Every few years, Steve Romick pens a long letter to clients about looming risks for the stock market. His timing is usually too early—credit-default swaps in 2002, subprime mortgages in 2005, excess leverage in banks and investment banks in 2006—but…
700 billion of refis in corporate America coming in 2019. Per recent Barron’s article (1/12/19), should bring significant downgrades in corporate credit. We believe downgrades roll down: i.e. BBB to BB+, BB+ to BB, etc. We believe we retrace the…
We believe the intermediate low is in on the equity markets (when the VIX hit 50) Markets should be range bound for the foreseeable future (Dow: 23775 to 26616, S&P: 2600 to 2872, Nasdaq: 6800 to 7505) Credit markets, commodities,…
We believe the U.S. deficit will be greater than $2 trillion Dollar trouble could cause Federal Reserve to raise 5-6 times We believe the dollar will be 10% lower by summer
“The team at Leader Capital has been crucial to our success over the years,” said John Lekas, CEO of Leader Capital and senior portfolio manager. “Ethan and Shane are both talented professionals and proven to be a great asset to…
BULLISH ON COMMODITIES AND PHARMA We want to re-iterate our November 2017 view. We like commodities and pharma!! From November, oil has climbed $5/bbl and pharmaceutical companies such as Teva and Valeant have climbed 39% and 57% respectively. We believe…
We believe the winners for the end of year and 2018 will be commodities and pharmaceuticals Our budget deficit means more notes, bills, and bonds will be printed, which will drive the dollar lower A lower dollar is inflationary…
A mutual fund entrepreneur in Oregon is leaning increasingly on technology, more so than on traditional wholesalers. READ MORE
Words are powerful, and for investors seeking income, the words “floating rate” are particularly alluring these days. The Federal Reserve is likely to raise interest rates again in December, and rates globally have risen sharply in just the past week.…