Podcasts about portfolio managers

This week, Phil welcomes special guest Peyton Studebaker, Senior Vice President and Portfolio Manager, at Davidson Investment Advisors for a discussion on why bonds are sexy!

In this episode of A Book with Legs, Cole Smead, CEO and Portfolio Manager, and Bill Smead, Chairman and Chief Investment Officer at Smead Capital Management, sit down with Liaquat Ahamed to discuss his book, “1873: The Rothschilds, The First Great Depression and the Making of the Modern World.”Liaquat Ahamed explores 1873 as the first truly global financial crisis, centered on the Rothschild family, then the wealthiest bankers in the world. The conversation traces how the Rothschilds nearly collapsed in 1848, losing 40% of their capital, only to rebuild over the next 25 years into a bank controlling a third of the entire European banking system. Liaquat and the Smeads discuss how market psychology moves in generational cycles, why it can take a full generation to recover confidence after a crash, and how President Grant's decision to defend the gold standard during the 1873 panic prolonged deflation across the U.S. economy.“1873: The Rothschilds, The First Great Depression and the Making of the Modern World,” published by Penguin Press, is available now.Sign up to be notified about new episodes: https://hubs.ly/Q0452V800

Grant Nader, Portfolio Manager at Benguela Global Fund Managers joins host Stephen Grootes to analyse the day's market fluctuations and delve into the latest developments in business and finance. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

If markets no longer price value, then what's actually setting the price?Raise Your Average hosts Pierre Daillie and Adam Butler sit down with Michael Green, Chief Strategist and Portfolio Manager at Simplify Asset Management, for a deep dive into the passive investing thesis he has spent over a decade researching, defending, and stress testing.Green argues that trillions of dollars flowing automatically into index funds via 401(k)s, RSPs, and defined contribution plans have created a market where price no longer reflects judgment about value. He walks through the mechanics of the "inelastic market hypothesis," the outsized role of leveraged and levered sector ETFs like SOXL, the Grossman-Stiglitz framework and why its core assumptions no longer hold, and why active and value investing have become structurally disadvantaged in the current regime.The conversation also covers the 2026 macro backdrop of a US-Iran conflict, an oil shock, and equities at all-time highs despite it, the risk of a passive "end stage," and where genuine diversification (like managed futures) still fits. It's a candid, occasionally combative, and consistently illuminating discussion for anyone trying to understand why markets are behaving in ways that don't match historical patterns.Chapters00:00 – Introduction: has the market stopped pricing risk?08:00 – Welcome to Michael Green; setting up 2026's contradictions09:00 – The 50-year shift into "all equities all the time"10:00 – How ETF mechanics reduce market elasticity12:00 – Why pod shops and passive flows ignore fundamentals entirely13:00 – Leveraged sector ETFs (SOXL) aren't really passive15:00 – Echoes of the dot-com bubble: 1999 vs. today18:00 – Circular funding and Mag Seven earnings41:00 – Momentum, autocorrelation, and portfolio construction under passive dominance44:00 – Pushback from the Financial Times and mainstream finance media44:30 – Malkiel's Paradox of Skill and the Grossman-Stiglitz framework, unpacked47:00 – Why the "equal endowment" assumption is false49:00 – The large-stack player sets the terms of the market50:00 – The Inelastic Market Hypothesis (Gabaix and Koijen) and Green's updated multiplier estimates52:00 – Facilitators vs. correctors: why Citadel and Jane Street are thriving55:00 – The Newtonian vs. quantum physics analogy for market scale57:00 – GameStop, Michael Saylor, and self-liquidating vehicles1:13:00 – Market cap concentration data and transaction cost asymmetries1:15:00 – Why cap weighting has flipped from historically losing to structurally winning1:17:00 – Stein's Law and the coming correction1:18:00 – Why value investing is a "negative selection criteria" right now1:21:00 – Where active investors can still add value: becoming facilitators1:22:00 – Managed futures as liquidity provision and portfolio ballast1:25:00 – Capacity constraints and closing thoughts#MichaelGreen #PassiveInvesting #RaiseYourAverage #SimplifyAssetManagement #ETFs #IndexFunds #MarketStructure #InelasticMarketHypothesis #ActiveManagement #ValueInvesting #ManagedFutures #Macro #InvestingPodcast #StockMarket #FinancePodcast #WallStreet #PortfolioManagement #MarketBubble #AdvisorAnalyst

