A Brighter Future: Recent Episodes
Laidlaw Wealth Management
In this ongoing series of interviews, renowned market strategist David Garrity and Richard Calhoun, CEO of Laidlaw Wealth Management discuss the 2020 market forecast and offer invaluable insights into the capital markets in light of current events and the resulting unprecedented volatility.
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management and Naples Wealth planning and David Garrity, Chief Market Strategist discuss where in the market long-term investors might commit capital in the current environment, the factors investors confront with the Fed clearly set to tighten monetary policy, and the extent to which investors should factor in geopolitics in investment strategy.
Some of the topics discussed are: Is the equity market now at a level where long-term investors might consider committing capital? How much of a headwind does Fed tightening represent for the markets and the economy? With Russia threatening Ukraine, should investors be concerned about geopolitical risks?
Please tune in for more timely insights.
#MarketOutlook #GeopoliticalRisk #Inflation #InterestRates #SP500 #StockMarket
In this episode, Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the prospects for Fed monetary policy in 2022 and the impact on the stock market, indications of profit margin pressure in 4Q 2021 results and its possible persistence in 1H 2022, and with cryptocurrencies off -30% from their November 2021 high what indicators should investors look to for stabilization in the asset class.
The topics discussed in this episode are: How many interest rate hikes are expected in 2022 and will the stock market hold up over the course of the year? With labor costs rising, what are the prospects for the 4Q 2021 earnings season as most S&P sectors are forecast to have results decline quarter/quarter? and, with cryptocurrencies down -30% from November 2021, what indicators can investors reference for signs of possible price stabilization in the asset class?
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the prospects for further high-duration asset price correction following the release of the December 2021 FOMC minutes, what the December 2021 employment data indicates for the inflation and economic growth outlook, and how companies paying dividends in cryptocurrency (a Laidlaw Five forecast) is becoming a reality.
The topics discussed in this episode are: Ahead of another strong earnings season, what chances are there for the price of high-duration assets such as growth stocks to correct further? With wage rates growth at +4.7% well ahead of trailing +2.0% average, what is the outlook for inflation and Fed monetary policy? and with BTCS announcing the first “Bividend,” can we expect to see more companies issuing dividends payments to shareholders in crypto?
*On this episode, Richard Calhoun, CEO of Laidlaw Wealth Management & Naples Wealth Planning discusses the most recent Fed Meeting, the Impact of the reduction of QE, and the announcement of the potential for three (3) Interest Rate hikes in 2022 with Chief Market Strategist David Garrity. In addition, they are joined by Ken Mathieson to review the results of the 2021 Laidlaw Five as well as announce the 2022 Laidlaw Five.
Script can be found here.*
Read full transcript here!
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the Friday 11/26/21 market sell-off on the news of the COVID Omicron variant and whether it compromises the chances for a year-end rally, whether the Fed and other central banks moving to tighten monetary policy will on its own lead to financial market correction in 2022 and what factors may allow further financial market gains in the year ahead.
The topics discussed in this episode are: Has the COVID Omicron variant taken away the chances for a year-end “Santa Claus” rally? With global monetary tightening likely in 2022, were financial markets set to correct in any event? and What are the factors that could support a positive stock market return in 2022?
Please tune in for more timely insights.
Hashtags & Stock Symbols: #COVID #CovidOmicron #Inflation #InterestRates #MonetaryPolicy #Risk #SP500 #StockMarket $XLB $XLE $XLF $XLI $XLK
Full transcript can be found here.
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the current state of the stock market and what it may indicate for prospective investment returns in the decade ahead, whether inflation will prove to be transitory and what measures may be necessary to reduce it and how the economic wealth accruing in the cryptocurrency asset class is drawing human capital away from mega-cap Tech.
The topics discussed in this episode are: With certain well-regarded valuation measures indicating an extended stock market, what can we say about prospective investment returns from here? What can be done to moderate inflation and does it rely solely on monetary tightening? and What technology innovation do we see developing around blockchain and cryptocurrency as tools for developing Web 3.0?
Please tune in for more timely insights.
Hashtags & Stock Symbols: #Blockchain #Crypto #Inflation #Risk #Solana #SP500 #StockMarket #Tech #Web30 $BTC $ETH $SOL $XLK
In this episode, Richard Calhoun CEO of Laidlaw Wealth Management and Naples Wealth Planning is joined by Sylvia Jablonski Chief Investment Officer of Defiance ETF’s as they discuss what’s next for the market now that the Fed has announced the reduction of QE as well as “newly minted” investments like NFT’s and Crypto and finally her thoughts on the remainder of 2021 and her outlook for 2022.
The topics discussed in this episode are: Will high inflation and the potential for a slowdown in corporate earnings derail this market? What was Barron’s talking about in the cover story “Weird Finance” this weekend? What Are NFT’s and are they a good investment? What does the Re-Opening Trade Look Like now? What are Rules Based ETF’s? After the most record highs in a year since 2013, the S&P 500 is on track to finish 2021 strong but after three consecutive years of above-average returns, could 2022 prove more challenging?
