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WEALTHTRACK

Markets and Investing

Consuelo Mack has a long and distinguished career in business journalism. In 2005 she struck out on her own to launch her dream program, a weekly half-hour program on public television devoted to helping Americans build and protect their wealth over the long-term. Now in its sixteeth season, CONSUELO MACK WEALTHTRACK has been dubbed the “Cramer Antidote” by the press and Money Magazine named Mack “The Best Money TV Host.” WEALTHTRACK is the only program on television devoted to long-term diversified investing in all of the investments people care about. Support this podcast: https://anchor.fm/wealthtrack/support

Consuelo Mack has a long and distinguished career in business journalism. In 2005 she struck out on her own to launch her dream program, a weekly half-hour program on public television devoted to helping Americans build and protect their wealth over the long-term. Now in its sixteeth season, CONSUELO MACK WEALTHTRACK has been dubbed the “Cramer Antidote” by the press and Money Magazine named Mack “The Best Money TV Host.” WEALTHTRACK is the only program on television devoted to long-term diversified investing in all of the investments people care about. Support this podcast: https://anchor.fm/wealthtrack/support

Location:

United States

Description:

Consuelo Mack has a long and distinguished career in business journalism. In 2005 she struck out on her own to launch her dream program, a weekly half-hour program on public television devoted to helping Americans build and protect their wealth over the long-term. Now in its sixteeth season, CONSUELO MACK WEALTHTRACK has been dubbed the “Cramer Antidote” by the press and Money Magazine named Mack “The Best Money TV Host.” WEALTHTRACK is the only program on television devoted to long-term diversified investing in all of the investments people care about. Support this podcast: https://anchor.fm/wealthtrack/support

Language:

English

Contact:

917.740.8737


Episodes

“Black Swan” Advice

10/24/2020
COVID-19 reminded us that life-changing “Black Swan” events don’t just happen once in a century. They are an ongoing reality. In the last twenty years, we have lived through 9/11, the global financial crisis, and now a global pandemic with the unintended consequence of rolling economic lockdowns. On an investment level, all of these events have delivered a sharp hit to financial markets from which they have recovered. Such is the resilience and strength of the U.S. capital markets...

Duration:00:25:43

Deep Value Opportunities

10/16/2020
One extraordinary characteristic of this pandemic period has been stock market performance. A recent Wall Street Journal headline captures it perfectly: “Turbocharged stocks blast off.” In its third-quarter market’s review, the Journal points out that “more stocks skyrocketed at least 400% in the first three quarters of the year than in any comparable period since 2000.” This is not a tide that is lifting all boats, anything but. The overwhelming majority of the winners are tech or...

Duration:00:26:28

4 Forces Driving The Economy: Powerful And Sustainable

10/9/2020
How surprised have you been by the market’s supercharged recovery from the March lows and the economy’s rebound from the COVID trough? By any measure, the snapback has been extraordinary. The shortest bear market in U.S. history, a mere 33 weeks from late February to late March, and a much faster recovery than expected. As this week’s guest, Nancy Lazar told clients recently: “In the last expansion it took almost 9 years (until 2018) for unemployment to fall to 4.0%. Today the Fed expects...

Duration:00:25:56

The Feds Importance in Predicting the Markets

10/3/2020
“Don’t fight the Fed” has become an accepted Wall Street adage. It’s a phrase coined by Martin Zweig, a legendary technical analyst, and investor who predicted the 1987 market crash to the day and was the author of the 1970 investment classic Winning On Wall Street. Zweig wrote that “The monetary climate - primarily the trend in interest rates and Federal Reserve policy - is the dominant factor in determining the stock market’s major direction.” Fast forward 50 years and “Don’t fight the...