Are investors overreacting to rising credit spreads among the largest AI hyperscalers? As companies like Amazon, Microsoft, Alphabet, Meta, and Oracle continue borrowing heavily to fund massive AI infrastructure, headlines are warning of "carnage" in hyperscaler credit markets. But does wider credit spread really signal financial trouble—or simply reflect unprecedented capital spending? Lance Roberts & Michael Lebowitz examine what credit default swaps (CDS), bond spreads, and AI capital expenditures are actually telling investors. We'll separate sensational headlines from market reality, and explore whether this is a genuine warning sign or another example of fear outrunning the fundamentals. 0:00 INTRO 1:01 - Markets Sell of as Margins Unwind 3:48 - What Happens When Moving Averages Are Broken 7:22 - Yields Respond to FOMC 9:42 - What Walsh Didn't Say... 14:01 - Four Things (he did say) 16:01 - No Support for Rate Hikes in Slowing Economy 21:26 - Momentum is the Market Driver (and it's unwinding) 23:24 - Why the 2% Inflation Target? 27:09 - Google vs Microsoft Earnings & Market Responses 30:25 - Hyperscalers & Credit Spreads 36:34 - Oracle is the Problem Child 37:42 - Market Price Narratives are not Realistic 39:42 - The Importance of Risk Management Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manager, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/lsx5FwAF_mQ ------- Articles mentioned in this report: "Carnage In Hyperscaler Credit: Really?" https://realinvestmentadvice.com/resources/blog/carnage-in-hyperscaler-credit-really/ -------- Watch today's "Before the Bell" premarket commentary, "Markets Consolidate as Sector Rotation Strengthens," https://youtu.be/pG8vxTC6oco ------- Watch our previous show, "Will the Fed Meeting Matter?" https://youtube.com/live/NXuTqIZToX0 ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Dynamic Learning Series, "Savvy Social Security Planning: More Income, Less Worry," Thursday, August 6, 2026: https://streamyard.com/watch/tQ3PS8hd64mt --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #Investing #TechnicalAnalysis #MomentumStocks #MarketOutlook #ArtificialIntelligence #Investing #TechStocks #PortfolioManagement

Are investors overreacting to rising credit spreads among the largest AI hyperscalers? As companies like Amazon, Microsoft, Alphabet, Meta, and Oracle continue borrowing heavily to fund massive AI infrastructure, headlines are warning of "carnage" in hyperscaler credit markets. But does wider credit spread really signal financial trouble—or simply reflect unprecedented capital spending? Lance Roberts & Michael Lebowitz examine what credit default swaps (CDS), bond spreads, and AI capital expenditures are actually telling investors. We'll separate sensational headlines from market reality, and explore whether this is a genuine warning sign or another example of fear outrunning the fundamentals. 0:00 INTRO 1:01 - Markets Sell of as Margins Unwind 3:48 - What Happens When Moving Averages Are Broken 7:22 - Yields Respond to FOMC 9:42 - What Walsh Didn't Say... 14:01 - Four Things (he did say) 16:01 - No Support for Rate Hikes in Slowing Economy 21:26 - Momentum is the Market Driver (and it's unwinding) 23:24 - Why the 2% Inflation Target? 27:09 - Google vs Microsoft Earnings & Market Responses 30:25 - Hyperscalers & Credit Spreads 36:34 - Oracle is the Problem Child 37:42 - Market Price Narratives are not Realistic 39:42 - The Importance of Risk Management Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manager, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/lsx5FwAF_mQ ------- Articles mentioned in this report: "Carnage In Hyperscaler Credit: Really?" https://realinvestmentadvice.com/resources/blog/carnage-in-hyperscaler-credit-really/ -------- Watch today's "Before the Bell" premarket commentary, "Markets Consolidate as Sector Rotation Strengthens," https://youtu.be/pG8vxTC6oco ------- Watch our previous show, "Will the Fed Meeting Matter?" https://youtube.com/live/NXuTqIZToX0 ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Dynamic Learning Series, "Savvy Social Security Planning: More Income, Less Worry," Thursday, August 6, 2026: https://streamyard.com/watch/tQ3PS8hd64mt --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #Investing #TechnicalAnalysis #MomentumStocks #MarketOutlook #ArtificialIntelligence #Investing #TechStocks #PortfolioManagement

Viv Govender, Portfolio Manager at Rand Swiss, joins host Stephen Grootes to analyse the day's market fluctuations and delve into the latest developments in business and finance. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Chris Steward, Portfolio Manager at Ninety-One and Stephen Grootes analyse top business and company stories of the day, as well as international and local markets. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567See omnystudio.com/listener for privacy information.