Please tune in for more timely insights.
Hashtags & Stock Symbols: #DefianceETF’s #EarningsSeason #Fed #Inflation #Risk #StockMarket #SP500 #NFT#Crypto #ReopeningTrade
Full Transcript can be found here.
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the level at which the 10-year interest rate may challenge the stock market advance, the prospects for “stagflation” re-emerging in the midst of the post-COVID recovery and how investors might consider positioning portfolios in this environment, and what odds are there that Bitcoin and other cryptocurrencies will persist.
The topics discussed in this episode are: With 3Q 2021 earnings season delivering good outperformance relative to expectations, does the rise in 10-year Treasury rate present a threat and, if so, at what level? What are the factors that might serve to keep the present rise in inflation from becoming “stagflation” and how might investors position portfolios to limit the possible damage to purchasing power? and What are the factors that support our view that Bitcoin and other cryptocurrencies will persist despite pushback from established financial services providers?
Please tune in for more timely insights.
Hashtags & Stock Symbols: #Crypto #EarningsSeason #Gold #Inflation #InterestRates #Risk #StockMarket #SP500 $BTC $XLB $XLC $XLE $XLK $XLV
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the challenges posed to the global economy by the current prospect of a possible U.S. debt ceiling default scenario, the set-up for the stock market ahead of 3Q 2021 earnings season and the likelihood of the S&P 500 rising to the 4600 level in 4Q 2021, and the significance of recents quantum computing tests by Goldman Sachs and Fidelity Investments and what they may mean for financial market volatility in the 3-5 year outlook.
The topics discussed in this episode are: Will the Treasury issuing a $1 trillion platinum coin offers a means to take the politics out of monetary policy with the current partisan U.S. debt ceiling debate in Congress? Will S&P 500 earnings peak in 3Q 2021 and what are the odds the market gains 5%+ to reach 4600 in 4Q 2021? and With recent tests of quantum computing by Goldman Sachs and Fidelity Investments and its likely adoption bring greater volatility to financial markets over the next 3-5 years?
**Please tune in for more timely insights.
To read the transcript, please click here.**
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses whether inflation is posing a big enough threat to corporate profit growth as to derail the earnings momentum that has powered stocks higher in 2021 and how a China debt melt-down factors into the outlook for 2022, a review of the 2021 “Laidlaw Five” predictions and what they got right, got wrong and missed entirely as we are 71% through the 2021 trading year, and what are the hurdles cryptocurrency needs to surmount before it gains greater adoption.
The topics discussed in this episode are: What is the worst risk to the stock market now - inflation pressuring corporate profit margins or real estate market debt implosion in China?, How well have the 2021 “Laidlaw Five” forecasts fared now that we are 71% through the 2021 trading year?, and What hurdles does cryptocurrency need to surmount before it can gain greater adoption?
To read the script, click here.
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses whether the stock market advance is becoming vulnerable to pull-back as investors have perhaps grown complacent on the heels of last week’s Fed Jackson Hole conference, the growing threat of cyber-attacks and the “Value At Risk” for public companies, and whether cryptocurrencies should be considered to the “new” gold.
The topics discussed in this episode are: Is the market poised for correction due to the possibility that investors are now complacent after the Fed Jackson Hole conference? Cyber-attacks are increasingly grabbing investor attention, but just how big is the “Value At Risk” for public companies?, and Should investors consider cryptocurrencies to be the “new” Gold?
Please tune in for more timely insights.
Hashtags & Stock Symbols: #Cyberattacks #Cybersecurity #Cryptocurrency #Crypto #Fed #Risk #StockMarket #SP500 #ValueAtRisk $XLB $XLC $XLE $XLK $XLV
To read the transcript, click here.
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the upcoming Fed Jackson Hole conference and the likely direction of Fed monetary policy, the two-phase US labor force recovery and how it has major cities lagging behind, how “Work From Home” is likely to restrain further urban economic recovery, and thoughts on how the current recovery compares with that from the 2009 recession and whether international markets are attractive for investors now.
The topics discussed in this episode are: Which dual Fed policy mandate will come out on top at Jackson Hole this year - Employment Support or Inflation Containment? Is “Work From Home” leaving major U.S. cities as laggards in the economic recovery from COVID?, How is this recovery compared to that from the 2009 recession? and Should investors consider international markets at this point in the cycle?
Please tune in for more timely insights. Full script can be found here.
Hashtags & Stock Symbols: #Economy #Fed #InterestRates #InternationalEquities #StockMarket #SP500 $EWD $EWU $XLB $XLC $XLE $XLK $XLV
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the July Jobs Report and the possible impact on Fed monetary policy, the fall-out from Beijing’s crackdown on a widening range of sectors and whether it undermines the case for emerging market investing, and the efficacy of Growth-At-A-Price (“GARP”) as a tool for sector selection in the 2H 2021 market environment.
