Be Real with Nicolet Bank: Recent Episodes

Nicolet National Bank

Join us for a conversation with local business professionals and leaders. Episodes are available every other week! Nicolet Bank is a growing, full-service, community bank providing services ranging from commercial and consumer banking to wealth management and retirement plan services. Founded in Green Bay in 2000, Nicolet National Bank operates branches in Northeast and Central Wisconsin and the upper peninsula of Michigan. More information can be found at www.nicoletbank.com.

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Adam Longlais and Erik Zurek discuss:

Market and Economic Overview
What has been happening in the IPO Market
Jobs & consumer spending
FOMC/Jackson Hole/Fed Funds Rate
Earnings Season Results
Small-cap Outperformance

Show Notes:

Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/

Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)

Contact information for Anthony Wilhelms, Adam Longlais, and Erik Zurek

Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement plan level services, and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Adam Longlais and Erik Zurek discuss:

Earnings Season
Dollar Appreciation
Rates and Municipal Bonds
Concentration in Market Recovery
Tariff-Led Inflation
Massive Spending from Technology

Show Notes:

Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/

Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)

Contact information for Anthony Wilhelms, Adam Longlais, and Erik Zurek

Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement plan level services, and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Adam Longlais and Erik Zurek discuss:

Market & Economic Review of the past month.
Jobs resilience
Oil Market volatility
Stock Market Recovery
Dollar Continued Weakness/interest rates
Housing

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Erik Zurek

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement plan level services, and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Adam Longlais and Erik Zurek discuss:

Q1 2025 GDP #s
Outperformance of Gold in 2025
Job Data on Friday
Soft data vs hard data
Volatility in interest rates
Federal Reserve target Rate Path
Mid-cap > Large-cap
Geographically Diversified Portfolio

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Erik Zurek

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement plan level services, and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Adam Longlais and Erik Zurek discuss:

Dividend Yield Stocks YTD – Discussion of rates and why dividend yield stocks are performing so well
International Stock outperformance to begin the year
MLPs – commodities/data centers and energy consumption and if you want reason for some of the recent weakness
Inflation reaccelerating/ balance of higher uncertainty and inflation

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Erik Zurek

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement plan level services, and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. We start the episode off saying goodby to Mike Steppe. Mike Steppe and Adam Longlais discuss:

How have the financial markets performed over the past couple of weeks?
What is the likely impact of the recent employment report?
As we enter mid-January, the next round of earnings numbers are released. What is the expectation for earnings in the fourth quarter? Are the results likely to track better or worse than expectations?
The returns in the energy sector significantly lagged (S&P 500 Energy Sector up 5.72%) the broader market in 2024. Do you expect better performance in 2025?
What is your outlook on the performance of European stocks? Are the relatively attractive valuation levels sufficient to offset the weak regional economies and the potential impact from tariffs in 2025?
After a substantial rally in September and early October, Chinese equities have performed relatively poorly over the past three months. Are Chinese equities likely to remain volatile in 2025?
Is the Fed likely to continue lowering overnight interest rates in 2025? Will the Fed react to political pressure in setting monetary policy under the new Administration in Washington DC.
After a strong performance in 2024 (up 8.19%), what is the outlook for high yield bonds in 2025?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms & Adam Longlais

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement plan level services, and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

How have the financial markets performed over the past couple of weeks?
A number of the MAG 7 stocks have outperformed the S&P 500 index over the past three (3) months. Do you expect the MAG 7 stocks to perform well in 2025?
Cyber Monday spending was up 7.3% in 2024 versus 2023. Do you expect consumer spending in the US to remain strong as we enter 2025?
Is the Fed likely to continue cutting overnight interest rates? What rate on overnight interest rates should we expect by June 30, 2025? Why does this rate matter to businesses and individuals?
The recent National Federation of Independent Businesses survey showed a surge in optimism. Are we likely to see small businesses do well in 2025?
What type of performance should investors expect from emerging market equities in 2025?
Why has the yield advantage on corporate bonds been so tight in comparison to comparable maturity US Treasury yields? What does these tight yield spreads mean for the high yield bond market?
Do you expect the US Treasury yield curve to steepen over the next year?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement plan level services, and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

How have the financial markets performed over the past couple of weeks?
What are earnings per share projected to be for S&P 500 Index companies in the fourth quarter of 2024 and for the full year 2025?
Are you expecting the positive trend in consumer spending to hold up through the Christmas season?
As we look into 2025, what are the key challenges facing the US housing market?
Are investors starting to anticipate higher corporate earnings from lower corporate taxes in 2025?
Despite the stronger than expected global economy in 2024, why are oil prices trading at levels similar to prices at the beginning of the year? Do you anticipate higher oil prices over the next several years?
Are potential tariffs increasing the price of some US goods?
Do you expect the Fed to cut overnight interest rates by 25 bps at the next FOMC meeting (12-18-24)? Are additional cuts expected in 2025?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement plan level services, and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Erik Zurek discuss:

With the republican election, will the expected tax cuts provide a boost to US GDP growth in 2025?
Why is the US dollar strengthening after the election? Do you think the new administration will use tariffs as part of their trade policy? How does this likely impact global growth rates?
In the post-election financial markets, the US equity markets have performed strongly. Do you expect this positive trend to continue?
In the equity markets, what jumps out at you in terms of election implications with regard to the technology, financials, health care and energy sectors?
With the Trump win, will the financial markets expect a higher level of inflation? How will inflation expectations impact the US Treasury yield curve?
Will the Fed likely continue to cut overnight interest rates at the upcoming FOMC meetings in 2024?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement plan level services, and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

How have the financial markets performed over the past couple of weeks?
What are the implications of the recent employment report?
Are third quarter earnings coming in as expected? Any surprises among the high profile Magnificent 7 companies that have reported over the past two weeks?
Are corporate profit margins expanding, flat or contracting?
Do you expect value-oriented stocks to continue outperforming growth-oriented stocks?
Are higher dividend paying stocks becoming more attractive?
What is driving the volatility in the Chinese equity market?
Why have intermediate and long-term interest rates gone up since the Fed cut overnight rates at the FOMC meeting on September 18th?
Do you expect the Fed to cut overnight interest rates by 25 bps at the next FOMC meeting (11-7-24)?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement plan level services, and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