"The long-term drivers for the commodity cycle are intact. The rally that we've seen over the last 24 months, it's just like a teaser of what's coming when you look at broad sort of like landscape ideas in terms of like the exposure of global markets to mining and metals and to energy as well, it's less than 1% in some cases. If that only gets back to long-term averages of 5 to 10%, we're looking at trillions of dollars that are going to roll into our space. We live in a world where companies have trillion-dollar valuations. Why can't our companies [miners] have trillion-dollar valuations?" explains Resource Fund Manager Samuel Pelaez in this MSE episode. Samuel Pelaez is the President, CEO and CIO of Olive Resource Capital Inc. He has dedicated the past decade to financing natural resource projects while serving as Chief Investment Officer and Portfolio Manager at Galileo Global Equity Advisors, and as an analyst at US Global Investors. Mr. Pelaez has been an early investor in numerous resource discoveries and has been an active participant in Canadian resource corporate transactions. Samuel graduated from the Schulich School of Business with Distinction. He also holds a Masters in Finance degree from The University of Cambridge. He was a scholar of the Financial Leaders of Tomorrow Program at the PBOC Graduate School at Tsinghua University in Beijing. Samuel is a CFA charter holder and member of the Toronto CFA Society where he resides. Sam's website: https://olive-resource.com/ 00:00 Intro 00:47 Market Outlook and Fed 02:41 Gold Pullback Opportunity 04:12 Liquidity Spreads to Commodities 07:04 Whales Media and Charts 08:29 Copper Capex and Juniors 13:54 Project Quality and Water 17:13 M&A Drivers Permitting 19:46 Fast 41 and Policy Tailwinds 21:50 Portfolio Construction Focus 24:21 Position Sizing Concentration 28:37 Benchmarking and Learning 34:10 Top Picks to Watch 36:45 Olive Resource Capital Thesis 39:23 Cost of Living Philosophy Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 This interview was not sponsored. Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

The AI trade just suffered a major semiconductor sell-off—but is this the beginning of the end, or a buying opportunity inside a long-term bull market? In this episode of Payne Points of Wealth with Brooks Cutright, Portfolio Manager at Hedgeye Asset Management, we uncover the hidden forces driving Nvidia, Apple, Microsoft, Micron, SanDisk and other major technology stocks. The recent volatility may have less to do with collapsing AI demand and more to do with index rebalancing, ETF flows, and hedge funds positioning around hundreds of billions of dollars in predictable trades. But the bigger question is impossible to ignore: Will the trillions being spent on artificial intelligence ever pay for themselves? Big Tech companies are pouring massive amounts of capital into AI chips, data centers and computing infrastructure—even as questions grow about adoption, monetization and return on investment. If computing power becomes a low-margin commodity, today's biggest AI spenders may not become tomorrow's biggest winners. In this episode: • What really caused the semiconductor stock sell-off • How index rebalancing forces funds to sell mega-cap tech • How hedge funds profit from predictable market flows • Whether Nvidia and the AI trade are entering bubble territory • Why hyperscalers may struggle to monetize AI spending • The “picks and shovels” companies making money from the AI arms race • Why private credit could be hiding the market's biggest leverage risk • How to find companies before they enter the S&P 500 • Why power producers and infrastructure stocks may offer a better AI opportunity than semiconductor stocks The ultimate AI winners may not be the companies spending the most money. They may be the businesses using AI to lower costs, improve productivity and expand profit margins. If you've saved more than $1 million for retirement, Payne Capital Management will run a complimentary Total Financial Master Plan covering your investments, retirement income, diversification, fees and tax strategy.

