Hosted By Jean Paul Lagarde, the Slow Money Show takes an in-depth look at the latest news in the financial market. Published every Monday, topics include the current state of the market, inflation, and economic outlooks.
Jean Paul Lagarde is Chief Investment Officer and founder of ARC Asset Management, where he leads the Asset Management Group, leveraging his expertise in portfolio construction and risk mitigation to reshape the risk/reward curve of equity market exposure. Jean Paul is the lead portfolio manager on several of the firm’s investment strategies and shares ARC’s core principle that investment risk should be actively managed, and that risk reduction should be at the core of all financial plans. He is the lead portfolio manager on several of the firm’s investment strategies, providing valuable resources to all ARC advisors and working with the investment committee on idea generation, investment solution design, and implementation.
The opinions voiced are for general information only, subject to change, and are not intended to provide specific advice or recommendations for any individual. Additional information, including management fees and expenses, is provided on Advisor Resource Counsel’s Form ADV Part 2 available upon request or on the SEC’s Investment Advisor Public Disclosure site.
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Hosted By Jean Paul Lagarde, the Slow Money Show takes an in-depth look at the latest news in the financial market. Published every Monday, topics include the current state of the market, inflation, and economic outlooks.
Jean Paul Lagarde is Chief Investment Officer and founder of ARC Asset Management, where he leads the Asset Management Group, leveraging his expertise in portfolio construction and risk mitigation to reshape the risk/reward curve of equity market exposure. Jean Paul is the lead portfolio manager on several of the firm’s investment strategies and shares ARC’s core principle that investment risk should be actively managed, and that risk reduction should be at the core of all financial plans. He is the lead portfolio manager on several of the firm’s investment strategies, providing valuable resources to all ARC advisors and working with the investment committee on idea generation, investment solution design, and implementation.
The opinions voiced are for general information only, subject to change, and are not intended to provide specific advice or recommendations for any individual. Additional information, including management fees and expenses, is provided on Advisor Resource Counsel’s Form ADV Part 2 available upon request or on the SEC’s Investment Advisor Public Disclosure site.
Markets have been rallying since mid-June on the hopes that the Fed can engineer a "soft landing" of the economy, where inflation becomes subdued, without materially harming the labor market or the economy broadly. The ARC Asset Management team unpacks the narrative and explores what has to go right for it to become a reality.
The ARC Asset Management team talks about Friday's big jobs report and its impact on inflation, recession chances, and how it might affect the Fed's thought process. It also touches on the Democrat's climate bill which passed the Senate Sunday night and discusses earnings estimates and the team's current view on client portfolio positioning.
The ARC Asset Management team discusses the latest FOMC meeting where the Fed hiked 75 basis points; however, it was the press conference following the announcement that sent markets higher as investors interpreted Fed Chair Jay Powell’s off the cuff comments as “dovish.” Yields, credit spreads and implied volatilities (uncertainty readings) fell, while equities rallied. The team discusses whether this was the correct interpretation while also talking about how earnings announcements and the potential for a recession could impact stocks and bonds.
The ARC Asset Management team discusses the changing dynamics within the stock and bond markets over the last month, touches on early second quarter earnings reports, and takes a deep dive into expectations for the Federal Reserve’s path forward and what it might mean for longer term interest rates and the stock market going forward.
The ARC Asset Management team discusses the 75 basis point increase by the Fed, the persistence of inflation, and slowing economic trends. It then discusses the impact on financial markets and whether or not the big sell-off over the last two weeks might be capitulation.
The ARC Asset Management team discusses the current market volatility spurred to a large degree by inflation, inflation expectations and the resulting path of monetary policy. It's safe to say a pause in the rate hike path is off the table given the persistence in the inflation data but we'll know more on Wednesday (FOMC meeting).
The ARC Asset Management team discusses recent market movements, the Fed's inflation dilemma, the direction of interest rates, and whether market indicators are suggesting a soft landing is realistic or not. The team also touches on recent headlining grabbing comments by Elon Musk and others while also discussing the rapid deterioration in CEO confidence and what it could mean for the economic outlook.
The ARC Asset Management team discusses last week's CPI (inflation) data, the fact that economists continue to cut GDP forecasts, the University of Michigan Consumer Confidence numbers (weakest since 2011), all while household balance sheets - and corporate balance sheets - remain strong, making the Fed's job to tame inflation more difficult. This poses unique problems for traditional balanced portfolios as stocks and bonds have been moving in the same direction - down.