Duration:00:26:05

Shaking Up A Legendary Fund

9/25/2020
How do you successfully take over and run a legendary fund with a 60-year track record of excellence? We are about to find out this week in a rare interview with a fund manager who is doing just that. The fund is the T. Rowe Price New Horizons Fund. The small-cap growth fund has 34 billion dollars in assets and carries a Five-Star, Silver Analyst rating from Morningstar. Prior to taking over the fund, Spencer established his own record of excellence with the T. Rowe Price Global...

Duration:00:26:18

Social Security Benefits: More Valuable Than Ever [2020]

9/18/2020
COVID-19 has thrown a monkey wrench into many retirement plans as millions of Americans were thrown out of work and many were forced to tap into retirement accounts to pay the bills. The experience has made Social Security benefits even more valuable to potential and current retirees. According to Social Security expert Mary Beth Franklin, they account for half or more of total income for 50% of married couples and 70% of unmarried individuals. They are the only source of guaranteed income...

Duration:00:26:09

Retirement Benefits: Stress & Hurt

9/11/2020
COVID-19 has affected just about every aspect of our lives: our jobs, our health, our family and social interactions, children’s education, and leisure time. But what has it done to retirement prospects? Not surprisingly, it has hurt them. According to a survey of American workers with qualified retirement savings accounts, “...almost half (49%) had experienced a reduction in work income through job loss, or decrease in hours and/or a pay cut”. Also, “...workers who lost their jobs or...

Duration:00:26:20

Rising Markets: All The Reasons To Be Bullish

9/10/2020
All The Reasons To Be Bullish - This Week on WEALTHTRACKRemember the discussions about the shape of the economic recovery? Would it be a “V”, a “W”, or maybe even a hockey stick? The jury might still be out about the economy, but as far as the markets are concerned there is no question. V’s abound. The top five S&P 500 companies by market capitalization - Apple, Amazon, Microsoft, Google’s parent Alphabet, and Facebook - all but the last topping a trillion in market value, are sharply...

Duration:00:26:15

Economic Opportunity = Common Sense - Some Revolutionary Ideas

8/7/2020
One of the biggest issues to emerge from the pandemic is income inequality. It has become even more pronounced as millions of low-income workers lose their jobs and the much smaller number of high-income workers keep theirs and benefit from a powerful bull market. This week’s guest is on a crusade to change this dynamic, by giving opportunities to lower-income individuals and their families to achieve economic success. He is Great Value Investor and Financial Thought Leader Joel...

Duration:00:26:34

Crisis Investing: How To Handle The Extremes

8/1/2020
We are in a rolling economic crisis right now, subject to the vagaries of the advance or retreat of the COVID-19 virus. It is an ever-changing scenario with stark winners and losers. The economy contracted at an annualized rate of 32.9% in the second quarter, the sharpest decline in the 70 plus years of GDP tracking. After several weeks of improvement, jobless claims for first-time unemployment benefits rose for the second week in a row. 17 million Americans are now collecting...

Duration:00:26:48

Safe Haven Investing in the Bond Market

7/25/2020
Safe haven investments are hard to find these days, which is why we need them more than ever. We are faced with risks we haven’t experienced in living memory. A truly global and spreading pandemic, rolling government lockdowns, unprecedented involvement in securities markets by the Federal Reserve and other central banks, and massive stimulus from governments with payments to individuals and businesses. Normally when corporate and government debt soars to record levels bond markets get...

Duration:00:26:14

Gold as a Long Term Substitute for Cash: Pandemic Uncertainty Risks

7/18/2020
There are a few moments in one’s lifetime when the geopolitical and economic backdrop truly changes. COVID-19 and its aftermath are one of those moments. I call it “The Pandemic Pivot”. The combined shocks of a highly contagious and in some cases deadly virus, global economic shutdown, rising populism, and global unrest are upending the old world order and introducing new disruptive dynamics yet to be fully realized. In the meantime each of us has to live our lives, do our work and plan...

