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The FarrCast : Wealth Strategies
58 minutes | 12 hours ago
Potential to Spook the Herd
This week on The FarrCast, Michael Farr welcomes special guest Andy Keiser for a dive into cybersecurity, and the big picture implications of the Colonial Pipeline hack. As we've seen this week, cyber risk is a national security risk -- but it's a business risk as well. First up though, Michael welcomes top trader and regular guest Jim Iuorio. The markets reacted badly to the inflation data this week, but Jim tells us that inflation isn't really what the markets are worried about, but what the Fed might do in response to inflation. Plus, our weekly look into DC politics and its impact on policy from Dan Mahaffee. Always bringing you the information you need from Wall Street, Washington, and The World, it's The FarrCast!
48 minutes | 8 days ago
The Price of a Dalliance on Wall Street
After some choppiness, the Dow reached new highs this week -- Michael Farr and his guests are here to divine what may be ahead! First up is Jim Lebenthal who reminds us that the second year of a recovery is usually harder in the stock market than the first, and that more choppiness is normal. Michael and Jim talk about how some companies are shifting their outlooks, and what it can mean for the long term investor. Next, Michael is joined by political analyst Dan Mahaffee who points out similar changes in national economic policy to better insulate against the kinds of supply shocks we saw (and are still seeing!) as a result of the pandemic. "Minimum resilient capacity" is a phrase you might begin to hear more. Finally, Michael welcomes special guest Stephanie Link. In February on The FarrCast she forecast the change in market leadership we have seen continuing. Stephanie talks about pricing power, and what it means in the changing calculus for investors. With the brightest minds from Wall Street, Washington, and The World -- it's The FarrCast!
52 minutes | 15 days ago
You Don't Get a Hangover While You're Still Drinking
President Biden and Fed Chair Jay Powell delivered important speeches this week, and Michael Farr turns to the ever-insightful (and truly nice guy) Jack Bouroudjian to help explain how the economy, and investing landscape, are evolving. Jack helps explain why the Fed isn't as worried about inflation as some might think -- at the end of the day we know how to fight inflation, but deflation isn't as easily solved. But first, Michael is joined by the ever-ebullient Kenny Polcari. Who gets excited about the dollar and foreign currency fluctuations? Kenny Polcari does! And we are joined by our usual and ever-perceptive Dan Mahaffee, who lays out the politics behind the shifts in The White House, on The Hill, and at The Fed. It's another great FarrCast with some of the best minds on Wall Street, Washington, and The World! Listen today!
51 minutes | 21 days ago
Blue Meat for the Base
The FarrCast this week comes to you recorded as news was leaked about the new Biden capital gains tax proposal. Kenny Polcari joins Michael Farr to parse the market (over-) reaction. Kenny says he doesn't think it's the beginning of a correction, but if there is anything markets hate -- it's uncertainty. Dan Mahaffee gives his insight into the political strategy involved, and the (low) chances of passage. As a matter of policy, the actual revenue predicted to be raised by the increase is little more than a rounding error. Michael welcomes Sarat Sethi for the special guest segment. Sarat is one of the smartest, and most successful, investors on Wall Street, and he and Michael discuss where to find value in a market that is, by many measures, already expensive. Sarat also shares his insight into how to prepare for the possibility of inflation, when the inflationary pressures are far different than what we may have seen in the past. Always going beyond the headlines -- it's The FarrCast. Wall Street, Washington, and The World.
50 minutes | a month ago
The Usual Uncertainties
Every time is different -- but the economic landscape is looking more familiar and the uncertainties more recognizable. But that doesn't mean investors can become complacent! This week, Michael Farr is joined by Jim Lebenthal to talk about the beginning of earnings season and Jim says that the bank earnings have broad implications beyond those stocks. There are plenty of long term concerns to watch -- but nothing approaching crisis level (yet.) Political analyst Dan Mahaffee joins to talk about the wheeling and dealing in the Senate as well as geo-political tensions, all of which have significance in the economic & investing world. For our special guest, Michael welcomes Jenny Harrington, CEO of Gilman Hill Asset Management and CNBC contributor. Jenny dives in to some of the implications of the earnings that Jim brought up, and says there is plenty of room to make money in different places in the markets, but you have to have the investment discipline to separate the story from the numbers -- and the emotional discipline to follow through. It's a great new FarrCast bringing you insight from Wall Street, Washington, and The World!
