Don’t Fight the Fed
John Lekas CEO September 22nd, 2023 "Don't fight the Fed.” These individuals are academics, not rational business people. The good news is they will inform you of their intentions; there's no need to second-guess them. They have stated that they are data-dependent, so let's examine the data! It clearly indicates that they will continue to raise rates. The two inflation…
Next Dose of Inflation
John Lekas – CEO and Senior Portfolio Manager July 24th, 2023 We anticipate that weakness in the US dollar (DXY) will initiate an upward trajectory in commodity prices. The sanctions against Russia have led to fragmented financial markets, allowing movement away from the dollar towards other currencies for the purpose of trading commodities; currencies such as the Chinese renminbi, the…
Perfect Storm
John Lekas – CEO and Senior Portfolio Manager May 1st, 2023 US Average Hourly Earnings Yearly Percent Change We believe the inflation we are seeing in the CPI and elsewhere will persist well into 2024. As we have stated in the past, this inflation is due to high wages, not the cost of goods sold. Wages have surged 38%* on…
Walking in The Mud
John Lekas – CEO and Senior Portfolio ManagerJanuary 30th, 2023 2023 won't be the beat-up of 2022, but we believe it will be like walking in mud: slow, arduous, and no easy sprints. So Goes January, So Goes the Year. Typically, what happens in January tends to set the stage for the rest of the year, and it has been…
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”. We expect rates to stay higher for longer; the Federal Reserve most likely pauses between 5.25 and 6 % in…
Don’t Fight the Fed
John Lekas CEO September 22nd, 2023 "Don't fight the Fed.” These individuals are academics, not rational business people. The good news is they will inform you of their intentions; there's…
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…
Board of Directors / Andrew Rogers
Leader Capital recently held a vote by proxy to establish a stand alone trust. Meet our new Trustees, Andrew Rogers, Raymond Davis and Marty Kehoe, who will serve on our…
Grim Earnings Forecasts Are Getting Worse by the Week
With most investors focusing on monetary policies and trade negotiations, the grim outlook for earnings is flying under the radar. John Lekas, CEO & senior PM of Leader Capital, shares…
A Winning Mutual Fund Prepares for the Next Storm
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…
Portland businessman works to stop the sale of dog meat
John Lekas has retained former Multnomah County Commissioner Loretta Smith to lobby Congress on the…
The Ugliness Of The Lychee And Dog Meat Festival
Help stop the Lychee Massacre. Save tortured dogs. The Lychee and Dog Meat Festival is…
Leader Capital Promotions
“The team at Leader Capital has been crucial to our success over the years,” said…
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