The topics discussed in this episode are: Will the strong July Jobs Report triggering The Fed to move up the timing of monetary policy tightening?, Has Beijing’s regulatory crack-down damaged the case for emerging market investing and, if not, when might China again become investable? and With the 2H 2021 outlook for greater volatility, should investors use “Growth-At-A-Reasonable-Price” (GARP) to chart a safer course?
Please tune in for more timely insights. For the script, click here.
Hashtags & Stock Symbols: #China #Economy #EmergingMarkets #Fed #GARP #InterestRates #RiskIndicators #StockMarket #SP500 $EMXC $XLB $XLC $XLE $XLK $XLV
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses stock market risk indicators, the 2Q 2021 earnings season, the importance of retail and non-U.S. investors to the stock market in 2H 2021, and the outlook for the upcoming FOMC meeting and The Fed’s August 2021 Jackson Hole conference.
The topics discussed in this episode are: With the stock market advance occurring on narrower breadth, should investors pare equity exposure?, Does the record strength seen in 2Q 2021 earnings season to date likely translate to more market highs?, How important are U.S. retail and non-U.S. investors to supporting the S&P 500 in particular and the U.S. equity market more broadly?, and What should investors expect from The Fed meeting this week?
Please tune in for more timely insights.
Hashtags & Stock Symbols: #Economy #Fed #InterestRates #RiskIndicators #StockMarket #SP500 $XLB $XLC $XLE $XLK $XLV
The entire transcript can be read here.
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the interest rate outlook, the stock market’s current valuation, the development of cryptocurrency staking, and the outlook for the 2Q 2021 earnings season.
The topics discussed in this episode are: Will the current “growth scare” driving Treasury yields lower push The Fed to hold off on raising interest rates in 2022?, Does the stock market show signs of euphoria that might signal the end of the current bull market?, What is cryptocurrency staking and does it offer significant potential for total return investors?, and Will the stock market “buy the rumor, but sell the news” in the upcoming 2Q 2021 earnings season kicking off this week?
Please tune in for more timely insights.
Hashtags & Stock Symbols: #Crypto #Economy #Fed #GARP #InterestRates #Staking #StockMarket #SP500 $XLB $XLC $XLE $XLK $XLV
To read the full script, click here.
Synopsis: “A Brighter Future” - Episode 51
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the significance of the bipartisan infrastructure spending package announced last week, the implications from last Friday’s Russell Index Reconstitution as it pertains to prospective stock market volatility, the results from the Fed’s latest “stress” test of the banking sector and how investors may benefit when banks announce capital return plans after today’s close, and how “Growth At A Reasonable Price” serves to explain current stock market performance better than the Growth vs. Value debate.
The topics discussed in this episode are: How soon will the U.S. economy benefit from the bipartisan infrastructure plan and what sectors to watch?, Will stock market volatility increase as a result of the latest Russell Index Reconstitution?, What can investors anticipate from banks’ capital distribution plans given the results of the Fed’s latest “stress” test?, and Does the Growth vs. Value debate help investors understand current stock market dynamics or are other approaches more insightful?
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Hashtags & Stock Symbols: #Banks #Economy #Fed #GARP #Infrastructure #StockMarket #SP500 #Volatility $XLB $XLC $XLE $XLK Script can be found here.
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the current market environment following last week’s FOMC meeting and interviews Defiance ETFs’ CIO Sylvia Jablonski on the areas of growth investors should consider as the market is currently confronting a “growth scare.”
Please tune in for more timely insights.
Hashtags & Stock Symbols: #Economy #ETFs #Fed #StockMarket #SP500 $CRUZ $FIVG $HDRO $IBBJ $PSY $QTUM $SPAK
Script can be found here.
Synopsis: “A Brighter Future” - Episode 49
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the risks and merits of exposure to the newly emerged cryptocurrency asset class, the inflation takeaways from the May Employment Report, the prospects for the Value sector to lead the market higher over the balance of 2021 along with how portfolios should be diversified between Growth and Value holdings, the outlook for oil prices given the likely return of Iran to the crude market, and the possibility that a financial market hurricane may unfold in light of high valuation levels and possible tax increases.
The topics discussed in this episode are: What needs to happen in order for cryptocurrencies such as Bitcoin to become an investable asset class?, Will inflation rise following on the employment market’s recovery?, Will Value stocks continue to outperform and should portfolios still hold Growth names?, What are the prospects for the oil market as Iran is likely to return as a supplier? and With valuation levels elevated and tax rates likely to rise, is there a financial market hurricane over the horizon?
Please tune in for more timely insights.
Hashtags & Stock Symbols: #BTC #Cryptocurrencies #Economy #ETH #Fed #Inflation #Oil #StockMarket #SP500 $EWD $EWS $EWT $EWU $EZA $IVE $SPY $VTV $XLB $XLE $XLF $XLI
To read full transcript, please click here.
