WEALTHTRACK

Robert Kessler, a retired treasury bond manager and CEO of Kessler Investment Advisors, shares his bold stance on investing without stocks. He critiques the 'stocks for the long run' belief, revealing why he's fully divested from equities. Kessler highlights current market volatility and the risks of high stock valuations, urging listeners to consider safer assets like short-term treasuries. He also addresses tax implications that steer investors away from profit-driven decisions, advocating for a diversified and cautious approach to navigating financial uncertainties.

Ed Yardeni, an influential economist and head of Yardeni Research, shares insights on the surprising resilience of the US economy amidst global challenges. He explores the hurdles to China's economic dominance, such as systemic issues and demographic shifts. Yardeni discusses the evolution of modern investing, highlighting the rise of passive investments and the growing role of technology. He emphasizes the importance of market confidence and shares actionable advice for retirement planning, showcasing solutions to enhance digital security.

In this engaging conversation, economist Ed Yardeni, President and Chief Investment Strategist at Yardeni Research, shifts from being bullish to cautious due to Trump's tariffs disrupting financial markets. He discusses the historical parallels to the 1920s, evaluates consumer resilience and the stock market's 'fake economy' status, and shares insights on the S&P 500 and gold investments spurred by geopolitical tensions. Yardeni emphasizes the importance of independent investment strategies amidst market volatility, drawing on famous investor psychology.

David Rosenberg, president and chief economist at Rosenberg Research, shares his contrarian views on inflation and interest rates. He predicts that inflation will decrease, prompting the Fed to cut rates more than anticipated. The discussion debunks common myths about inflation and highlights the impact of AI on productivity. Rosenberg also emphasizes the importance of a diversified investment strategy, especially in the current market, recommending long-term portfolios and Canadian stocks for stability.

David Rosenberg, President and chief economist of Rosenberg Research, shares his contrarian views on the market's recent bull run. He remains skeptical about the sustainability of earnings growth amid a surge fueled by generative AI. Discussing the unpredictable nature of the stock market, Rosenberg highlights the importance of historical investment strategies and the role of diversification. He also critiques Federal Reserve policies while advocating for maintaining cash reserves within portfolios to navigate potential economic challenges.

Jason Trennert, Chief Investment Strategist at Strategas, shares his expert insights on major investment trends for 2025. He discusses the importance of modernizing energy infrastructure and the historical lessons from inflation trends. Trennert delves into the 'Trump trade' and its implications for future policies, while navigating the stock market's challenges and opportunities. He also highlights the resurgence of investor confidence, driven by technological advancements in utilities, and suggests contrarian strategies targeting underperforming sectors for potential growth.

David Giroux, an acclaimed portfolio manager at T. Rowe Price, dives into the evolution of investing over the past 25 years. He discusses the shift from traditional strategies to short-term trading, showcasing the opportunities for long-term investors. Giroux also shares his insights on the impact of AI on investment strategies and emphasizes the importance of management quality. Additionally, he highlights Rivety's potential in the tech sector and discusses how Kahneman's 'Thinking, Fast and Slow' influences decision-making in investing.

Matthew McLennan, co-head of First Eagle Investment's global value team, offers keen insights on investing amid uncertainty. He highlights value in unexpected sectors and the importance of diversification, particularly in light of U.S.-China tensions. McLennan emphasizes gold as a stabilizing asset and explores lucrative opportunities in medical technology and international markets like Mexico. He also reflects on historical lessons for today’s investors, advocating for a well-rounded portfolio to navigate high-risk environments.

Warren Pierson, Co-Chief Investment Officer of Baird Advisors and portfolio manager of the top-rated Baird Aggregate Bond Fund, explains the newfound popularity of bonds.

Great investor David Giroux has cut way back on stocks and increased bonds in his top performing T. Rowe Price Capital Appreciation Fund. He explains why stock prices are scary and bonds look better than most stocks in 2025.