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THIS WEEK – MEGA INVESTMENT TRENDS

January 16, 2020

NEW THIS WEEK:
Mega investment trends influencing markets with Great Global Investor Bill Wilby.

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GET YOUR FINANCIAL HOUSE IN ORDER WITH PERSONAL FINANCE GURU CHRISTINE BENZ’ FINANCIAL TO-DO LIST!

January 10, 2020

At the beginning of every new year or at tax time when I am under the IRS deadline gun, I vow this year is going to be different and I will finally get organized and make decisions over time instead of at the last minute.
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NOBEL LAUREATE ROBERT SHILLER EXPLAINS HIS THEORY OF NARRATIVE ECONOMICS, HOW POWERFUL STORIES INFLUENCE THE DIRECTION OF THE ECONOMY

January 3, 2020
This week on television we are revisiting our annual exclusive 2020 U.S. Outlook with Wall Street’s economist king, Ed Hyman and leading portfolio manager Matthew McLennan which we conducted in December. Watch the episode again here.
NEW THIS WEEK:
Happy New Year and Happy New Decade! What will the 2020s bring? As J.P. Morgan famously said: “Stocks will fluctuate.”  In 2019 they fluctuated mostly higher and the U.S. was still the place to be. Tech giants such as FANG’s Facebook, up 56%, Google’s parent Alphabet, up 29% and Amazon.com up 23% propelled the NASDAQ 35% higher. The S&P 500 rose nearly 27% and the Dow Jones Industrials advanced over 22%, all trading in record territory. 

It was pretty much a year for stocks all over the world, which is, of course, bringing the doomsayers out in droves. An excellent article on the front page of The Wall Street Journal’s Year-end Review & Outlook section is a good example. It’s titled: “Japan’s Lost 30 Years Give Pause To Those Looking at The U.S. 

What are the stories propelling economies and markets in 2020 and the decade going to be? It’s a podcast conversation we had with Nobel Laureate economist Robert Shiller about how important powerful narratives driving the economy are.
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HOW EASY MONEY, CHINA SLOWDOWN & BREXIT ARE TRANSFORMING THE GLOBAL ECONOMY & INVESTMENT CHOICES

December 27, 2019

Since launching WEALTHTRACK in 2005 we have asked economic legend Ed Hyman to share his new year forecast with us, which he has done pretty much exclusively since the beginning. We also invite a leading portfolio manager to join him. For the fourth year in a row, First Eagle’s Matthew McLennan is doing the honors.

This week we are presenting the second of our two-part series focused on the global economic and investment outlook. In case you missed it, we tackled the 2020 prospects for the U.S. economy and markets last week which you can see on here or our YouTube channel. 

In part one of our 2020 Outlook edition, Hyman predicted, as he did accurately for 2019, that the longest economic recovery on record in the U.S. would continue. He sees no signs of recession and believes that growth will actually pick up! He also forecasts that Wall Street will continue to climb a wall of worry, which he will describe in detail.  

Matt McLennan is not as optimistic. One of his main concerns is the record levels of government and corporate debt in the U.S. and the problems it poses to future growth and liquidity, especially in the event of a slowdown. After the record-setting bull market run, he also believes the U.S. market is expensive. He is investing very selectively in super high quality, market-dominant companies. He has a stash of cash to take advantage of sizable market declines and a significant position in gold to offset market risk.

We will start our global outlook discussion this week with one of the biggest headline events of 2019 – Prime Minister Boris Johnson’s “Get Brexit Done” victory in the United Kingdom which Hyman thinks has worldwide significance.

WEALTHTRACK Episode #1626; Originally Broadcast on December 27, 2019

Listen to the audio only version here:

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ED HYMAN

  • Founder, Chairman, Head of Economic Research,
  • Evercore ISI

MATTHEW MCCLENNAN

Since launching WEALTHTRACK in 2005 we have asked economic legend Ed Hyman to share his new year forecast with us, which he has done pretty much exclusively since the beginning. We also invite a leading portfolio manager to join him. For the fourth year in a row, First Eagle’s Matthew McLennan is doing the honors.

This week we are presenting the second of our two-part series focused on the global economic and investment outlook. In case you missed it, we tackled the 2020 prospects for the U.S. economy and markets last week which you can see on WEALTHTRACK.com or our YouTube channel. 

Ed Hyman is vice chairman of Evercore and Founder and Chairman of its Evercore ISI division where he leads its economic research team. He has been voted the Number One Economist on Wall Street for an unprecedented 39 years by Institutional Investor.

Matthew McLennan is Head of the Global Value team at First Eagle Investment Management where he runs several funds including its flagship First Eagle Global Fund since 2008. It carries a Five Star, Bronze Medalist Analyst rating from Morningstar.

In part one of our 2020 Outlook edition, Hyman predicted, as he did accurately for 2019, that the longest economic recovery on record in the U.S. would continue. He sees no signs of recession and believes that growth will actually pick up! He also forecasts that Wall Street will continue to climb a wall of worry, which he will describe in detail.

Matt McLennan is not as optimistic. One of his main concerns is the record levels of government and corporate debt in the U.S. and the problems it poses to future growth and liquidity, especially in the event of a slowdown. After the record-setting bull market run he also believes the U.S. market is expensive. He is investing very selectively in super high quality, market-dominant companies. He has a stash of cash to take advantage of sizable market declines and a significant position in gold to offset market risk.

We will start our global outlook discussion this week with one of the biggest headline events of 2019 – Prime Minister Boris Johnson’s “Get Brexit Done” victory in the United Kingdom which Hyman thinks has worldwide significance.

Interested in Bitcoin? In this week’s exclusive EXTRA feature, Hyman and McLennan share their views on the still-dominant cryptocurrency.

As always, if you miss the show on public television, you can watch it on our website.  If you would prefer to take WEALTHTRACK with you on your commute or travels, you can find the WEALTHTRACK podcast on TuneInStitcher, and SoundCloud, as well as iTunes and Spotify.

Thank you for spending 2019 with us. Have a fabulous New Year’s celebration. We look forward to making the new year and decade ahead profitable and productive ones for all of us!

Best regards,

Consuelo

Mathews Asia

Read Keeping At It: The Quest for Sound Money and Good Government


Keeping At It: The Quest for Sound Money and Good Government
No One Investment this week.

  • Fidelity National Information Services, Inc. (FIS)
  • Apple Inc. (AAPL)
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Ed Hymann & Matthew McLennan from the WEALTHTRACK Archives: If the archive episodes do not appear here, please turn off, or whitelist this site, in your ad blocker extension, or allow javascript.

BITCOIN VALUE

An interesting fact to ponder is that $1 invested in Bitcoin in 2010 would be worth about $90,000 today according to a recent Bank of America Global Research report. Ed Hyman and Matt McLennan share their views on the significance of the cryptocurrency.

POSITIVE 2020 OUTLOOK FOR US ECONOMY SAYS WALL STREET’S #1 ECONOMIST ED HYMAN

December 20, 2019

Every year at this time we are delighted to welcome Wall Street’s long reigning number one economist, Ed Hyman to share his outlook with us.  And we always pair him with a leading portfolio manager with a global investment view. For the fourth year in a row our choice is First Eagle’s Matthew McLennan.
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