Synopsis: “A Brighter Future” - Episode 48
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the final take-aways from the 1Q 2021 earnings season and what it tells us about corporate earnings power, how with the U.S. Dollar weakening and COVID vaccine availability increasing International markets are beginning to outperform the S&P 500, as cybersecurity concerns are increasingly top of mind what are the implications of the recent White House Executive Order on cybersecurity, and with the Fed expected to move towards tapering QE over the balance of 2021 what sectors may provide stock market leadership.
The topics discussed in this episode are: Have we reached the point where Street estimates have caught up with corporate earnings power and valuation multiples begin to compress?, Will May 2021’s outperformance by International markets continue for the balance of 2021?, Will the recent White House Executive Order on Cybersecurity lead to a reduction in cyber attacks such as ransomware?, and With the Fed moving towards QE tapering, how might sectors leadership change and what sectors are poised to outperform from here?
Please tune in for more timely insights.
Hashtags & Stock Symbols: #Economy #Fed #Inflation #StockMarket #SP500 $EWD $EWS $EWT $EWU $EZA $IVE $SPY $VTV $XLB $XLE $XLF $XLI
Full transcript can be found here.
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses how The Fed is juggling its dual mandate of price stability and maximum sustainable employment, the question of where following the Colonial Pipeline ransomware attack steps can be taken to improve infrastructure cybersecurity, whether with market volatility likely to increase over the balance of 2021 should investors be adding to positions, and whether there is any benefit from tactical portfolio positioning based on seasonal trends.
The topics discussed in this episode are: Are inflation hawks right to criticize current Fed monetary policy?, What is the upshot of the Colonial Pipeline ransomware attack in considering infrastructure cybersecurity?, With equity market volatility expected to rise, should investors add to positions and in which sectors?, and Does it make good long-term investment sense to “sell in May and go away”?
Please tune in for more timely insights.
Script can be found here.
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses how the current stock market advance may appear extended and what is needed for earnings growth to support current levels, the outlook for Fed tapering asset purchase policy in the face of rising inflation readings, whether investors should consider taking profits in Tech sector stocks, and whether overseas markets can offer superior returns from here to investors and where to look now.
The topics discussed in this episode are: What earnings growth rates are necessary to support current stock market levels?, What is happening with inflation and will it prompt The Fed to taper asset purchases?, How should investors position themselves in the Tech sector as the economy re-opens?, and Is China an attractive overseas market now and where should investors look overseas for superior returns at better valuations now?
Please tune in for more timely insights. To read the transcript, please click here.
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the stock market’s current underpinnings, the outlook for Fed policy, the growing strategic importance of rare earth elements and, with the prospect of increased infrastructure investment, what are investors to do with commodities now?
The topics discussed in this episode are: What are the prospects for extending the stock market advance following last week’s choppy price action induced by talk of higher taxes?, Whither The Fed?, What are rare earth elements and why are they strategically important?, and With sustained growth in infrastructure spending likely, what should investors do with commodities now?
Please tune in for more timely insights.
Script can be found at this link.
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the prospects for the S&P 500 after surpassing the 2021 “Laidlaw Five” target of 4000, the prospect for positive earnings estimate revisions during the upcoming 2021 Q1 earnings season, what factors drive corporate bond spreads and, with Bitcoin having hit the cover of Barron’s, what are investors to do now?
The topics discussed in this episode are: While market volatility likely to increase, is S&P 500 4500 possible?, Can 2021 Q1 earnings season lead to a +10% upward revision to Street estimates for 2021 and 2022? What factors drive corporate bond spreads and are they likely to widen from here?, and With Bitcoin on the cover of Barron’s, what should investors do with cryptocurrencies now?
Please tune in for more timely insights.
#Bitcoin #Crypto #EarningsSeason #Economy #Fed #StockMarket #SP500 $BTC $IWN $RSP $XLE $XLF $XLI
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses what factors are driving current expectations around rising inflation, the importance of PMI surveys as a window on the operation of the global supply chain, how lower-duration equities are faring against the backdrop of rising interest rates and how should investors consider investing the legalization of Cannabis.
The topics discussed in this episode are: What is more important to consider when viewing rising inflation expectations - increasing raw material costs or leverage levels globally?, Where were the surprises in last week’s PMI readings and what do they say about the global economy?, As rising interest rates underscore the importance of dividends to investors realizing total returns, how best to consider dividend policy?, and With Cannabis legalization gaining greater acceptance, how should investors approach a sector that has already been smoking hot?
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In this episode, Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the various aspects, benefits and risks related to the recently passed American Rescue Plan (ARP) and its market implications, the possibility that U.S. Consumer Confidence has bottomed, the prospects for this week’s central bank meetings and sector, style and country stock performance prospects.
The topics discussed in this episode are: With the ARP passage, what should investors consider in terms of near-term and long-run implications?, How important is consumer confidence and has it now passed its low for this cycle?, Will this week’s central bank meetings bring a risk of global policy “delinking”?, and How should investors consider geographic diversification post ARP passage?
