Reporter Jon Sindreu from the Wall Street Journal recently wrote an article titled, “In the new bond market, bigger is better,” discussing how the bond market has been reshaped by post crisis regulations. I was able to provide commentary regarding the differences in selling a bond prior to the financial…
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Category: Fort Pitt Media
Manufacturing: Growth in the age of automation
The Pittsburgh Post-Gazette recently published an op-ed written by Fort Pitt Chief Investment Officer, Charlie Smith. It examines the economic growth outlook for the U.S. in light of the automation wave. In today’s world, manufacturing competition is strong, so how does the U.S. keep up? Restrictive tariffs and trade barriers…
CNBC: Q3 earnings outlook
As third quarter earnings kick off, I returned to CNBC “Closing Bell” to discuss specific companies and outlook for different sectors. Overall we are expecting Q3 earnings to surprise moderately to the upside, but anticipate material reductions in guidance going forward, which will result in a drop in 2017 estimates…
What in the world is going on in the global economy?
I was recently quoted in an article by Stephen Pounds of Bankrate.com which shed light on some economic “trouble spots” around the globe. The article, “Top 7 ways the global economy can affect you,” captured only a brief bit of our thinking. We wanted to offer Ramparts readers a couple…
Podcast: Brexit’s impact, fiduciary updates, and more…
Recently, I joined The Lange Money Hour radio show for a lively Q&A with host Jim Lange. Jim and I discussed the June Brexit vote and how it might impact financial markets, as well as issues surrounding the “fiduciary rule” recently issued by the Labor Department. We also laid out…
Ugly duck investments can be a beautiful thing
Everyone loves to hear about the likes of Apple, Tesla, Nike and other decidedly “hot” companies when it comes to investing. But there are other opportunities for investing outside of these popular retail companies. I was recently included in the article, “8 Unusual and Unglamorous Investment Opportunities,” by Lou Carlozo…
Bond ladders vs. bond funds
For some investors, deciphering whether to buy individual bonds and create a bond ladder or simply put some retirement money into a bond fund is a confusing matter. I was recently quoted in a Money.com piece that illustrates the benefits and drawbacks of bond ladders and bond funds. There isn’t…
What’s fueling oil’s two-day rally
This week, I appeared on both CNBC “Power Lunch” and Fox Business “Opening Bell with Maria Bartiromo” to share Fort Pitt’s thinking on the markets and investing. On CNBC, I offered my bearish view on Facebook. Since we’re long-term holders of stock, I would like to see Facebook turn into…
Stocks that aren’t getting clobbered by a rising dollar
During my latest Fox Business segment, anchor Liz Claman asked what made Boeing, Honeywell and Xilinx “sparkly” enough to fit into a portfolio. The strategy is part of our cyclical bias in the portfolios where moving away from the defensive. Find out why we like each company specifically and what…
Checking under the hood of your target-date fund
In a previous blog post, I talked about target-date asset allocation models and why at Fort Pitt we prefer a risk-based approach (check it out here). Recently, I was asked to offer insight to a CNNMoney.com piece about target-date funds. The piece asked the question, “Is your target-date fund ripping…