How have the financial markets performed over the past couple of weeks?
Will the recent hurricanes impact the economic data over the next several months?
In the equity market, what sectors will likely be most impacted by the upcoming election?
Do you think that the Magnificent 7 stocks will outperform the S&P 500 index over the next year?
Why are bank stocks moving higher (year-to-date the KBW Bank Index is up over 30%)?
Will the Chinese stimulus (fiscal and monetary) be effective in lifting Chinese equities?
Why have interest rates gone up since the Fed cut overnight rates at the FOMC meeting on September 18th?
How do you expect the yield curve to shift over the next twelve (12) months?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement plan level services, and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

How have the financial markets performed over the past couple of weeks?
What are the important elements in the September employment report?
Are you surprised that US GDP growth has remained so strong (GDPNow forecast of 2.5%) for the third quarter 2024? Most economists were projecting less than a 2.0% annualized pace for the quarter.
Does the US port strike cause concern that inflation will re-emerge as a problem in 2025?
What will be the impact of Saudi Arabia boosting crude oil output?
Will the Chinese stimulus (fiscal and monetary) provide a boost to emerging market equities?
Are you expecting the Fed to cut rates at the next FOMC meeting on November 7th?
Overnight interest rates are projected to trade at a 3.00% level by year-end
Does that level of overnight interest rates seem realistic to you?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

Were you surprised by the Fed rate cut of 50 bps on overnight interest rates?
How have the financial markets performed over the past couple of weeks?
Will lower overnight interest rates be a positive for the equity markets? Are there any sectors that do especially well as overnight rates shift lower?
As you look out over the next year, do you think the Magnificent 7 stocks will outperform the S&P 500 index?
So far in 2024, the financial sector has slightly outperformed the S&P 500 index. Do you expect the outperformance to continue over the next six months?
While emerging market equities are up over 8.7% year-to-date, the Mexican stock market is down over 16%. What is happening to Mexican stocks?
Will the US Treasury yield curve continue to steepen?
How have bond funds performed as the Fed pivoted to lower US interest rates?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

How have the financial markets performed over the past couple of weeks?
What are the important elements in the August employment report?
Why have some of the Magnificent 7 stocks drifted modestly lower over the past couple of weeks?
With consensus earnings per share figures for the S&P 500 companies projected at $242.42 for 2024 (up 10%) and $278.92 per share for 2025 (up 15%), do you think that these earnings expectations are realistic?
Do you see value stocks outperforming growth stocks over the next twelve months?
Why are energy stocks (CVX, SLB, etc..) weakening?
As the Fed eases, how will the US Treasury yield curve shift?
Are US mortgage rates becoming more attractive?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Henningsen discuss:

How have the financial markets performed over the past couple of weeks?
Is the Federal Reserve likely to cut interest rates at the FOMC meeting on September 18th?
With the strong rebound in the equity market especially with the Magnificent 7 stocks over the past two weeks, do you remain cautiously optimistic on the equity market?
Were second quarter earnings as good as expected? What is the earnings outlook for the rest of the year?
Why are utilities performing so well in 2024?
Has the over 20% year-to-date total return in the MSCI India index surprised you? Are emerging market equities looking more attractive in the current environment?
What is happening in the high yield debt market?
Why is the price of gold going up? Why has the price of copper come down over the past few months?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Anthony Wilhelms discuss:

What triggered the large drop in the equity market over the past week?
Why did the market recover so quickly?
Is the US economy slowing? Are we likely to have a recession?
Is the Fed going to cut interest rates at the FOMC meeting on September 18th?
Is the yield curve going to stay inverted?
What triggered the problems in the Japanese currency market and equity market over the past two (2) weeks? Are there any lessons for the US dollar in this situation?
What is happening with the US dollar? Do the heightened geo-political risks impact the US dollar?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

What has happened in the financial markets over the past three (3) weeks?
Is the US economy slowing?
Is there anything unusual in the setback of S&P 500 index over the past few days? Is an almost 5% setback normal in historical terms?
How are second quarter earnings coming in over the past two weeks?
Why have US bank stocks performed so well in July?
With travel up, why have airline stocks been so volatile (composite index down almost 13% since peaking in mid-May)?
Is the Fed going to cut interest rates at the FOMC meetings in July or September?
With short-term US interest rates likely heading lower, will that trend impact the US dollar?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Erik Zurek discuss:

What has happened in the financial markets over the past three (3) weeks?
Was the negative report on CPI for June a surprise to the financial markets?
Last year, S&P 500 earnings projections started 2023 with a 9% growth projection that decreased over the year to 1%. This year, earnings projections started 2024 with over 10% growth forecasted and these projections have stayed above 10%. Why the difference?
What is driving the US equity market to consistently set new record highs on the S&P 500 index?
Do you think this is a good time to add US middle cap and small cap stocks to a portfolio?
European and Japanese stocks are trading near their long-term average PE ratios but at levels much lower than their US counterparts? Does this international discount make sense to you?
The financial markets are expecting the Fed to cut overnight interest rates by 50 bps between now and the end of the year. Do you think the Fed will meet these expectations?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Adam Longlais of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

What has happened in the financial markets over the past three (3) weeks?
What are the implications of the recent employment report and the consumer price index (CPI) release?
What is the outlook for consumer spending?
Why has the utility sector performed so well in 2024?
Does it concern you that the S&P 500 Equal Weight Index peaked in price back in March and has not tracked to new highs along with the capitalization weighted S&P 500 Index?
What is the outlook for the US dollar?
When the Fed start cutting overnight interest rates, what level could overnight rates reach over the next eighteen (18) months?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