Interview recorded - 21st of July, 2026On this episode of the WTFinance podcast I had the pleasure of welcoming back Mike Green. Mike Green is Chief Strategist and Portfolio Manager at Simplify Asset Management, and one of the most influential voices on market structure in finance today.During our conversation we spoke about the current situation in markets, the ever increasing leverage through ETF's, what this means for market structure, geopolitical impact and more. I hope you enjoy!0:00 - Introduction1:14 - Overview of the economy and markets?9:02 - Leverage in market12:26 - Hyperscalers fundraising 16:42 - Systemic credit risks?19:04 - Markets driving economy?21:46 - Strong economy24:56 - Geopolitical impact28:23 - China and BRICS29:55 - Plaza accord 2.0?35:00 - US rising vs China?38:52 - FED/treasury backstopping40:26 - Financial nihilism41:42 - One message to takeawayMichael has been a student of markets and market structure, for nearly 30 years. His proprietary research into the shift from actively managed portfolios and investment funds to systematic passive investment strategies has been presented to the Federal Reserve, the BIS, the IMF and numerous other industry groups and associations.Michael joined Simplify in April 2021 after serving as Chief Strategist and Portfolio Manager for Logica Capital Advisers, LLC. Prior to Logica, Michael managed macro strategies at Thiel Macro, LLC, an investment firm that manages the personal capital of Peter Thiel. Prior to Thiel, Michael founded Ice Farm Capital, a discretionary global macro hedge fund seeded by Soros Fund Management. From 2006-2014, Michael founded and managed the New York office of Canyon Capital Advisors, a $23B multi-strategy hedge fund based in Los Angeles, CA, where he established their global macro strategies, managing in excess of $5B of exposure across equity, credit, FX, commodity and derivative markets.In addition to his work as a market theorist and portfolio manager, Michael has been noted for his work as a public speaker and financial media participant. He is a graduate of the Wharton School at the University of Pennsylvania and a CFA holder.Michael Green - Substack - https://www.yesigiveafig.com/Twitter - https://twitter.com/profplum99LinkedIn - https://www.linkedin.com/in/michael-green-9a15142/Simplify - https://www.simplify.us/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Stephen Grootes speaks to Feroz Basa, Head of Global Emerging Markets at Sanlam Investments and Viv Govender, Portfolio Manager at Rand Swiss, about how financial markets have been transformed over the past two decades by the rise of algorithmic trading, hedge funds, passive investing and, more recently, artificial intelligence, and how active fund managers have adapted to stay competitive. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Grant Nader, Portfolio Manager at Benguela Global Fund Managers joins host Stephen Grootes to analyse the day's market fluctuations and delve into the latest developments in business and finance. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Stephen DuFour, Portfolio Manager, Fidelity U.S. Focused Stock Fund, provides his perspectives on U.S. equities and explains where he is finding high-conviction investment ideas for his concentrated fund.   Recorded on July 21, 2026.   At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information. For a fifth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2025 Environics' Advisor Digital Experience Study. -- Comment repérer les meilleures occasions dans les actions américaines – Stephen DuFour Stephen DuFour, gestionnaire de portefeuille du Fonds Fidelity Actions américaines – Ciblé, s'exprime sur les actions américaines et explique où il trouve les occasions de placement les plus prometteuses pour le Fonds.   Pour une version avec des sous-titres français, veuillez consulter https://youtu.be/5O4Wn-Ri1ls   Date : 21 juillet 2026 Chez Fidelity, notre mission consiste à aider le public investisseur canadien à se bâtir un meilleur avenir et à rester à l'avant-garde. Nous offrons aux particuliers et aux institutions une gamme de portefeuilles de placement innovants et fiables pour les aider à atteindre leurs objectifs financiers et personnels. Les fonds communs de placement et les FNB de Fidelity sont offerts par l'intermédiaire des conseillers et conseillères en placements et de comptes de courtage en ligne. Pour de plus amples renseignements, visitez fidelity.ca/commentinvestir. Les baladodiffusions DialoguesFidelity se sont classées au premier rang pour une cinquième année consécutive lors du sondage 2025 d'Environics sur l'expérience numérique des conseillers et conseillères en placements au Canada.

Artisan Partners is a global multi-asset investment platform providing a broad range of high value-added investment strategies in growing asset classes to sophisticated clients around the world. Since the firm's founding, Artisan Partners has built its business based upon a consistent philosophy and business model. Learn more at www.artisanpartners.com.Value: After Hours is a podcast about value investing, Fintwit, and all things finance and investment by investors Tobias Carlisle, and Jake Taylor. We are live every Tuesday at 1.30pm E / 10.30am P.────────────────────── ⁠⁠⁠⁠⁠VALUE OPTIONS LETTER⁠⁠⁠⁠⁠ Three to five curated ideas every week — cash-secured puts, covered calls, and spreads on businesses we'd want to own at strikes we'd be willing to pay. Every trade includes the business thesis in plain English, the fair-value estimate and its key assumptions, the specific option trade with target premium, and the pre-identified exit criteria.Every idea reviewed and approved by an analyst before it hits your inbox.⁠⁠⁠⁠⁠valueoptionsletter.com/subscribe⁠⁠⁠⁠⁠──────────────────────See our latest episodes at https://acquirersmultiple.com/podcastAbout Jake Jake's Twitter: https://twitter.com/farnamjake1Jake's book: The Rebel Allocator https://amzn.to/2sgip3lABOUT THE PODCASTHi, I'm Tobias Carlisle. I launched The Acquirers Podcast to discuss the process of finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations.We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success.SEE LATEST EPISODEShttps://acquirersmultiple.com/podcast/SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/FOLLOW TOBIASWebsite: https://acquirersmultiple.com/Firm: https://acquirersfunds.com/ Twitter: ttps://twitter.com/GreenbackdLinkedIn: https://www.linkedin.com/in/tobycarlisleFacebook: https://www.facebook.com/tobiascarlisleInstagram: https://www.instagram.com/tobias_carlisleABOUT TOBIAS CARLISLETobias Carlisle is the founder of The Acquirer's Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon's Business and Finance The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law.Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam. He is a graduate of the University of Queensland in Australia with degrees in Law (2001) and Business (Management) (1999).

