Vlog – Quarter End Q&A: 1Q18

Brinker Capital’s Global Investment Strategist, Tim Holland, asks and answers those questions we think will be top of mind for clients as they open their quarterly statements and think back on the quarter that was.

QEnd_Video_580x327_v2

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.

President Trump, trade & the markets…Is it time to hit the panic button?

Holland_F_150x150
Tim Holland, CFASenior Vice President, Global Investment Strategist

On this week’s podcast (recorded March 23, 2018), Tim discusses the Trump Administration’s trade policies and its impact on Brinker Capital’s portfolio positioning.

Quick hits:

  • Investors have been fixated on the Trump Administration’s trade policy. First, the proposed tariffs on steel and aluminum imports and now talk of much broader based action directed at China.
  • After rallying strongly off its February lows, the S&P 500 has been correcting on increasing concerns protectionist trade policies will torpedo consumer and corporate sentiment and spending, and ultimately the stock market.
  • We remain bullish on the economy and risk assets, including US stocks. Why? Simply put, the hard and soft economic data – or maybe said another way, reality, not rhetoric – tells us we should.
  • 4 BIG BOXES that help drive our thinking: fiscal policy, monetary policy, economic fundamentals, and sentiment.

For the rest of Tim’s insight, click here to listen to the audio recording.

investment podcast

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.

 

Vlog – Trade wars are bad for business; Fortunately, we aren’t in one, yet

Brinker Capital’s Global Investment Strategist, Tim Holland, provides perspective on the Trump Administration’s tariff announcement.

Blog-image

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: Fiscal policy takes the baton from monetary policy – What it means for the economy & risk assets

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

On this week’s podcast (recorded February 23, 2018), Tim takes a closer look at US fiscal policy and how it might impact the economy and markets as we move through 2018.

Quick hits:

  • For now, we see fiscal policy as a net positive for economic growth and risk assets, particularly equities.
  • We also don’t see interest rates and inflation as a risk to the economy and markets.
  • We do think rates are biased higher, which is one reason we are conservatively positioned within fixed income.
  • Increased investor concern over higher rates and inflation is driving greater market volatility, something we all lived through earlier this month.

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

investment podcast (22)

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.

Vlog – Market volatility: It’s back! Why? And what comes next?

Brinker Capital’s Global Investment Strategist, Tim Holland, provides perspective around recent market volatility, what triggered it and what impact it’s having on our thinking and portfolio positioning.

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 yield curve – What is it and why does it matter?

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

On this week’s podcast (recorded January 26, 2018), Tim discusses a topic that’s been receiving significant attention from the media and investors, and that’s the yield curve.

 

Quick hits:

  • The yield curve is simply the spread or difference between the yield on the 10-year US Treasury Note and the 2-year US Treasury Note.
  • Usually, our economy is expanding and the yield curve is positively sloped.
  • Two forces typically cause the yield curve to flatten or invert: 1. the Federal Reserve raising the Fed Funds Rate, and 2. when investors continue to invest in the long end of the yield curve.
  • The yield curve has been flattening of late. So do we at Brinker think it might be signaling a recession?

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

 

investment podcast (21)

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.

Video Blog – Recessions: what, why, and when?

Welcome to the inaugural post of the Brinker Capital Vlog, a monthly video series where we tackle timely market and economic topics. We hope you find the following video content valuable.

On today’s vlog, Tim Holland, Global Investment Strategist at Brinker Capital, discusses recessions – what they are; what causes them; and his predictions for when the next one will hit.

Investment Insights Podcast: US vs. International

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

On this week’s podcast (recorded December 15, 2017), Tim discusses why Brinker Capital has a bias toward US equities relative to developed international equities.

Quick hits:

  • Our clients are US based; they make their money in US dollars, they save in US dollars and they spend in US dollars.
  • Primarily because of the currency dynamic, international stocks are more volatile.
  • From an investment and relative attractiveness perspective, we would first say we don’t dislike developed international equities, we simply like US equities more, on both a near term and long-term basis.
  • Brinker Capital has been overweight emerging market equites since 2016.

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

 

investment podcast (19)

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. Emerging markets generally do not have the level of market efficiency and strict standards in accounting and securities regulation to be on par with developed economies, but emerging markets will typically have a physical financial infrastructure including banks, a stock exchange and a unified currency. Brinker Capital, Inc., a Registered Investment Advisor.

Investment Insights Podcast: Oil bounces back

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

On this week’s podcast (recorded December 1, 2017), Tim discusses what’s been pushing the commodity higher and, maybe more importantly, where the price of crude goes from here.

Quick hits:

  • Two primary factors are driving the rally in the price of oil, and from an economics perspective they are the classics: supply and demand.
  • Facing greater demand and reduced supply, are we worried that the price of crude will continue to move up?  Our short answer, is no.
  • Looking out over the next year or so, we believe the price of oil will be range bound, with a lower band around $40 a barrel and an upper band around $60 a barrel.

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

 

investment podcast (18)

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: When will the next recession hit?

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

On this week’s podcast (recorded November 20, 2017), Tim takes a closer look at the somewhat unpleasant topic of Recession — including what causes them and when the next one might hit.

Quick hits:

  • There are three historic catalysts for a recession: The Federal Reserve, a bursting bubble, and an exogenous shock.
  • When will the next recession hit? The short answer? Not now.
  • Interest rates remain at reasonable levels, corporate revenues and earnings are growing, unemployment claims and the unemployment rate are at historic lows, and consumers and corporations have ample access to credit.

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

 

investment podcast (17)

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.