What has happened in the financial markets over the past month?
What are the implications of the recent employment report for the US economy and inflation?
What are the catalysts for the recent equity market setback? How prolonged might this slump be?
How are first quarter earnings per share coming in for the S&P 500 companies?
Do the large and expanding US budget deficits create a concern level for US equity investors?
Why are commodity prices moving higher? What is your outlook for oil prices over the next year?
What do you think the higher price of gold is signaling?
How are high yield bonds performing in the weak US bond market?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Anthony Wilhelms discuss:

What has happened in the financial markets over the past month?
Do you think that the Fed is going to cut overnight interest rates? What is the
likely timing of rate cuts?
Do you believe inflationary pressures will be subsiding over the next several
years?
Will the yield curve remain inverted during 2024?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

What has happened in the financial markets over the past month?
What is the impact of the recent FOMC meeting? Where will overnight interest rates be trading at year-end 2024?
What continues to drive the S&P 500 index to record highs?
At this point, do you feel the technology sector should be overweighted, neutral weighted or underweighted?
Is the US equity market reaching a “bubble level”?
Why has the performance of US small cap equities lagged versus US large cap equities?
What are the dynamics in the US housing market?
Why has US corporate bond issuance been so high?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

What has happened in the financial markets over the past month?
How have employment levels in the US changed in January and February? Is the trend of a strong labor market still in place?
What do the new highs in the S&P 500 index tells us about the equity market outlook for 2024?
What are your expectations for the earnings per share on the S&P 500 index in 2024?
What sectors do you think will outperform in 2024?
With the German manufacturing sector so weak, how has the MSCI EAFE index held up so well?
How has the expectation for Fed policy shifted over the past month?
Are the yield spreads on investment grade corporate bonds versus comparable maturity US T-Notes attractive?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

What has happened in the financial markets over the past month?
What has happened with employment over the past two (2) months?
Why has the stock market done so well over the past three (3) months?
Do you think the US economy will sustain a “soft landing”?
What is the outlook for US corporate profit margins and earnings per share in 2024?
What is the outlook for energy stocks? Do you favor the large capitalization stocks or the smaller capitalization issues? What are the key risks?
With large US budget deficits expected over the next several years, why aren’t long-term US interest rates moving significantly higher?
Is the yield advantage in corporate bonds attractive at this point in the interest rate cycle?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe, Chief Investment Officer, and Erik Zurek, Senior Investment Strategist discuss:

What has happened in the financial markets over the past month?
What has happened with inflation over the past two (2) months?
Why did the ten (10) largest US stocks by market capitalization do so well in 2023? What does the recent concentration of returns in 2023 mean for investing going forward?
What will likely be the growth rate of earnings per share for the S&P 500 index in 2024?
Why was there so much divergence of returns in emerging markets returns over the past year?
How have small and large company returns diverged? Will this change?
When will the Fed start cutting interest rates? What level of rate cuts are priced into the market?
Do you think that the yield curve will go back to a positive slope in 2024?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms, CFA, CFP®, VP – Nicolet Wealth Management

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

Why have the financial markets rallied so strongly over the past six (6) weeks?

What has happened with inflation over the past two (2) months?

In looking into 2024, do you think that the equity market leadership will remain with the Magnificent 7 stocks? What sectors could surprise to the upside?

Why have oil prices traded into the low $70 per barrel price range? Does this create an investment opportunity for investors?

Why has the MSCI EAFE Index performed so well in 2023 despite the economic weakness in Europe?

When will the Fed start cutting interest rates? What level of rate cuts are priced into the market?

Why have high yield bonds performed so well in 2023?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

Why has the equity market rallied so strongly over the past month?

What has happened in the financial markets over the past several weeks?

Assuming the S&P 500 index finishes the year near 4,500, what type of return might an investor expect in 2024 for large cap US equities?

Why have oil prices not gone up further with the geo-political risks in the Middle East?

Is the Fed likely done hiking interest rates for this economic cycle? When will the Fed start cutting interest rates? What level of rate cuts are priced into the market?

What is the outlook for the US dollar in 2024?

In December 2025 (two years from now) where do you think ten (10) year maturity US T-Note yields will be trading? What are the key factors in your long-term vision of where rates are headed?

What could be the biggest surprise in the financial markets in 2024 (Byron Wien made this question popular over the years)?

With Christmas coming up, what investment books or magazines might you suggest for investors?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

The CPI report for October seems to have triggered a large market reaction. What was so critical about the CPI release this month?

What has happened in the financial markets over the past several weeks?

What is driving the recent rally in the S&P 500 index?

Does it concern you that credit card and auto loan delinquencies are rising rapidly? What are the implications if the economy slides into a recession?

How have global real estate investments done in 2023? What sectors within real estate investing are the most attractive?

While many of the alternative energy sources (wind, solar, etc...) have performed poorly in 2023 due to rising interest rates on their leveraged balance sheets, do you think these energy sources are a good long-term investment?

Do you think that the Fed is done hiking overnight interest rates for this cycle?

Why have ten (10) year maturity rates fallen from 5.0% to below 4.5% over the past few weeks?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

What has happened in the financial markets over the past several weeks?
What are the implications of the employment report for October?
Are third quarter earnings releases providing a lift to the equity markets?
As we get closer to year-end, what are some tax strategies (tax loss harvesting, gifting, etc..) that clients should be considering?
Why are healthcare stocks underperforming the S&P index over the past six (6) months?
Why are the “Magnificent 7 stocks” accounting for most of the year-to-date gain in the S&P 500 index?
Why are the size of the US Treasury auctions increasing?
What are the implications of higher interest rates on the US budget deficit?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Adam Longlais, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

What are the implications for the financial markets of the hostilities in the Middle East?
How are third quarter earnings releases impacting the equity markets?
How will the increasing level of geo-political issues impact defense stocks?
What are the potential catalysts affecting value-oriented stocks over the next year?
Why are US Treasury yields continuing to push higher?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Looking for contact information for Anthony Wilhelms, Adam Longlais, Mike Steppe? (Ctrl+Click to follow the link to their bio-page)

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:

What are the implications of the new employment report?
Why are oil prices trading with such a high level of volatility?
What is your outlook on Chinese equities?
Did the change in the Speaker of the House impact the financial markets.

