The current state of the economy is causing uncertainty for many people around the world.
With stock market corrections, volatility, high interest rates, and discussions of a recession, it’s no wonder there is a resounding feeling of doom and gloom surrounding current affairs.
Join Billy and Shaun as they share their thoughts and perspectives on today’s economic landscape including the multitude of fear-mongering and its influence on your financial portfolio and state of mind.
Get up-to-date as Billy and Shaun touch on:
Factors impacting spending; inflation, a possible recession, and high interest rates
The attractiveness of money market funds and the stocks that have driven returns
Real estate woes due to expensive borrowing and the rise of rentals
Which sectors you should watch in a slowing economy
Staying informed about the economy, market trends, and emerging technologies is crucial for investors and professionals.
Will artificial intelligence guide a new era of job creation?
In this episode, Billy and Shaun are joined by Bob Kaynor, Portfolio Manager at Hartford Schroders to hear his insights on the current market, the impact of higher interest rates on small and mid-sized companies, and his approach to portfolio building in the technology sector. Together they also discuss the potential impact of AI on the workforce, including potential scenarios of job creation or elimination.
Throughout the episode Bob shares:
His background, education, and experience in small and mid-cap equities, as well as his role at Hartford Schroders
Current market conditions and the potential for broadening growth opportunities
Perspective surrounding AI and how it may impact the employment rate
The potential in real estate, including single-family rental home REITs, and the challenges in the energy sector
Robert “Bob” Kaynor, CFA, is the Portfolio Manager for the Hartford Schroders US Small Cap Opportunities Fund and Hartford Schroders US MidCap Opportunities Fund. He joined Schroders as a Senior Equity Analyst in 2013 and became Research Director in 2014.
Prior to joining Schroders, Bob was the Chief Investment Officer and Managing Member at Ballast Capital Group from 2010 to 2013, which involved managing a fundamental long/short portfolio.
Bob was a Managing Director/Portfolio Manager at Ramius Capital Group from 2003 to 2010, which involved co-managing a hedged equity product.
He was a Partner/Analyst at Barbary Coast Capital Management from 2000 to 2003, which involved co-managing a long/short equity hedge fund focused on small and mid-cap equities.
Bob began his investment career in 1994 when he joined RCM Capital Management as an Analyst/Assistant Portfolio, which involved working exclusively on a domestic long-only small-cap product recommending and covering equities.
For centuries, horse racing has captivated enthusiasts worldwide.
However, beyond the flashy and glamorous racetrack, the industry intersects heavily with the business world.
In this episode, Billy and Cade Peterson chat with Pierre Amestoy, a prominent figure in the horse racing industry. Pierre shares his story, from working in the family drywall business to having a successful business in the construction industry and what led him to enter the horse industry. Additionally, Pierre emphasizes the importance of putting money to work, pursuing passions, and taking risks.
Pierre discusses:
How he got involved in horse racing, the challenges of the industry, and his success with buying and selling horses
The qualities of successful horse trainers and the significance of a winning attitude
Why he chose to amalgamate his drywall business with land development
The risks faced by business owners due to inflation and rising interest rates
The importance of finding something that makes you different from your competition
Managing a business has its share of trials and tribulations, from economic uncertainty and market fluctuations to finding a healthy balance between work and life.
In this episode, Billy and Shaun Peterson chat with third-generation business owner Nate Reeve of Reeve & Associates, Inc, about why he chose to buy out his father to become owner and principal of the development firm. Listen as he shares insights about his journey in the engineering industry and how his business continues to excel while navigating economic ups and downs.
Join Billy, Shaun, and Nate as they discuss:
How Nate became involved in the business and the pressures of following in his family’s footsteps
The impact of the economy, namely recessions and inflation on businesses
Nate’s experience of having a brain tumor removed and the importance of relying on others for support
The challenges of government regulations and the impact of interest rates on businesses
Nate Reeve’s career began at the young age of 9 by helping his dad with surveys and blueprinting construction plans.
After many years of working side by side with his dad, Nate took over the company in 2010 as president. Nate graduated from Utah State University with his degree in civil engineering in 2000. As a licensed professional civil and structural engineer, his project portfolio includes large-scale land development projects with full-on and off-site infrastructure improvements as well as site development projects for the commercial, industrial, residential, and public building sectors. Nate has served as the American Society of Civil Engineers (ASCE) president and was the first recipient of the Enterprise 7 Elite Award.
Nate is married and has two sons and two daughters. Outside of work, Nate is a lover of sports. He enjoys playing basketball, pickleball and golf, and water sports. He also loves traveling to Lake Powell and spending time with his family.
During these uncertain times, we are faced with the worry of a recession.
Is there one looming on the horizon?
Find out as Billy and Shaun welcome Strider Elass, Senior Economist at First Trust, as he shares his thoughts and predictions about whether a recession is on its way, and what we can do to prepare.
This insightful episode will cover:
The definition of a recession and how it typically affects the economy
Recession indicators according to the National Bureau of Economic Research
Historical comparison of major recessions throughout the US
How and why the Federal Reserve is lowering the money supply
Quantitative tightening and quantitative easing and how they impact lending
How the current economic situation is different from the 2008 recession
The expected longevity of inflation and increased interest rates
Strider Elass is an Economist at First Trust Advisors L.P., a financial services firm based in Wheaton, Illinois.
At First Trust, Mr. Elass is responsible for analyzing economic indicators, writing economic commentaries, and producing pieces on the First Trust Economics Blog.
Mr. Elass is part of the First Trust economics team that Bloomberg has consecutively ranked as one of the top forecasters of the U.S. economy over the past several years. This First Trust economics team has also won Market Watch’s “Forecaster of the Month” Award several times over the past few years.
Mr. Elass was also instrumental in researching the book It’s Not As Bad As You Think, published in 2009 by First Trust Chief Economist Brian Wesbury.
Beyond his research responsibilities, Mr. Elass speaks regularly at broker and retail events around the country and abroad.
Mr. Elass received a B.A. in Business and Economics from Wheaton College, in Wheaton, Illinois, and is currently a candidate in the CFA Program.
