HYMAN & KIM: EXCLUSIVE NEW YEAR OUTLOOK, PART TWO

January 16, 2015

Part II of our exclusive annual outlook with Wall Street’s legendary number one economist, Evercore ISI’s Ed Hyman. This year he is joined by another WEALTHTRACK exclusive, New York Life’s Vice Chairman and Chief Investment Officer, John Kim. They will discuss the striking differences between the U.S. economy since the financial crisis and the slow, uneven rebound in the rest of the world and what they mean for global economies and markets.

WEALTHTRACK Episode #1130; Originally Broadcast on January 16, 2015
Listen to the audio only version here:
Hyman & Kim: Exclusive New Year Outlook, Part Two

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ED HYMAN

Chairman, Evercore ISI

JOHN KIM

Vice Chairman, New York Life Insurance Company

Consuelo MackLast week, in part one of our exclusive outlook with Wall Street’s star economist and Evercore ISI Chairman Ed Hyman and New York Life Insurance Company’s influential Vice Chairman and Chief Investment Officer, John Kim, they both told us they would be surprised if we don’t have a financial crisis sometime soon and that we might already be in one.  They were both concerned about the dislocations occurring from the unprecedented bout of global central bank easing occurring, as well as the rapid decline in energy prices. John Kim told us that going into this year, New York Life was “reining in our risk posture” across the board, in equities and bonds and adding to alternative investments that hedge market risk.

We had our conversation before today’s Swiss National Bank surprise decision to drop the franc’s cap against the euro, allowing it to appreciate against the Eurozone’s currency, which it did big time. At one point during today’s trading, the Swiss currency rose 41% against the Euro. This is the kind of unforeseen, market shaking event that Hyman and Kim were talking about.

This week, in part two of our TV exclusive with them, we discuss the very different economic path the U.S. is on, one of solid, sustainable recovery vs. the uneven and fragile course experienced by most of the rest of the world.

Can the U.S. go it alone? Will it be dragged down by other weaker economies? What are their views on China, Japan, Europe and other markets? Are there opportunities being created by these global dislocations? We will find out.

If you can’t join us for the show on public television this week, you can always watch it on our website, WealthTrack.com over the weekend.  You’ll also find our exclusive online EXTRA interviews with Hyman and Kim there discussing the end of the commodity super cycle and why Kim is adding more alternative investments to portfolios.

Have a great weekend and make the week ahead a profitable and productive one.

Best Regards,

Consuelo Mathews Asia

CONSIDER ADDING A LITTLE ENERGY TO YOUR PORTFOLIO

Morningstar Energy Favorite Vanguard Energy ETF (VDE) VDE Chart

VDE data by YCharts

No Bookshelf titles this week.

KIM: LONG TERM OIL PROSPECTS?

iShares MSCI Global Energy Producers (FILL) Price: $19.86 on 1/14 52-week range: $19.80 – $30.01 FILL Chart

FILL data by YCharts

HYMAN: CONSUMER SPENDING

Consider buying retail company stocks

Vanguard Energy ETF (VDE) VDE Chart

VDE data by YCharts

iShares MSCI Global Energy Producers (FILL) FILL Chart

FILL data by YCharts

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HYMAN & KIM: NEW YEAR OUTLOOK 2015, PART ONE

We continue WEALTHTRACK’s annual tradition of discussing the outlook for the economy, business, policy and markets with Evercore ISI’s Chairman, Ed Hyman, Wall Street’s reigning number one economist for an unprecedented 35 years running. Hyman will be joined by another exclusive guest, New York Life’s Vice Chairman and Chief Investment Officer, John Kim who oversees over $500 billion in assets at the life insurer, one of the oldest and largest in the world.
In this first of a two part series, Hyman and Kim will focus on the outlook for the U.S. economy and markets.

WATCH NOW…

ED HYMAN & BILL MILLER – PART II – MORE INVESTMENT LEGENDS’ PREDICTIONS FOR 2014

Part 2 of an exclusive interview with Wall Street legends, Ed Hyman and Bill Miller! Where do both pros think there is the most money to be made this year? Hyman gives his “one free pass” for investors and Miller shares his two “no brainers.”

WATCH NOW…

ED HYMAN & BILL MILLER – PART I – INVESTMENT LEGENDS’ PREDICTIONS FOR 2014

Two investing legends come together in an exclusive television interview this week! ISI Group’s Ed Hyman, Wall Street’s number one ranked economist for 34 years running, is joined by Legg Mason’s history-making portfolio manager Bill Miller to discuss their top investment forecasts and strategies for 2014.

WATCH NOW…

SARGEN & KIM: THE BUILDING BLOCKS FOR FINANCIAL SECURITY

Two Chief Financial Officers of two top-rated insurance companies, New York Life’s John Kim and Western & Southern’s Nick Sargen share their portfolio strategies.

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Ed Hyman & Dennis Stattman – Part Two: Investment Game Changers in 2013

Part 2 of our exclusive interview with Wall Street’s top-ranked economist for a record 33 years, ISI Group’s Ed Hyman. He is joined by Great Investor Dennis Stattman, long-time portfolio manager of BlackRock’s Global Allocation Fund.

ED HYMAN AND BOB DOLL

An exclusive interview with Wall Street’s long time number one economist Ed Hyman and Great Investor Bob Doll. What they expect in the economy and markets in 2012 and strategies to prosper in it. WATCH NOW…

ED HYMAN, CHRIS DAVIS AND TOM PETRIE

WealthTrack focuses on the economy, energy and value investing with three guests exclusive to us. ISI Group’s Ed Hyman, Wall Street’s number one ranked economist for 27 years running, star value investor Chris Davis of the Davis Funds, and veteran energy hand Tom Petrie, Vice Chairman of Merrill Lynch.

WATCH NOW…

No WEB EXTRA this week.


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