• Inflation, Interest Rates, and an Invasion

    By Kevin Kelly, Portfolio Manager Both fixed income and equity investors came into 2022 concerned about rising interest rates and inflation. Then the Russian invasion of Ukraine occurred, forcing investors to consider the significant humanitarian, geopolitical, and economic impacts of a major military conflict. Clearly, the combined effects of rising interest rates, high inflation, and…

  • Factoring War into the Outlook

    By Dr. Charles Lieberman, Co-Founder & Chief Investment Officer Russia’s invasion of Ukraine has upended markets, while the economic expansion remains strong and the Fed is embarking on a cautiously less accommodative stance. The war is likely to drag on for a while. Yet the economy is doing quite fine. So, markets are sure to…

  • People are starting to realize growth is going to slow down, says Advisors Capital’s Feeney

    The foregoing content reflects the opinions of Advisors Capital Management, LLC and is subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that…

  • The Return of German Militarism

    By David Ruff, Portfolio Manager Last week, at a special parliamentary session, German Chancellor Olaf Scholz announced a massive increase in military spending. Germany will be adding a €100 billion special fund to improve military equipment. Additionally, the country plans to significantly increase annual defense spending above its latest budget of €53 billion euros, already…

  • What Inflation Data Means For The Fed

    Video will open in a new window on TD Ameritrade Network website. With inflation at 40-year highs and continued supply chain disruptions weighing on the U.S. economy, Calvin Schnure and Chuck Lieberman analyze what persistent elevated inflation means for financial markets. January data for Personal Income & Outlays showed no month-over-month change for personal income,…

  • Russo-Ukraine Conflict: The Missing Energy Sanctions

    By Dr. Alan Greenspan, Senior Economic Advisor Over the past week, the world has watched with horror and trepidation as Russia commenced a multipronged invasion of neighboring Ukraine. Various peace talks have been scheduled, then cancelled, and hopes of a diplomatic resolution are all but dead. It is now clear that Vladimir Putin intends to…

  • Putin May Be Done

    By Dr. Charles Lieberman, Co-Founder & Chief Investment Officer We will update our thinking of the implications of the Russian invasion of Ukraine on a daily basis for the near term. Developments are unfolding fast and furious. Our latest thoughts are located below. Putin has succeeded in waking up the sleeping German giant. Germany has…

  • Implications of War in Ukraine: Day Two

    By Dr. Charles Lieberman, Co-Founder & Chief Investment OfficerWe will update our thinking of the implications of the Russian invasion of Ukraine on a daily basis for the near term. Our latest thoughts are located below. The economic fallout from the battle for Ukraine on the U.S. is mostly limited to 1.) higher energy prices…

  • Implications of War in Ukraine

    By Dr. Charles Lieberman, Co-Founder & Chief Investment Officer Putin has launched the war into Ukraine that the West has been trying to deter for some time. We consider some of the implications. The West will respond very quickly with widespread sanctions, including cutting off Russian transactions from the Swift system that processes international transactions…