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Looking for contact information for Anthony Wilhelms, Adam Longlais, Mike Steppe? (Ctrl+Click to follow the link to their bio-page)

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Erik Zurek discuss:

How high can gas prices get and how will it affect inflation?
Will we see any relief in mortgage rates?
How will the resumption of student loan payments impact consumer spending?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Contact information for Anthony Wilhelms, Erik Zurek, and Mike Steppe

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Adam Longlais, Mike Steppe, and Anthony Wilhelms discuss:

Economic and Market update
Changes in home prices and availability
How much can we expect short term rates to move
“The most anticipated recession that has failed to materialize"
What do 2nd quarter earnings tell us about the rest of the year

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:
Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/
Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)
Looking for contact information for Anthony Wilhelms, Adam Longlais, Mike Steppe? (Ctrl+Click to follow the link to their bio-page)

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to another episode of the Nicolet Wealth Management Podcast with guest host, Jake Dinkel! In this episode, Chief Investment Officers, Mike Steppe and Adam Longlais cover US inflationary pressures, recent financial market events, tight labor markets, recession prospects, Q2 earnings expectations, midstream energy outlook, Fed's rate hike chances, and fixed income investments. Tune in for expert analysis and commentary!

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this Nicolet Wealth Management podcast.

Show Notes:

Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/

Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)

Looking for contact information for Jake Dinkel, Adam Longlais, Mike Steppe? (Ctrl+Click to follow the link to their bio-page)

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

On this episode of the Nicolet Wealth Management podcast you will hear Mike Steppe discuss the Fed rate updates, financial market updates, and inflation, with Adam Longlais joining later on to add to the conversation with points on Real Estate, AI, and more.Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:

Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/

Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)

Looking for contact information for Anthony Wilhelms, Adam Longlais, Mike Steppe? (Ctrl+Click to follow the link to their bio-page)

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Adam Longlais, Mike Steppe, and Anthony Wilhelms talk about:

What has happened over the past several weeks in the financial markets?
What might be the most likely scenario for the US economy over the next several quarters and what will this mean for US interest rates?
What is the possible impact of the FDIC selling the investment holdings of failed banks?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:

Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/

Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)

Looking for contact information for Anthony Wilhelms, Adam Longlais, Mike Steppe? (Ctrl+Click to follow the link to their bio-page)

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. On this episode, you will hear Adam Longlais, Mike Steppe, and Anthony Wilhelms talk about:

Are mortgage-backed securities an attractive investment at this time?
What is happening with the US dollar and what are the possible implications for international equities?
Nicolet National Bank’s announced earnings loss for the first quarter of 2023 and what could have caused the loss and what are the implications going forward?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:

Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/

Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)

Looking for contact information for Anthony Wilhelms, Adam Longlais, Mike Steppe? (Ctrl+Click to follow the link to their bio-page)

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. On this episode, you will hear Adam Longlais, Mike Steppe, and Anthony Wilhelms talk about:

What created the problems with Silicon Valley Bank and Signature Bank? And who benefitted from their downfall?
How might banks respond to the risks exposed in this recent collapse?
What has caused the outperformance of international markets over the past 6 months?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:

Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/

Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)

Looking for contact information for Anthony Wilhelms, Adam Longlais, Mike Steppe? (Ctrl+Click to follow the link to their bio-page)

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. On this episode, you will hear Adam Longlais and Mike Steppe discuss:

How to find strong yields that are exempt from Federal Income Taxes.
New car sales and the average interest rate on new and used car loans.
Why has the value of the US dollar been changing lately?
Are supply chains getting back to normal and what to expect for prices in 2023?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:

Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/

Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)

Looking for contact information for Anthony Wilhelms, Adam Longlais, Mike Steppe? (Ctrl+Click to follow the link to their bio-page)

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. On this episode, you will hear Adam Longlais and Mike Steppe talk about what has worked well in the stock market this year. They will also discuss how high can the debt ceiling go and how might it impact the equity market? And listen in as the team deliberates if we will see inflation fall in the near future.

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:

Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/

Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)

Looking for contact information for Anthony Wilhelms, Adam Longlais, Mike Steppe? (Ctrl+Click to follow the link to their bio-page)

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. On this episode, you will hear Adam Longlais and Mike Steppe talk about what is happening in emerging and international markets in 2023 and examine if gold is a good investment option. They will also discuss if the government can afford the rising cost of defense, aging populations, and higher debt. And listen in as the team deliberates if the Federal Reserve is really reducing the size of their balance sheet.

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:

Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/

Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)

Looking for contact information for Anthony Wilhelms, Adam Longlais, Mike Steppe? (Ctrl+Click to follow the link to their bio-page)

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. On this episode, you will hear Adam Longlais and Mike Steppe give an update on the financial markets, discuss non-consensus investment opportunities for 2023, and talk about how portfolio managers work through down markets. They will also highlight ways you can benefit from volatility and key risks to watch for in 2023.

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:

Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/

Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)

Looking for contact information for Anthony Wilhelms, Adam Longlais, Mike Steppe? (Ctrl+Click to follow the link to their bio-page)

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. On this episode, you will hear Adam Longlais and Mike Steppe give an update on the financial markets, talk about recent employment reports, the impact of several high-profile REITs, and the value of the US dollar. Adam will also share his insights about some year-end tax strategies that investors might consider.

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:

Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/

Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)

Looking for contact information for Anthony Wilhelms, Adam Longlais, Mike Steppe? (click each name for their bio-page)

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. On today’s episode you will hear Adam Longlais and Mike Steppe give an update on the financial markets, talk about how the Wisconsin school referendums have been received by the market, discuss recent inflation reports, and the impact of the collapse of the crypto market. They will also touch on why the US Treasury yield curve inversion is getting wider and Mike will share his insights about how the election impacted the municipal bond market.