Duration:00:26:14

Great Investor Bill Miller’s Bullish Case

7/10/2020
Part Two: We are living in extraordinary times. We are calling it the Pandemic Pivot: the changes that have occurred or accelerated because of COVID-19 and the dramatic response to it, from economic shutdown to massive life support. The stock market performance has been largely driven by a small group of well-known mega-cap tech stocks which explains the NASDAQ and S&P 500’s stellar performance and the lagging broader markets. Apple, Microsoft, Google’s parent Alphabet, Amazon, and Facebook...

Duration:00:26:05

What The Pandemic Has & Has Not Changed

7/4/2020
We are marking the start of this season with the introduction of a new series. What we are calling the “Pandemic Pivot” - the rapid economic, market, and geopolitical shifts we are experiencing during the global health crisis. Through lockdowns and re-openings, the changes have been dramatic and swift. The huge, largely government-induced shutdown of global commerce ended the record-breaking economic recovery and the bull market in the U.S. The massive monetary and fiscal stimulus in...

Duration:00:29:10

This is a Bear-Market Rally, Life Has Changed & “Homebody” Investments Will Flourish

6/20/2020
One of the striking financial characteristics of this pandemic stricken world has been the extreme divergence between the sickening economic reality on the ground and the out of this world exuberance in the stock market, which started long before now when businesses are slowly and sporadically being allowed to reopen. This week’s guest’s interpretation of the data is the polar opposite. He has widely followed economist, David Rosenberg, President, Chief Economist and Strategist at Rosenberg...

Duration:00:26:24

Why Nothing Will Be Normal

6/12/2020
In the first of a two-part interview, Influential economist David Rosenberg explains why “nothing is normal” after the COVID-19 pandemic. This is a picture that Rosenberg has been painting ever since the pandemic hit. And well before that he was deeply concerned about the economy’s weakness and the stock market’s vulnerability. Dave Rosenberg is President, Chief Economist and Strategist at his independent economic consulting firm Rosenberg Research & Associates which he launched early this...

Duration:00:26:54

Financial Impact of Past Pandemics – Important Lessons for Today

6/6/2020
The impact of past pandemics on the U.S. economy and markets has important lessons for today says financial historian Richard Sylla, as does the record growth in both monetary and fiscal stimulus. More info: https://wealthtrack.com/the-financial-impact-of-past-pandemics-has-important-lessons-for-today-says-historian-richard-sylla/ Reading List: “Pandemics and Epidemics: Financial and Economic Effects” :...

Duration:00:31:51

Influential Economist Paul McCulley on the Lasting Necessity of Record Monetary & Fiscal Stimulus

6/2/2020
Central banks and governments around the world are pulling out all the stops to replace income lost from COVID-19 shutdowns, including as we have seen in the United States direct payments to individuals. We are devoting a WEALTHTRACK podcast this week to “Helicopter Money”, a concept coined by Nobel Prize-winning economist Milton Friedman who theorized that as a last resort in a deflationary depression the government could drop dollar bills from a helicopter for people to pick up and spend...

Duration:00:36:29

Really Cheap Markets and the Pandemic’s Hidden Toll With Financial Thought Leader Rob Arnott

5/26/2020
Can investing be simple? With the 20/20 vision of hindsight it sure looks that way. Had investors just decided to stay in the U.S., invest in growth stocks, especially mega-cap tech stocks they would have hit the trifecta over the last decade or more. Has the COVID-19 pandemic changed that formula for success? It has not. If anything it seems to have accelerated and accentuated it. The extended FAANG family known by the acronym FAANGM for Facebook, Amazon, Apple, Netflix, Google’s parent...

Duration:00:25:45

Bad Economy Getting Better but Fears a Damaging 2nd Wave

5/15/2020
No doubt about it. The stream of economic news is terrible. The pandemic induced shutdown of much of the U.S. economy, Europe and other countries has resulted in stunning declines in employment, income, sales, earnings, government revenues, and overall economic output. This week’s guest has been following and cataloging all of the economic and policy developments since the beginning of the pandemic and joins us with a summary and update on what it means for the overall economy, businesses,...

Duration:00:26:53