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Hashtags & Stock Symbols: #AmericanRescuePlan #Congress #Economy #Fed #StockMarket #SP500 $EWU $IWN $XLE $XLF
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the chances for a stock market correction, thoughts around how the Fed will manage the long end of the Treasury yield curve, where to look for attractive values in the tech sector and what are the prospects for a commodity super cycle.
The topics discussed in this episode are: Where should investors be positioned for positive stock market performance?, How can a dovish Fed effectively manage the long end of the Treasury yield curve?, Where may investors find attractive values now in the tech sector?, and Are we in the early stages of a commodity super cycle?
Please tune in for more timely insights.
Hashtags & Stock Symbols: #Economy #Fed #GSCI #Inflation #StockMarket #SP500 $XLE $XLF $XLU
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses whether the rise of interest rates will slow the pace of economic recovery, whether inflation’s upturn is transitory or secular, whether the VIX index subsiding is a signal for a “risk on” market environment and how investors should consider Bitcoin and crypto-currency investment now versus the 2017 run-up.
The topics discussed in this episode are: Is the market forcing the Fed’s hand on interest rate policy?, Is the upturn in inflation a sign of something more permanent? How should investors consider the pull-back in the VIX index and should they go “risk on”?, and Does Bitcoin stand a chance of becoming “the digital equivalent” of gold?
Please tune in for more timely insights.
Hashtags & Stock Symbols: #Bitcoin #Crypto #Economy #Fed #Inflation #StockMarket #SP500 $IWO $IWN $XLE $XLF $BTC
In this episode, Richard Calhoun, CEO of Laidlaw Wealth Management, discusses whether The Federal Reserve can be thought to have abandoned the concept of moral hazard, the strength of the corporate earnings recovery as shown in the 4Q 2020 earnings season, the growth in ESG portfolios and how this may impact technology companies, and the significance of the current speculative bubble in heavily shorted assets.
The topics discussed in this episode are: Has The Fed abandoned moral hazard?, What are the take-aways from the strong 4Q 2020 earnings season? What are the broader implications of ESG’s rise as a portfolio management framework?, and Does the “Reddit Mob” speculative wave mark the end of the current stock market advance?
In this episode, Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the factors supporting the current market advance and handicaps three major risk factors, the significance of improved market breadth following the November election and how U.S. market sectors and overseas markets have fared so far in 2021, the concepts around Modern Monetary Theory and how they apply to current U.S. economic policy, and the need for significant infrastructure spending to support long-term U.S. growth prospects.
The topics discussed in this episode are: How to handicap the risks to the current market advance?, How should we view the market’s greater breadth and how are different sectors and geographic markets performing year to date? Should Modern Monetary Theory be viewed as a risk or a benefit?, and What is to be gained from a substantial infrastructure investment program and what companies would benefit?
In this episode, Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the growing
likelihood of a stock market correction, the pillars supporting further stock market
advances and whether they are intact, the volatile rise of Bitcoin as an alternative asset,
and the prospects for “Work From Anywhere” (“WFA”) continuing.
The topics discussed in this episode are: How extended is the current market advance?, How
robust are its underpinnings and have they been in any way compromised by recent
events?, Is it possible to make a long-term case for owning Bitcoin?, and What are the
likelihood and investment implications from“WFA” continuing?
Please tune in for more timely insights.
In this episode, Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the import of the last FOMC meeting, expectations around interest rate volatility in 2021, the pending further fiscal stimulus deal, the significance of M2, its velocity and consumers’ “animal spirits,” and the release of the 2021 “Laidlaw Five.”
The topics discussed in this episode are: How important was the last FOMC meeting?, Can we expect interest rate volatility to increase in 2021?, What does the pending fiscal stimulus deal tell us about Congress? What is the significance of M2, its velocity and consumers’ “animal spirits?”, and what can we look for in the 2021 “Laidlaw Five?”
In this episode, Richard Calhoun, CEO of Laidlaw Wealth Management, discusses whether investors have become complacent given the challenges facing the economy, factors supporting a possible “Santa Claus” rally in December, the exuberance of the IPO market, the attractiveness of China for U.S. investor diversification, and the outlook for the upcoming FOMC meeting.
The topics discussed in this episode are: Have investors become complacent and is it warranted?, In 2020, what can say as to the possibility of a “Santa Claus” rally?, Does the exuberance of the IPO market bode well for the broader market?, With a move towards non-U.S. markets for diversification, should investors consider China?, and What developments are likely to come from this week’s FOMC meeting?
In this episode, Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the risks posed by crowded trades, whether valuation multiples have reached unreasonable levels, whether developments in the energy market, how the fixed income markets might perform with rising inflation expectations, and how investors may consider looking overseas for 2021 returns.