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:

Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/

Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)

Looking for contact information for Anthony Wilhelms, Adam Longlais, Mike Steppe? (click each name for their bio-page)

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. On today’s episode you will hear Adam Longlais and Mike Steppe give an update on the financial markets, talk about what is happening with employment and wages, discuss what shoppers and retailers will be doing this holiday shopping season, review why municipal bonds might be an attractive investment, and are we going to be in a recession for 2023?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:

Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/

Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)

Looking for contact information for Anthony Wilhelms, Adam Longlais, Mike Steppe? (click each name for their bio-page)

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or affiliates.*

Welcome to the Nicolet Wealth Management Investment Podcast. On today’s episode you will hear Adam Longlais and Mike Steppe discuss the recent sell off in equity markets, changes in inflation expectations and the outlook for interest rates and much more. Listen in as our team also discusses:

What has happened in the financial markets over the past few weeks?
How does inflation impact the economy
If the Fed continues to increase rates, does this suggest we will see higher inflation going forward?
Is there a point at which higher interest rates can lower inflation?
How does the economy impact the housing market?
What are the indicators of a severe recession?
How do rising interest rates and a lack of available housing affect the mobility of labor?
Which industries are being impacted by the stronger US dollar?
What is the current economic state of energy?
What are factors that influence the market?
What does the acronym T.I.N.A. mean in relation to the economy?

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

Show Notes:

Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/

Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)

Looking for contact information for Anthony Wilhelms, Adam Longlais, Mike Steppe? (click each name for their bio-page)

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or a*

On this episode of the Nicolet Wealth Management Podcast, you’ll hear Adam Longlais, Mike Steppe, and Anthony Wilhelms discuss what happened in the financial markets over the past several weeks, the key geopolitical risks as we look at 2023, and the case for why it can be a good idea to stay invested in stocks, even during difficult times in the equity market.

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or any of its affiliates. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. You should consult with your legal and tax professionals before making investment decisions.*

Uses for short-term cash, labor force participation rate, the likely impact of the strong payroll number for July, and the equity market rebound are discussed in this market update with Adam Longlais and Mike Steppe.

On this episode of the Nicolet Wealth Management Podcast, we discuss how second quarter earnings are coming in versus expectations, and how high yield bonds have performed.

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or any of its affiliates. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. You should consult with your legal and tax professionals before making investment decisions.*

On this episode of the Nicolet Wealth Management Podcast, you’ll hear Senior Vice President and Chief Investment Officer Mike Steppe discuss why the U.S. dollar is strengthening against other currencies, how inflation affects interest rates, how employment affects inflation, and much more.

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or any of its affiliates. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. You should consult with your legal and tax professionals before making investment decisions.*

On this episode of the Nicolet Wealth Management Podcast, you’ll hear Adam Longlais and Mike Steppe discuss the recent performance of the equity markets, the latest employment report and the link between jobs and consumer spending.

Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or any of its affiliates. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. You should consult with your legal and tax professionals before making investment decisions.*

In this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management, we bring you the latest news on investment management, financial planning, the economy and much more.

On this episode, you’ll hear Adam Longlais and Mike Steppe discuss mortgage rates, opportunities in a challenging economic climate and the importance of staying invested.

Questions? Please reach out to a member of our Wealth Management team.

Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or any of its affiliates. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. You should consult with your legal and tax professionals before making investment decisions.

In this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management, we bring you the latest news on investment management, financial planning, the economy and much more.

On this episode, you’ll hear Adam Longlais and Mike Steppe give an update on recent volatility in the markets, increasing interest rates, inflation versus deflation, and lots more.

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or any of its affiliates. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. You should consult with your legal and tax professionals before making investment decisions.*

Our guest this week is Brigadier General Robert Hastings who joins us to share his philosophy of “People First, Mission Always.” Listen in to hear about General Hastings 40 years of military service, and how he became involved with Team One Mile – a group of athlete leaders who will be competing in Race Across America to raise awareness and funding for veterans. You’ll also hear his thoughts on the synergy of teamwork and tackling challenges one mile at a time in this conversation hosted by Nicolet’s Anthony Wilhelms.

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or any of its affiliates. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. You should consult with your legal and tax professionals before making investment decisions.*

In this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management, we bring you the latest news on investment management, financial planning, the economy and much more.

On this episode, you’ll hear Adam Longlais, Senior Vice President – Chief Investment Officer at Nicolet Wealth Management, and Mike Steppe, Senior Vice President – Chief Investment Officer at Nicolet National Bank give an update on the capital markets, interest rates and inflation, earnings and share their thoughts on what might lie ahead.

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or any of its affiliates. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. You should consult with your legal and tax professionals before making investment decisions.*

Our guest this week is Steve Van Remortel, Chief Strategist and Talent Advisor at Stop the Vanilla, LLC and Founder and CEO of MyTalentPlanner, Inc. Listen in to learn about converging trends that will impact small to medium sized businesses, why the talent plan should be come the most important plan for your organization and how your business can take advantage of trends through talent planning in this conversation hosted by Nicolet’s Anthony Wilhelms.

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or any of its affiliates. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. You should consult with your legal and tax professionals before making investment decisions.*

Our guests this week are Adam Longlais, Senior Vice President – Chief Investment Officer at Nicolet Wealth Management, and Mike Steppe, Senior Vice President – Chief Investment Officer at Nicolet National Bank.

Adam and Mike join host Anthony Wilhelms for an economic and financial market update including the latest on interest rates, inflation, oil prices and how the markets are being affected by the Russia/Ukraine conflict.

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or any of its affiliates. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. You should consult with your legal and tax professionals before making investment decisions.*

Our guest on this week's "Be Real with Nicolet" podcast is Kevin Borseth, Women’s Basketball Head Coach at the University of Wisconsin Green Bay, who joins us to share the importance of Handling the Wins and Losses of Everyday Life.

Listen in to learn how Coach Borseth develops his players both as a team and as individuals, the characteristics that make a good team player, the business aspect of college sports and much more in this conversation hosted by Nicolet’s Anthony Wilhelms.