The ARC Asset Management team discusses the increase in volatility, whether or not the Fed (FOMC) Press conference was really as "dovish" as some thought, the recent jobs reports and their impact on inflation, as well as an update on the 1Q2022 earnings season in light of the challenging margin environment with wages and input costs increasing.
The ARC Asset Management team discusses the upcoming Fed (FOMC) meeting, the rate hike (50 bps priced-in), longer-term inflation expectations that have continued to increase, and the associated risk of these expectations becoming unanchored. They discuss the Fed's need to slow the economy to moderate inflation, relieve the tightness in the labor market, as well as an update on the 1Q2022 earnings season in light of the challenging margin environment with wages and input costs increasing.
The ARC Asset Management team discusses the significant increase in investor expectations for Fed rate hikes, inflation cross currents, and provides their view of initial earnings reports as well their outlook as reporting season hits its full stride this week and next. The team also touches on the $US, global bond markets, and China.
With the S&P 500 at close to peak operating margins, the ARC Asset Management team unpacks the probability of margin headwinds as companies continue to face higher input prices and rising wages. We explore the latest CPI and consumer spending data and also discuss the ongoing war in Ukraine.
Are equities the preferred asset class given the current inflationary environment? Join ARC's asset management team as they continue last week’s discussion about how inflation, interest rates, and credit spreads impact fixed income markets and whether equities offer a more compelling "yield" to help investors withstand the purchasing power erosion to savings and investments due to inflation. They also build on that discussion by highlighting some of the pressing risks within the equity markets and how the big interest rate increases since the last show might affect asset allocation decisions.
Are equities the preferred asset class given the current inflationary environment? Join ARC's asset management team as they discuss how inflation, interest rates, and credit spreads impact fixed income markets and whether equities offer a more compelling "yield" to help investors withstand the purchasing power erosion to savings and investments due to inflation.
Join ARC's Asset management team as they discuss the latest news from Ukraine. They dive into commodity markets, OPEC, and the EU's evolving energy situation. In addition, the team reviews key economic data including measures of inflation and consumer confidence, and the ever flattening Treasury yield curve.
Join ARC's Asset management team as they discuss the latest news from Ukraine, and the impact the war is having on financial markets. They deep dive into the Fed's first interest rate hike since 2018 along with the Fed's new economic projections. They also discuss measures of equity market and fixed income market uncertainty contextualized within the scope of recent market history.
The war in Ukraine is first and foremost a humanitarian crisis that we wish we would end. It is also substantially affecting financial markets. Join ARC's Asset management team as they discuss the latest news from Ukraine, the war's impact on energy prices and commodities broadly, inflation and inflation expectations, the Fed's daunting task of fighting inflation without causing a recession, and the implications for credit and equity markets.
Jean Paul Lagarde and Michael Thomas discuss the evolving Russia / Ukraine situation, intensifying sanctions and their effect on commodity prices, inflation, and inflation expectations. They dive into volatility markets to assess investor uncertainty across asset classes, as well as traditional risk metrics derived from credit markets. They also discuss last Friday's Jobs Report.
Jean Paul Lagarde and Michael Thomas discuss the evolving Russia / Ukraine situation in light of intensifying sanctions, and the effect they are having on commodity prices, inflation, and inflation expectations. We dive into the yield curve, Jerome Powell's testimony before congress, and the probable path of FED policy normalization.
Jean Paul Lagarde and Michael Thomas of ARC Asset Management discuss the Russia / Ukraine situation, the possible impacts to energy prices and inflation broadly, and the difficulties consumers face as wage increase are not keeping pace with inflation, leading to negative "real" wage growth. They also discuss the latest consumer confidence survey from the University of Michigan showing continued declines.
Hosted By Jean Paul Lagarde, the Slow Money Show takes an in-depth look at the latest news in the financial market. Published every Monday, topics include the current state of the market, inflation, and economic outlooks.
Jean Paul Lagarde is Chief Investment Officer and founder of ARC Asset Management, where he leads the Asset Management Group, leveraging his expertise in portfolio construction and risk mitigation to reshape the risk/reward curve of equity market exposure. Jean Paul is the lead portfolio manager on several of the firm’s investment strategies and shares ARC’s core principle that investment risk should be actively managed, and that risk reduction should be at the core of all financial plans. He is the lead portfolio manager on several of the firm’s investment strategies, providing valuable resources to all ARC advisors and working with the investment committee on idea generation, investment solution design, and implementation.
The opinions voiced are for general information only, subject to change, and are not intended to provide specific advice or recommendations for any individual. Additional information, including management fees and expenses, is provided on Advisor Resource Counsel’s Form ADV Part 2 available upon request or on the SEC’s Investment Advisor Public Disclosure site.
