Investment Insights Podcast: Loud Headlines

Rosenberger_PodcastAndrew Rosenberger, CFA, Senior Investment Manager

On this week’s podcast (recorded September 30, 2016), Andy reviews recent media headlines, including Deutsche Bank and OPEC, and if the news is more bark than bite. Quick hits:

  • Deutsche Bank shares set a new all-time low on September 29 and stock is now down almost 50% year to date.
  • Deutsche Bank needs to raise enough capital to alleviate investor concerns or financial authorities will have to step in to backstop the bank.
  • While the ghosts of Lehman Brothers may still haunt the minds of investors, it seems unlikely that financial authorities haven’t learned from 2008 and would be willing to take the same risk with Deutsche Bank should they fail.
  • Saudi Arabia agreed to limit future production of oil, and while there’s been a lot of skepticism that this new agreement will do anything to reduce oversupply and increase prices, it is the first time there’s been any sort of agreement out of OPEC since the sell-off began in 2014.
  • Given all the headlines, it’s easy to miss the more-positive news that has been released, like housing data and low unemployment.

For Andy’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 – Back to School

miller_podcast_graphicBill Miller, Chief Investment Officer

On this week’s podcast, Bill gets in back-to-school mode and reflects on the summer events that impacted the markets and economy (recorded September 8, 2015):

Highlights include:

  • Both China’s growth slowing down and the Fed considering raising interest rates dominated summer headlines
  • Deutsche Bank feels that markets could be up between now and the end of the year regardless of interest rate hikes; upside outweighing the downside
  • Also feel that a rate increase by Fed will likely not harm the economy (employment, housing, and auto all strong)
  • China not dumping U.S. Treasuries so they don’t appear desperate at this time

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.