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or any of its affiliates. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. You should consult with your legal and tax professionals before making investment decisions.*

Our guest this week on the "Be Real with Nicolet" podcast is Dan Ariens, CEO of AriensCo in Brillion, who shares the importance of maintaining a growth mindset in a fourth-generation business.

Listen in to learn how businesses can stay competitive given supply chain and inflation pressures, and hear about the great things AriensCo is spearheading to make the community of Brillion a better place to live and work in this conversation hosted by Nicolet’s Anthony Wilhelms.

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or any of its affiliates. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. You should consult with your legal and tax professionals before making investment decisions.*

This week’s guests on the Be Real with Nicolet podcast are our very own Adam Longlais, Senior Vice President – Chief Investment Officer at Nicolet Wealth Management, and Mike Steppe, Senior Vice President – Chief Investment Officer at Nicolet National Bank.

Adam and Mike join host Anthony Wilhelms for an economic and financial market update including the latest on employment growth, inflation, interest rates, and how current events are driving financial markets.

Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is for informational purposes only and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only and are not, and should not be interpreted as, offers to buy or sell such securities. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; AND NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or any of its affiliates. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. You should consult with your legal and tax professionals before making investment decisions.

In this bimonthly podcast hosted by Anthony Wilhelms of Nicolet Wealth Management, we’ll bring you the latest news on investment management, financial planning, the economy and much more. This week, you’ll hear Adam Longlais, Nicolet Wealth Management Chief Investment Officer give a recap of 2021 investments and a forecast for 2022.

*Although we believe it to be reliable as of the publication date and have sought to take reasonable care in its preparation, all information provided is FOR INFORMATIONAL PURPOSES ONLY and we make no representations or warranties regarding its accuracy, reliability, or completeness and assume no duty to make any updates in the event of future changes. Past performance may not be indicative of future market results. Any examples used (including specific securities) are generic and meant for illustration purposes only. To the extent indices are referenced, please note that you are not able to invest directly in an index.

Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Investment advisory services offered through Nicolet Advisory Services, LLC (dba Nicolet Wealth Management), a registered investment advisor. Securities offered through Private Client Services, LLC (“PCS”), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank or Nicolet Wealth Management.

All investments are subject to risks, including possible loss of principal, and are: NOT FDIC INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; NEITHER DEPOSITS OR OTHER OBLIGATIONS OF, NOR GUARANTEED BY, Nicolet National Bank or any of its affiliates, and not a condition to any banking service or activity. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. You should consult with your legal and tax professionals before making investment decisions.*

Join our conversation with Dave Jerrett, CEO at Bay Towel in Green Bay. Dave is passionate about taking care of his employees as a whole, caring for their mind, body and spirit. In this podcast, hosted by Anthony Wilhelms of Nicolet Wealth Management, Dave discusses initiatives being implemented at Bay Towel to put this practice into action, as well as the importance of being involved with the community.

Topics include:

The history and operation of Bay Towel
How Bay Towel attracts and retains quality employees
Dave's involvement in the Green Bay Packers Mentor-Protégé Program

Investment and insurance products:- Are Not FDIC Insured- May Lose Value- Are Not Bank Guaranteed- Are Not Deposits - Are Not Guaranteed by Any Federal Government Entity- Are Not a Condition to Any Banking Service or Activity Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Nicolet Advisory Services, LLC, is an investment adviser, registered with the U.S. Securities and Exchange Commission, and an affiliate of Nicolet National Bank. Past market activity is not indicative of future results, and changes in any assumptions may have a material effect on projected outcomes. Investing in securities entails risk, and the potential for losing money always exists when investing in securities. Asset allocation, rebalancing, and asset diversification will not ensure account protection in a declining market, and cannot be relied upon to enhance gains in a rising market. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

Join our conversation with Will Ryan, UWGB Men’s Basketball Head Coach, and hear an economic update from Adam Longlais, Senior Investment Officer, in this conversation hosted by Anthony Wilhelms, Nicolet Wealth Management. Topics include:

An update on this year’s UWGB men’s basketball team
How to build a successful team on and off the court
The importance of balancing talent and character

Investment and insurance products:- Are Not FDIC Insured- May Lose Value- Are Not Bank Guaranteed- Are Not Deposits - Are Not Guaranteed by Any Federal Government Entity- Are Not a Condition to Any Banking Service or Activity Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Nicolet Advisory Services, LLC, is an investment adviser, registered with the U.S. Securities and Exchange Commission, and an affiliate of Nicolet National Bank. Past market activity is not indicative of future results, and changes in any assumptions may have a material effect on projected outcomes. Investing in securities entails risk, and the potential for losing money always exists when investing in securities. Asset allocation, rebalancing, and asset diversification will not ensure account protection in a declining market, and cannot be relied upon to enhance gains in a rising market. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

Join Anthony Wilhelms for a conversation with Mike Campbell, Founder of ONE MILE and Mike Steppe, Chief Investment Officer at Nicolet National Bank. Topics include:

Why One Mile focus on mental health for veterans
Keeping a community active
Surrounding yourself with a network

Investment and insurance products:- Are Not FDIC Insured- May Lose Value- Are Not Bank Guaranteed- Are Not Deposits - Are Not Guaranteed by Any Federal Government Entity- Are Not a Condition to Any Banking Service or Activity Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Nicolet Advisory Services, LLC, is an investment adviser, registered with the U.S. Securities and Exchange Commission, and an affiliate of Nicolet National Bank. Past market activity is not indicative of future results, and changes in any assumptions may have a material effect on projected outcomes. Investing in securities entails risk, and the potential for losing money always exists when investing in securities. Asset allocation, rebalancing, and asset diversification will not ensure account protection in a declining market, and cannot be relied upon to enhance gains in a rising market. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

Join Anthony Wilhelms for a conversation with Terry Albrecht, CEO and co-founder of Packer Fastener and Packer Freight, and Adam Longlais, Senior Investment Officer at Nicolet Wealth Management. Topics include:

From startup to building a culture with swagger
Strategic planning with an entire team
HEXCELLENCE: invest in employees and their excellence

Investment and insurance products:- Are Not FDIC Insured- May Lose Value- Are Not Bank Guaranteed- Are Not Deposits - Are Not Guaranteed by Any Federal Government Entity- Are Not a Condition to Any Banking Service or Activity Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Nicolet Advisory Services, LLC, is an investment adviser, registered with the U.S. Securities and Exchange Commission, and an affiliate of Nicolet National Bank. Past market activity is not indicative of future results, and changes in any assumptions may have a material effect on projected outcomes. Investing in securities entails risk, and the potential for losing money always exists when investing in securities. Asset allocation, rebalancing, and asset diversification will not ensure account protection in a declining market, and cannot be relied upon to enhance gains in a rising market. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

Join Anthony Wilhelms and Mike Steppe for a conversation with Damian LaCroix, Superintendent at Howard-Suamico School District. Topics will include a look ahead at the new school year, how schools are developing tomorrow's workforce, and how to lead through adversity.

