• Eating Your Vegetables

    By Paul Broughton, Portfolio Manager This equity market is the equivalent of having to eat your vegetables when you were a kid before you were finished with your dinner. Maybe you liked eating lightly steamed broccoli when you were seven. I didn’t. My idea of gourmet dining at that age was McDonalds. This is the…

  • European Equities – Winter is Coming?

    By David Ruff, Portfolio Manager Stated more directly, the question becomes “should European equity investment be avoided all together?” After all, the phrase “sick man of Europe”, coined to refer to the country on the continent experiencing the most economic difficulty, appears to be best applied to the continent itself. Indeed, most everything plaguing the…

  • Beware Middle Class Discontent

    By Dr. Alan Greenspan, Senior Economic Advisor A little-noticed effect of COVID-19 that is not often factored into discussions about the pandemic’s economic dislocations is the loss of confidence among America’s middle class in its own upward mobility, in people’s belief that they—and by extension their children—will do better than their predecessors. Why is this…

  • Still Not There Yet

    By Paul Broughton, Portfolio Manager It was nice while it lasted. The brief two-month mid-summer equity rally looks like it’s stalling if not possibly over. From mid-June to mid-August, equities rallied by 17.7% largely on the belief that the Fed’s accelerated rate hikes would result in a proverbial soft-landing or only a mild recession, so…

  • Preferred Stocks: Harmful or Helpful in a Fixed Income Portfolio

    By Partner & Portfolio Manager, Kevin Kelly The year-to-date return on the preferreds issued by Bank A range from +1% to -20%, while the year-to-date return on the preferreds issued by Bank B range from +2% to -20%. This variation in performance among preferreds issued by the same bank comes as a shock to most…

  • Advisor Capital Management Promotes Mike Brodie, David Ruff and Kevin Kelly to Partner

    RIDGEWOOD, N.J., August 22, 2022— Advisors Capital Management (ACM), a nationally recognized investment advisory and portfolio management firm, has just announced that David Ruff, CFA®, Mike Brodie, and Kevin Kelly have been promoted to partner. The appointments further strengthen the firm’s commitment to helping financial advisors better meet the unique needs of today’s investors. Prior…

  • ACM Named One of the Top 50 Fastest-Growing Financial Advisor Firms

    ACM Named One of the Top 50 Fastest-Growing Financial Advisor Firms [RIDGEWOOD, NJ] Advisors Capital Management (ACM), an investment advisory firm offering customized portfolio management solutions designed to help financial advisors better meet the unique needs of today’s investors, has been listed as one of the Top 50 Fastest-Growing Financial Advisor Firms for 2022. ACM…

  • Investors and the Fed Are NOT Aligned

    By Dr. Charles Lieberman, Co-founder & Chief Investment Officer The economy is already in recession or on the verge of one, inflation has peaked and will soon return to the Fed’s 2% target, the Fed’s aggressive interest rate hikes will soon slow economic growth so much that after a few more interest rate hikes, the…

  • Calm Before the Storm?

    By Dr. Alan Greenspan, Senior Economic Advisor The Bureau of Economic Analysis (BEA) released their first official print of second quarter Gross Domestic Product (GDP) last Thursday, estimating that the economy contracted at a -0.9% annual rate. The second consecutive quarterly decline in GDP, following a -1.6% annual rate contraction in the first quarter, means…