Trump Trade
John Lekas – CEO & Senior Portfolio Manager November 18th, 2024 We continue to believe that a low-dollar policy is in place. With Trump in office, it is almost certain that fiscal and monetary policies will move in tandem. The…
The Great Fund Face-Off
Leader Capital High-Quality Income Fund was featured in Barron's Mutual Fund Quarty article. Barron's author Lewis Braham said, "Leader Capital High-Quality Income has trounced its peers in Morningstar's Intermediate Core-Plus Bond category." Read the full article here: "The Great Fund Face-Off"
2024 Market Outlook
John Lekas - CEO and Senior Portfolio Manager February 20th, 2024 Inflation is expected to persist, as previously discussed in our newsletters. Our stance remains unchanged: the Federal Reserve is unlikely to lower interest rates until the unemployment rate (U-3)…
How Bond Funds Have Fared During the Fed’s Rate Hikes
When it came to helping investors navigate recent debt-market turmoil induced by Federal Reserve rate increases, bond-picking fund managers largely came up short. Of almost 2,000 actively managed bond funds covering a range of investing strategies, 58% failed to beat…
Rates Higher for Longer
Rates Higher for Longer John Lekas – CEO and Senior Portfolio ManagerNovember 23, 2022 Interest rates will be higher for longer in our view and conversely, the market will be in the doldrums for longer. “Do not fight the Fed”.…
Bull Market or Bear Rally
John Lekas – CEO and Senior Portfolio ManagerSeptember 30th, 2022 We believe the markets giving back most of the pandemic trade. Earnings could potentially prompt higher unemployment as companies try to keep earnings from declining. In our opinion, the U-3…
Unemployment, Fed, and The War
John Lekas – CEO & Portfolio MangerJuly 29th, 2022 Three things are driving the market between now and 1/1/2023. 1. Unemployment (most important)2. The Fed3. The War & Policy Unemployment (Most Important) The negative correlation between unemployment and equity markets…
My Trip to the Store – Will Small Businesses Fail in 2022-2023?
John Lekas – CEO & Portfolio ManagerJune 29th, 2022 Last Sunday I went to get hanging plants at Fred Myer supermarket. The open gate at the Garden Center was locked which is unusual so I inquired why? The gentleman explained…
Market Outlook 2022
1.19.2022 False Alarm We believe the fed will not raise rates this year more than two times. It’s not necessary and it’s an election year. Our Reasoning is as follows: We believe raising rates 4 times or more will lead to…
2021 Newsletter – 6.16.21
We had exceptional performance in our fiscal year 2020 due to the dislocation that came from Covid-19. In addition, our exposure to oil and gas particularly in the form of shrinking supply in both oil and gas markets moved prices higher.…