significant political tail winds:
    1. A more benign regulatory environment
    2. Certainty around federal tax rates
  • While the economic recovery and bull market are both long lived, we continue to see the weight of the evidence as supporting further expansion and price gains.

For Tim’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: A quick review of April markets

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Leigh Lowman, Investment Manager

On this week’s podcast (recorded May 5, 2017), Leigh provides a quick review of April markets.

Quick hits:

  • After drifting lower for most of the month, risk assets rallied at the end of April and finished in positive territory.
  • The French election spurred a rebound in markets when both Republican and Socialist candidates were edged out in favor of a Centralist candidate.
  • On the domestic side, markets were relatively quiet.
  • We currently find a number of factors currently supportive of the economy and markets.

For Leigh’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: The rally in risk assets continues

Chris HartHart_Podcast_338x284, Senior Vice President

On this week’s podcast (recorded April 28, 2017), Chris discusses what has been the driving force behind the rally in April.

 

Quick hits:

  • The rally in April, despite a brief pause to begin the month, has been driven by positive macroeconomic data, better S&P earnings, and the potential for corporate tax reform.
  • From an equity perspective, stocks have moved higher despite increasing geopolitical risk both domestically and abroad.
  • We remain constructive on risk assets given good enough underlying macroeconomic data but also take notice of rising geopolitical tensions and continued lofty valuations across the equity markets.
  • Looking abroad, developed markets and emerging markets equities have rebounded solidly and now lead the U.S. thus far in 2017.
  • Within fixed income, the aggregate bond index has surprisingly moved higher along with equity markets, while high yield continues to lead.
  • We are keeping a watchful eye on rising global geopolitical tensions, but also note good breadth in the domestic equity markets and stronger corporate earnings.

For the rest of Chris’s insight, 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: What’s right: The hard or soft data?

Holland_Podcast_150x126Tim Holland, CFA, Senior Vice President, Global Investment Strategist

On this week’s podcast (recorded April 21, 2017), Tim addresses an ongoing stock market and economic debate that has been widely reported on by the media – “What’s right: the hard or soft data?”.

Quick hits:

  • One of the more contentious market topics of late has been the divergence between hard and soft economic data – and which data set is correct about near term and future economic performance.
  • Hard data refers to quantifiable economic data points such as GDP and retail sales. Soft data refer to surveys of how consumers and businesses feel about current and future economic prospects.  The former has been a bit disappointing of late while the latter has been coming in at multi-year highs.
  • We believe that ultimately the hard data will close the gap with the soft data, reflecting a strengthening economy. We would also point out that several hard data points reflect a robust US economy, including the unemployment rate.
  • We remain constructive on risk assets and see little in the way of typical excesses that would suggest a bear market or recession are imminent.

For Tim’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: 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.