Investment and insurance products:- Are Not FDIC Insured- May Lose Value- Are Not Bank Guaranteed- Are Not Deposits - Are Not Guaranteed by Any Federal Government Entity- Are Not a Condition to Any Banking Service or Activity Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Nicolet Advisory Services, LLC, is an investment adviser, registered with the U.S. Securities and Exchange Commission, and an affiliate of Nicolet National Bank. Past market activity is not indicative of future results, and changes in any assumptions may have a material effect on projected outcomes. Investing in securities entails risk, and the potential for losing money always exists when investing in securities. Asset allocation, rebalancing, and asset diversification will not ensure account protection in a declining market, and cannot be relied upon to enhance gains in a rising market. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

Join Anthony Wilhelms for a conversation with John Sweeney, Owner of Brave New Workshop, Author, Keynote Speaker, Entertainer, and Trainer, and Adam Longlais, Senior Investment Officer at Nicolet Wealth Management. Topics include:

Importance of the mindset of discovery in business today
How mindset of discovery helps people and business adapt to a rapidly changing environment
Can anyone be innovative?

Investment and insurance products:- Are Not FDIC Insured- May Lose Value- Are Not Bank Guaranteed- Are Not Deposits - Are Not Guaranteed by Any Federal Government Entity- Are Not a Condition to Any Banking Service or Activity Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Nicolet Advisory Services, LLC, is an investment adviser, registered with the U.S. Securities and Exchange Commission, and an affiliate of Nicolet National Bank. Past market activity is not indicative of future results, and changes in any assumptions may have a material effect on projected outcomes. Investing in securities entails risk, and the potential for losing money always exists when investing in securities. Asset allocation, rebalancing, and asset diversification will not ensure account protection in a declining market, and cannot be relied upon to enhance gains in a rising market. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

Join Anthony Wilhelms for a conversation with Rose Gray, Business Relationship Director at Fox World Travel and Mike Steppe, Chief Investment Officer at Nicolet National Bank. Topics include:

What changes have occurred in the travel industry since the pandemic?
What types of travel are best positioned for a recovery?
Will business travel reach pre-pandemic peaks again?
How has tourism changed in Wisconsin?
Economic Update with Mike Steppe

Investment and insurance products:- Are Not FDIC Insured- May Lose Value- Are Not Bank Guaranteed- Are Not Deposits - Are Not Guaranteed by Any Federal Government Entity- Are Not a Condition to Any Banking Service or Activity Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Nicolet Advisory Services, LLC, is an investment adviser, registered with the U.S. Securities and Exchange Commission, and an affiliate of Nicolet National Bank. Past market activity is not indicative of future results, and changes in any assumptions may have a material effect on projected outcomes. Investing in securities entails risk, and the potential for losing money always exists when investing in securities. Asset allocation, rebalancing, and asset diversification will not ensure account protection in a declining market, and cannot be relied upon to enhance gains in a rising market. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

Join Anthony Wilhelms for a conversation with Dave Willems, Principal and Founder at Willems Marketing & Events and Mike Steppe, CFA, SVP Chief Investment Officer, Nicolet National Bank. Topics include:

Introduction to the Fox Valley's Mile of Music celebration
Looking ahead to Mile of Music 2021
Impact on performers and communities that rely on live music festivals

Investment and insurance products:- Are Not FDIC Insured- May Lose Value- Are Not Bank Guaranteed- Are Not Deposits - Are Not Guaranteed by Any Federal Government Entity- Are Not a Condition to Any Banking Service or Activity Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Nicolet Advisory Services, LLC, is an investment adviser, registered with the U.S. Securities and Exchange Commission, and an affiliate of Nicolet National Bank. Past market activity is not indicative of future results, and changes in any assumptions may have a material effect on projected outcomes. Investing in securities entails risk, and the potential for losing money always exists when investing in securities. Asset allocation, rebalancing, and asset diversification will not ensure account protection in a declining market, and cannot be relied upon to enhance gains in a rising market. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

This Nicolet Wealth Management podcast features Melissa DeVantier, Vice President - Trust Officer at Nicolet Wealth Management in a conversation hosted by Anthony Wilhelms. Topics include:

Leaving a legacy through your estate
5 Must-Have’s for Estate Planning
Special Estate Planning Considerations
How to talk to your family about wealth

Adam Longlais, Senior Investment Officer at Nicolet Wealth Management also joins the conversation to talk with us:

How to incorporate your values into your investing
How your investments change with your estate plan
How the change in the Fed’s outlook is affecting markets

Investment and insurance products:- Are Not FDIC Insured- May Lose Value- Are Not Bank Guaranteed- Are Not Deposits - Are Not Guaranteed by Any Federal Government Entity- Are Not a Condition to Any Banking Service or Activity Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Nicolet Advisory Services, LLC, is an investment adviser, registered with the U.S. Securities and Exchange Commission, and an affiliate of Nicolet National Bank. Past market activity is not indicative of future results, and changes in any assumptions may have a material effect on projected outcomes. Investing in securities entails risk, and the potential for losing money always exists when investing in securities. Asset allocation, rebalancing, and asset diversification will not ensure account protection in a declining market, and cannot be relied upon to enhance gains in a rising market. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

Join Jake Dinkel for a conversation with Darrick Munsch, VP Financial Advisor at Nicolet Wealth Management and Mike Steppe, Chief Investment Officer at Nicolet National Bank.