The topics discussed in this episode are Howard Marks’ dislike for the markets, is it warranted?, How much might the current corporate earnings cycle outperform Wall Street expectations?, Do rising oil prices present a risk? Will the fixed income market take away the equity market’s holiday punch bowl?, and With the Dollar weakening, is it time for investors to go overseas?
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In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the importance of DJIA 30,000, whether further fiscal stimulus is required for another market move higher, the factors behind gold selling off from August 2020 highs, how market internals favor the Russell 2000 for 2021 performance, and takeaways relative to Janet Yellen being nominated for Treasury Secretary.
The topics discussed in this episode are: Just how significant was last week’s move to DJIA 30,000?, What are the odds on another major fiscal stimulus program from Congress?, With interest rates low, why has gold sold off?, Looking ahead to 2021, what do market internals tell us?, and Would Janet Yellen make for a better Treasury Secretary?
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In this episode, Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the start of a new market cycle, the marriage of technical and fundamental analysis in examining market leaders, the “FAANMG,” the “Growth Scare” reflecting the lack of further fiscal stimulus to contain the damage to the economy from COVId, how investors should approach investing in international markets, how tightening high-yield bond spreads provide confirmation to the rally in the Russell 2000 and other developments with Laidlaw & Company Chief Market strategist, David Garrity.
The topics discussed in this episode are: Just how significant was last week’s +6.07% move in the Russell 2000?, With rotation from Growth to Value is it time to sell out “FAANMG” positions?, With no further fiscal stimulus and COVID resurging, is the “Growth Scare” justified?, If investors want to invest internationally, what looks attractive now? and Should investors consider high-yield credit as an area for possible concern?
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the early take on the incoming Biden Administration and positive COVID vaccine news, the takeaway from the November Jobs Report, the “Growth Scare” limiting market acceptance of strong Q3 2020 earnings, how will gridlock in Congress shape the Biden Administration’s impact on different sectors and other developments with Laidlaw & Company Chief Market strategist, David Garrity.
The topics discussed in this episode are: Will government transition uncertainties and the COVID resurgence “growth scare” dampen the post-election rally?, Will Labor Force Participation rate recovery continue absent widespread COVID vaccine availability?, When will the market fully buy into the corporate earnings recovery? and Is the Biden Administration simply a re-opening trade or a restoration bull market cycle?
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In this episode, Richard Calhoun, CEO of Laidlaw Wealth Management, discusses what sectors might benefit under possible outcome scenarios from the November 2020 election, whether the Treasury yield curve’s 2-10 year spread reaching 2020 highs represents a threat to the stock market recovery, the question of whether PayPal’s cryptocurrency moves strengthens the portfolio allocation argument for Bitcoin and other developments with Laidlaw & Company Chief Market strategist, David Garrity.
The topics discussed in this episode are: What sectors should investors favor under either a Biden “Blue Wave” sweep or a Trump second term?, Is the stock market vulnerable now that the Treasury yield curve’s 2-10 year spread is nearing its 2020 highs, and Should investors make an allocation to Bitcoin and other cryptocurrencies on the tail of PayPal’s announcement and Paul Tudor Jones endorsing Bitcoin as an inflation hedge?
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In this episode, Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the factors supporting the stock market both ahead of the November 2020 election and into 2021, the early takeaways from the Q3 2020 corporate earnings season, whether the Growth vs. Value investment style distinction has been disrupted, the question of whether investors should reduce stock market exposure going into the election and other developments with Laidlaw & Company Chief Market strategist, David Garrity.
The topics discussed in this episode are: What factors will support stock market appreciation after the November 2020 election?, Can corporate earnings growth in 2021 support a 3800 level on the S&P 500 index? While investors consider rotating from Growth into Value, should we see this opportunity as just a trade, not a long-run investment shift?, and Should investors reduce stock market exposure in the run-up to the November 2020 election?
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In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the import for the stock market and the upcoming election of the September 2020 Unemployment Report, the importance of the upcoming 3Q 2020 results reporting season, the question of whether investors should consider diversifying into non-U.S. equities and other developments with Laidlaw & Company Chief Market strategist, David Garrity.
The topics discussed in this episode are: What is the take-away message from the September 2020 Employment Report for the economy, the stock market and the election?, Will the upcoming 3Q 2020 earnings season offset the uncertainty around the run-up to the November election?, What is the long-run impact of COVID on technology adoption cycles, global supply chains and U.S. Government debt management?, and Should investors consider diversifying their portfolios by adding non-U.S. equities?
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In this episode, Richard Calhoun, CEO of Laidlaw Wealth Management, discusses forces supporting the stock market and the economy for the balance of 2020, the passing of Supreme Court Justice Ruth Bader Ginsburg, the Fed, and other developments with Laidlaw & Company Chief Market strategist, David Garrity.
The topics discussed in this episode are: Who are “The Four Horsemen of the Recovery” and can they drive the market forward now? Will the tech sector continue to provide stock market leadership? Does the fight to fill the SCOTUS vacancy push fiscal stimulus until after the November election? Will the election results be contested? and Will The Fed move to launch a digital currency?
