Stephanie Link, Chief Investment Strategist at Hightower Advisors and CNBC contributor, Joins Julia La Roche on episode 39 to discuss the Fed’s latest interest rate hike, her economic and market outlook for 2023, her investment process, what makes a great CEO, working with Jim Cramer, and more.
Stephanie Link joined Hightower in June 2020 as Chief Investment Strategist and Portfolio Manager at Hightower. Before joining Hightower, Ms. Link was the Senior Managing Director and Head of Global Equities Research at Nuveen. She also served as Chief Investment Officer at TheStreet, Co-Portfolio Manager of Jim Cramer’s Charitable Trust, and Managing Director of Institutional Sales and Director of Research at Prudential Equity Group. With over 27 years of experience managing money, Ms. Link’s insights are frequently sought after for industry events and by the media, and is a CNBC contributor for several shows, including The Halftime Report, Closing Bell, and Squawk Box.
0:00 Intro
0:00 Reaction to the Fed rate hike
2:33 Should be ratcheting down the hawkishness
3:33 Outlook on rate hikes
4:30 Theory on market reaction to Fed
5:30 Pivot off the table in Q1
7:08 Inflation
9:06 Fed’s 2% inflation target
10:06 Big picture view of the economy
14:45 Investment approach
19:12 Opportunities
23:12 Picking the No. 1 and 2 players
25:00 Betting against consumer is not a great thing
27:12 Evaluating management teams, CEOs
30:22 What makes a great leader?
34:39 Jim Cramer
39:57 Buying when a stock is down
42:00 Pursuing a career in finance/investing
45:00 CNBC
47:40 Sports team
49:20 Routine
51:20 Parting thoughts