Topics include:

Mentorship and its impact on personal and professional growth
Tips to becoming a successful mentor
The impact mentorship has on company culture
Economic updates

Advisory products and services offered by Investment Advisor Representatives through Nicolet Advisory Services, LLC., a Registered Investment Advisor. Securities offered by Registered Representatives through Private Client Services (PCS), member FINRA/SIPC. Products and services offered are not insured by the FDIC or any other Federal Government Agency, not a deposit or other obligation of, or guaranteed by, any bank or its affiliates, subject to risks including the possible loss of principal amount invested. Private Client Services is not affiliated with Nicolet National Bank, Nicolet Wealth Management, or Nicolet Advisory Services.

Join Anthony Wilhelms for a conversation with Tom Zellner, SVP Retail Sales Manager at Nicolet National Bank and Adam Longlais, Senior Investment Officer at Nicolet Wealth Management. Topics will include:

How does low inventory and competitive purchase prices affect your ability to buy a home?
How is the high cost of building materials affecting homebuilding?
How is this housing market different than the causes of the 2008 recession?

Investment and insurance products:- Are Not FDIC Insured- May Lose Value- Are Not Bank Guaranteed- Are Not Deposits - Are Not Guaranteed by Any Federal Government Entity- Are Not a Condition to Any Banking Service or Activity Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Nicolet Advisory Services, LLC, is an investment adviser, registered with the U.S. Securities and Exchange Commission, and an affiliate of Nicolet National Bank. Past market activity is not indicative of future results, and changes in any assumptions may have a material effect on projected outcomes. Investing in securities entails risk, and the potential for losing money always exists when investing in securities. Asset allocation, rebalancing, and asset diversification will not ensure account protection in a declining market, and cannot be relied upon to enhance gains in a rising market. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

More than a year ago Anthony Wilhelms, CFA, CFP® began hosting our Nicolet Wealth Management webinar. The roles changed for this conversation as Jake Dinkel, CFP® steps in as host for Anthony’s insight as a financial advisor during the pandemic. Mike Steppe, Chief Investment Officer at Nicolet National Bank joined with an economic update. Topics include:

Maintaining a high level of communication as the world is changing.
Highlights in a year of hosting the webinar.
Reflecting on the evolution of the webinar and the various topics discussed.
Economic update for Wisconsin and Michigan

Advisory products and services offered by Investment Advisor Representatives through Nicolet Advisory Services, LLC., a Registered Investment Advisor. Securities offered by Registered Representatives through Private Client Services (PCS), member FINRA/SIPC. Products and services offered are not insured by the FDIC or any other Federal Government Agency, not a deposit or other obligation of, or guaranteed by, any bank or its affiliates, subject to risks including the possible loss of principal amount invested. Private Client Services is not affiliated with Nicolet National Bank, Nicolet Wealth Management, or Nicolet Advisory Services.

Join Anthony Wilhelms for a conversation with PJ Madson, Senior Vice President at Nicolet Wealth Management and Adam Longlais, Senior Investment Officer at Nicolet Wealth Management. Topics will include:

What does financial planning look like in times of uncertainty?
How can a business owner have a successful business transition?
What is happening with wood prices and other commodities that are in short supply?
How does inflation impact retirement planning and spending?

Advisory products and services offered by Investment Advisor Representatives through Nicolet Advisory Services, LLC., a Registered Investment Advisor. Securities offered by Registered Representatives through Private Client Services (PCS), member FINRA/SIPC. Products and services offered are not insured by the FDIC or any other Federal Government Agency, not a deposit or other obligation of, or guaranteed by, any bank or its affiliates, subject to risks including the possible loss of principal amount invested. Private Client Services is not affiliated with Nicolet National Bank, Nicolet Wealth Management, or Nicolet Advisory Services.

Join Anthony Wilhelms for a conversation with Dr. Dennis Episcopo, Senior Pastor at Appleton Alliance Church and Mike Steppe, Chief Investment Officer at Nicolet National Bank. Topics include leadership principles for your life, successful succession planning for organizations, and commentary on today's economy.

Investment and insurance products:- Are Not FDIC Insured- May Lose Value- Are Not Bank Guaranteed- Are Not Deposits - Are Not Guaranteed by Any Federal Government Entity- Are Not a Condition to Any Banking Service or Activity Nicolet Wealth Management is a brand name that refers to Nicolet National Bank and certain of its departments and affiliates that provide investment advisory, trust, retirement planning and insurance services. Nicolet Advisory Services, LLC, is an investment adviser, registered with the U.S. Securities and Exchange Commission, and an affiliate of Nicolet National Bank. Past market activity is not indicative of future results, and changes in any assumptions may have a material effect on projected outcomes. Investing in securities entails risk, and the potential for losing money always exists when investing in securities. Asset allocation, rebalancing, and asset diversification will not ensure account protection in a declining market, and cannot be relied upon to enhance gains in a rising market. Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.

Join Josh Kohnhorst for a conversation with Jenny Tice, Operations Director at CollegeReady (formerly Scholarships, Inc.) and Adam Madson, Financial Advisor at Nicolet Wealth Management. Topics include:

How can you help your student find the college that meets his or her needs?
Solutions to saving for upcoming college expenses.
What does the scholarship application process look like and where can you find them

Advisory products and services offered by Investment Advisor Representatives through Nicolet Advisory Services, LLC., a Registered Investment Advisor. Securities offered by Registered Representatives through Private Client Services (PCS), member FINRA/SIPC. Products and services offered are not insured by the FDIC or any other Federal Government Agency, not a deposit or other obligation of, or guaranteed by, any bank or its affiliates, subject to risks including the possible loss of principal amount invested. Private Client Services is not affiliated with Nicolet National Bank, Nicolet Wealth Management, or Nicolet Advisory Services.