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In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses shifts in investment frameworks, the Fed, the Apple share split and other developments with Laidlaw & Company Chief Market strategist, David Garrity.
The topics discussed in this episode are: What investment frameworks are being broken and remade?, What was the import of Fed Chair Powell’s speech last week?, If long-term Treasury yields rise off Powell’s speech, what will happen with the muni market absent fiscal relief?, What is the importance of the Apple stock split?, and With the S&P 500 extended, will October offer a surprise to keep the rally going?
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In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the 2020 Q3 outlook, the 2020 election season, Tech sector market leadership, the Fed and other developments with Laidlaw & Company Chief Market strategist, David Garrity.
The topics discussed in this episode are: What are final marks for 2020 Q2 earnings season and what now for 2020 Q3 earnings?, What portfolio moves should investors make ahead of the November 2020 election?, Is the Tech sector’s market leadership overdone?, What takeaways are there from Fed’s June 2020 minutes?, and Should silver be in the portfolio and what appreciation potential is there for the S&P 500 for the rest of 2020?
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In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses takeaways from the July 2020 employment report, the run-up to the November 2020 general election, Fed inflation targeting, mega-cap tech stocks and other developments with Laidlaw & Company Chief Market strategist, David Garrity.
The topics discussed in this episode are: Does the July 2020 employment report offer signs of a steady economic recovery?, What portfolio moves should investors make ahead of the November 2020 election?, Are Gold and TIPS the best hedges against inflation? Is the bond market signaling worse times ahead? Is The Fed likely to ease its inflation guideline?, and Does the stock market’s declining breadth signal a market top?
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses takeaways from the 2Q 2020 earnings season, the ongoing complications from COVID and other developments with Laidlaw & Company Chief Market strategist, David Garrity.
The topics discussed in this episode are: With 2Q 2020 results prompting analysts to raise estimates, are stocks still attractive?, Are management share sales a red flag for stocks? Can The Fed fully offset COVID’s economic impact?, How might investors capitalize on the weakening U.S. Dollar?, and How should investors best operationalize “Quality” in portfolio construction?
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the strengthening 2Q 2020 earnings season, the likely sizing of further COVID relief support by Congress and the Fed and other developments with Laidlaw & Company Chief Market strategist, David Garrity.
The topics discussed in this episode are: With 2Q 2020 results strengthening, is now the time to rotate into Value?, Does COVID accelerating Tech disruption continue to favor Growth? Just how big should the next COVID fiscal relief package be?, Is now a good point to add to stock positions?, and Will the U.S./China relationship be calmed by a return to a focus on trade?
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the strong start to 2Q 2020 earnings season, the chances for further COVID relief support by Congress and the Fed and other developments with Laidlaw & Company Chief Market strategist, David Garrity.
The topics discussed in this episode are: While 2Q 2020 results looking good, what are bonds telling investors?, What is the “Fed Put” and should it exist?, Time to look at bank stocks?, Was it QE that brought about depressed capacity utilization?, and chances for a “Blue Wave” in November, does the market yet care?
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In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses the stock market set-up in advance of the 2Q 2020 earnings season and other developments with Laidlaw & Company Chief Market strategist, David Garrity.
The topics discussed in this episode are: Is Tech overvalued?, Will 2Q 2020 results mark the bottom of the cycle?, Are markets discounting a delayed reopening?, Time to head for the hills and move to the suburbs?, and China - the new Cold War.
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In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, does a mid-year tune-up of the December 2019 “Laidlaw 5” 2020 investment outlook and discusses positioning for 2H2020 and 2021 with Laidlaw & Company Chief Market strategist, David Garrity.
The topics discussed in this episode are: Growth dominated 1H2020 and will climb further until COVID contained, 2020 S&P 500 target 3,420, Election 2020 prospects favor Biden, Global GDP to contract -4.9% in 2020, Asset allocation still favors equities, and “Is Tech all an investor really needs?”.
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In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, recaps the markets and discusses the investment outlook with Laidlaw & Company Chief Market strategist, David Garrity.
The topics discussed in this episode are: Markets trading sideways until 2Q20 earnings season, Economic resilience in the face of COVID “Wave Two”, Oil & Gold investing, Jeremy Grantham’s stock market bubble call, and U.S. Dollar volatility if the Fed deploys Yield Curve Control.
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In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, recaps the markets and discusses the investment outlook with Laidlaw & Company Chief Market strategist, David Garrity.
The topics discussed in this episode are macro level issues such as how stock market volatility signals need for further fiscal & monetary relief, Fed Chair Powell’s Humphrey-Hawkins testimony to Congress, prospects for the new bull market, how COVID crisis recovery may involve infrastructure spending and whether globalization has ended.
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In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, recaps the markets and discusses the investment outlook with Laidlaw & Company Chief Market strategist, David Garrity.