54 minutes | a month ago
Moments for Miscalculation
The headlines may have cooled off in recent weeks, but there are mountains of stories impacting Wall Street, Washington, and the World -- and The FarrCast is here to help you sort it out. Michael Farr begins welcoming investor, manager, former floor specialist, and all around nice guy Kenny Polcari for his take on the market. Kenny is optimistic, but admits we've already had a good year, and perhaps this is where the markets finish at Christmas. Our political analyst Dan Mahaffee joins for an update on infrastructure and the what the Chinese digital currency means for investors, and for geo politics. Our special guest this week is a FarrCast fan favorite, Lester Munson, former Chief of Staff of the Senate Foreign Relations Committee. Les discusses foreign aid in Central America, Russian sabre rattling in Ukraine, Chinese ambition in the South China Sea, and why Iran wants everyone to think they want a nuclear weapon -- but they really don't. All of the geo-politics bubbling beneath the surface have economic and investing implications, and The FarrCast has the experts and insiders to bring you the knowledge you need. Listen today and share with a friend!
55 minutes | a month ago
Bottoms Are Events -- Tops Are Processes
The first quarter of 2021 is complete and The FarrCast is with you to help you navigate what's next. Michael Farr is joined by Jim Iuorio for a look at the markets. Jim sees the distortions of inflation in the markets, and says that markets are the place to be. The market action of the last couple of days indicates a significant turn to Jim, and he shares what indicators he's looking for, for confirmation. Our political analyst, Dan Mahaffee joins for a discussion of the new approach to China and why the competition matters in so many areas of commerce and government. Dan also shares some of the particulars of the infrastructure plan, and an idea of what the final bill will look like. In our special guest segment, Michael welcomes Doug Kass of Seabreeze Partners. Doug is one of Wall Street's most successful investor, and even as hedge funds seem to be losing their allure, Doug explains why he's starting a new hedge fund, what kinds of strategies he employs, and where he sees opportunities among the threats. Bringing you experts and insiders from Wall Street, Washington, and The World -- it's The FarrCast!
56 minutes | 2 months ago
The Most Difficult Thing Is to Make the Turn
On this week's FarrCast, we come to you with a slightly different format -- Michael Farr is joined for an extended discussion by both Jim Lebenthal and Steve Weiss from CNBC. Though they have differing strategies, they see the markets in much the same way. Michael, Steve, and Jim have a lively discussion with some arguments, more agreements, and lots to learn. We close the show with an in depth discussion with Dan Mahaffee on the current state in DC and how it may impact the economic landscape. Dan says he doesn't expect tech legislation -- it's hard to legislate on nothing but common dislike. It's the FarrCast -- Wall Street, Washington, and The World!
57 minutes | 2 months ago
Maybe We're Going to Overdo It
It's the day after St. Patrick's Day and the day after Fed Chair Powell says inflation isn't a problem. The FarrCast is here to discuss what happens if maybe we overdo the stimulus a bit -- for overdoing the Guinness & Jameson, you're on your own. First up is Jim Lebenthal from CNBC and Cerity Partners to talk with Michael Farr on what sees in tech, travel, and the other sectors in the markets as we digest the inevitable higher rates of the reopening. Dan Mahaffee discusses DC and the new trade representative, Katherine Tai; everyone in Washington is a fan (she passed her confirmation 98-0) but Beijing is leery of the new counter party to negotiations. And as Michael and Dan discuss, the issues facing Sino-US trade are complex. For our third segment, Michael welcomes long term Washington observer Greg Valliere of AGF Investments. Greg expects another big bill to come from Congress this year, and inflation to rise with employment. It's an information-rich FarrCast this week with experts and insiders that you want to hear. The FarrCast: Wall Street, Washington, and The World!
49 minutes | 2 months ago
Ride the Wave
The markets have been choppy, but The FarrCast here is to dive in and help keep your head above water! Michael Farr is joined by Kenny Polcari for a discussion of the markets, and Kenny says the rotation was to be expected as interest rates rise. While the markets were a little spooked by how fast yields rose, they look to be a little more stable now, and Kenny is constructive looking ahead. In DC it may be warming up outside, but the rhetorical temperature has cooled off. Political analyst Dan Mahaffee tells us though it doesn't mean there is nothing of importance going on. He parses through the $1.9tn stimulus package, and some of the big promises it makes. For our special guest segment, we turn to Heather Long of The Washington Post. Heather is one of the smartest people in the economics world, and has written on the distortions in the pandemic economy. The stimulus bill addresses some of the problems she sees, and while we are far from out of the storm, she is less worried than she was. Always bringing you experts and insiders, it's The FarrCast: Wall Street, Washington, and The World.
54 minutes | 2 months ago
Sailing Closer to the Falls
This week on The FarrCast, Michael Farr's special guest is Dr. Jay Bryson, Chief Economist from Wells Fargo. He says that for all of the instability of the economy, the outlook is constructive. The Fed and the Treasury have gone big in their solutions, and thus far, going big has worked. Opening the show, Michael welcomes Jim Iuorio from the floor of the CBOE. From the floor, Jim has a similar outlook to Dr. Bryson in the research halls and boardrooms -- constructive, but wary of threats. Our regular political analyst, Dan Mahaffee, joins us for his segment on the developments in Washington, including vote-a-rama 2 coming soon! It's The FarrCast: Wall Street, Washington, and The World!
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