The topics discussed in this episode are macro level issues such as monetary policy and containing deflation and the human elements such as unemployment. Please tune in for more timely insights.
In this episode, listen to an interview with David Garrity, CFA and Chief Market Strategist at Laidlaw & Company, 2020 forecasts which offer investors thoughts on five particular areas to take into account when considering how best to navigate capital markets in the year ahead.
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, updates another Monday discussion with David Garrity, Chief Market Strategist at Laidlaw & Company. Topics discussed are the impact of COVID-19, economic data releases, the inflationary impact of fed stimulus, oil prices and the plan for opening up businesses in America.
In this episode, listen to an interview with David Garrity, CFA and Chief Market Strategist at Laidlaw & Company, 2020 forecasts which offer investors thoughts on five particular areas to take into account when considering how best to navigate capital markets in the year ahead.
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, updates another week in the markets and COVID-19 coverage with David Garrity, Chief Market strategist at Laidlaw and Company.
The topics discussed in this episode are macro level issues, the virus, oil, gold and the human elements like unemployment, social distancing and fed policies. Some recap of Laidlaw Five from December 2019 and how that impacts current issues. Please tune in for some more timely insights.
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management updates us with another Monday discussion with David Garrity, Chief Market Strategist at Laidlaw & Company. Topics discussed are last week’s economic data, technology stocks, negative interest rates, bitcoin and outlook for 2021.
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, updates us with another Monday discussion with David Garrity, Chief Market strategist at Laidlaw and Company. Topics discussed are he mixed economic numbers and market reaction, the potential banking sector stocks buying opportunity, Presidential Election and advertising, thoughts on prolonged recession and a technical analysis of the market.
In this episode, listen to an interview with David Garrity, CFA and Chief Market Strategist at Laidlaw & Company, 2020 forecasts which offer investors thoughts on five particular areas to take into account when considering how best to navigate capital markets in the year ahead.
In this episode Richard Calhoun, CEO of Wealth Management at Laidlaw, discusses current market and geopolitical issues with David Garitty, Chief Market Strategist at Laidlaw.
The topics covered are 1) The current market volatility, 2) Recent economic data, 3) Oil price collapse, 4) Positive outlook for the market and how to proceed, 5) COVID-19 and the healthcare system.
In this episode Richard Calhoun, CEO of Wealth Management at Laidlaw, discusses the recent market volatility with David Garitty, Chief Market Strategist at Laidlaw.
The topics covered are 1) With the market below 20,000 where might it stabilize, 2) How does this market compare with the 2008 melt down, 3) Did getting rid of the “uptick rule” create more downside volatility, 4) How does algorithmic trading effect the volatility, 5) How will government stimulus for individuals and small businesses help, 6) What are the positives that will give investors confidence.
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, updates another week of market volatility and COVID-19 with David Garrity , Chief Market Stratigest at Laidlaw & Company.
The topics discussed in this episode 1) was what happened last week just a Bear Market rally? 2) Does the Fed move last week and the $2 trillion stimulus package justify the best week for stocks since the 1930s? 3) Was the historic jobless claims simply virus related or a sign of something worse? 4) Do you think this stimulus package is enough or will we need more? 5) what guidance would you give our clients at this time trying to navigate the markets?
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, updates another week in the markets and COVID-19 coverage with David Garrity, Chief Market strategist at Laidlaw and Company.
The topics discussed in this episode are macro level issues, the virus, oil, gold and the human elements like unemployment, social distancing and fed policies. Some recap of Laidlaw Five from December 2019 and how that impacts current issues. Please tune in for some more timely insights.
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, updates another Monday discussion with David Garrity, Chief Market Strategist at Laidlaw & Company. Topics discussed are: Markets rising oversees, COVID-19 numbers coming down and moves to open economies. More on the oil market, and a discussion on how Blockchain could be an efficient way to source medical equipment and validate COVID-19 immunity. Lastly, the Draft Kings debut thru the use of SPACE (Special Purpose Acquisition Company).
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management updates us with another Monday discussion with David Garrity, Chief Market Strategist at Laidlaw &Company. Topics discussed include, the market and impact from COVID-19, corporate earnings, Berkshire Hathaway Annual Meeting, Federal Reserve Meeting, the future of electric vehicles and the potential bear market
A BRIGHTER FUTURE, with Laidlaw May 26, 2020. In this episode Richard Calhoun, CEO of Laidlaw Wealth Management interviews David Garrity, Chief Market Strategist at Laidlaw and Company. Topics discussed are the market moves from last week and what that means going forward, impact of monetary and fiscal measures, the VIX aka "Fear Index", reshuffle of FTSE Russell's US Indexes, Bond Market and Growth VS Value.
In this weeks episode of "A Brighter Future," Laidlaw Wealth Management’s CEO Rick Calhoun & Chief Market Strategist David Garrity discuss the current markets, the impact of President Trump’s new tactics with China, the new EU Bond Offering, and the Fed - Does this market still have room to run?