Charles Payne is joined by Hilary Kramer, Portfolio Manager at Greentech Research, to discuss how recent software market weakness validates the ongoing AI boom, share expectations for Google's earnings, and highlight investment opportunities in E-commerce leader Shopify, fast-casual restaurant chain CAVA, and early-stage oncology biotech Pyxis Oncology (PYXS).  Learn more about your ad choices. Visit podcastchoices.com/adchoices

SpaceX has transformed the commercial space industry with reusable rockets, Starlink, and ambitious plans for Starship. But after one of the largest IPOs in history, can the company continue delivering the growth investors now expect? Lance Roberts & Michael Lebowitz examine whether SpaceX's fundamentals can keep pace with its valuation. We'll discuss launch cadence, Starlink's revenue potential, Starship's development timeline, competitive pressures, capital requirements, and the risks investors should consider before chasing one of the market's most talked-about stocks. 0:00 INTRO 0:53 - Where Do Markets Go Next? 3:40 - The Oil, Dollar, & Gold Connection 9:41 - The Only Thing That Really Matters is Earnings Growth 13:52 - Liquidity Matters as well 15:11 - Google Earnings & Negative Free Cash 23:59 - Space-X: Is Value Eroding? 26:51 - The Three Distinct Businesses of Space-X 33:08 - What Space-X Employees Will Do 37:04 - The Track Record of Elon Musk 37:50 - When to Buy Space-X? 40:52 - Space-X Earnings: Wait for it 41:50 - Oil, Bonds, & Gold Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manager, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/XGeCGPXfE4k ------- Articles mentioned in this report: "Can SpaceX Fire On All Cylinders?" https://realinvestmentadvice.com/resources/blog/can-spacex-fire-on-all-cylinders/ --- Watch today's "Before the Bell" premarket commentary, "Oil, Earnings, and Market Complacency," https://youtu.be/nBKqoSD_uCI ------- Watch our previous show, "Why Retail Traders Keep Losing" https://youtube.com/live/neGG2EOd8SM ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Dynamic Learning Series, "Savvy Social Security Planning: More Income, Less Worry," Thursday, August 6, 2026: https://streamyard.com/watch/tQ3PS8hd64mt --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #OilPrices #SP500 #EarningsSeason #Investing #SpaceX #ElonMusk #GrowthStocks

SpaceX has transformed the commercial space industry with reusable rockets, Starlink, and ambitious plans for Starship. But after one of the largest IPOs in history, can the company continue delivering the growth investors now expect? Lance Roberts & Michael Lebowitz examine whether SpaceX's fundamentals can keep pace with its valuation. We'll discuss launch cadence, Starlink's revenue potential, Starship's development timeline, competitive pressures, capital requirements, and the risks investors should consider before chasing one of the market's most talked-about stocks. 0:00 INTRO 0:53 - Where Do Markets Go Next? 3:40 - The Oil, Dollar, & Gold Connection 9:41 - The Only Thing That Really Matters is Earnings Growth 13:52 - Liquidity Matters as well 15:11 - Google Earnings & Negative Free Cash 23:59 - Space-X: Is Value Eroding? 26:51 - The Three Distinct Businesses of Space-X 33:08 - What Space-X Employees Will Do 37:04 - The Track Record of Elon Musk 37:50 - When to Buy Space-X? 40:52 - Space-X Earnings: Wait for it 41:50 - Oil, Bonds, & Gold Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manager, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/XGeCGPXfE4k ------- Articles mentioned in this report: "Can SpaceX Fire On All Cylinders?" https://realinvestmentadvice.com/resources/blog/can-spacex-fire-on-all-cylinders/ --- Watch today's "Before the Bell" premarket commentary, "Oil, Earnings, and Market Complacency," https://youtu.be/nBKqoSD_uCI ------- Watch our previous show, "Why Retail Traders Keep Losing" https://youtube.com/live/neGG2EOd8SM ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Dynamic Learning Series, "Savvy Social Security Planning: More Income, Less Worry," Thursday, August 6, 2026: https://streamyard.com/watch/tQ3PS8hd64mt --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #OilPrices #SP500 #EarningsSeason #Investing #SpaceX #ElonMusk #GrowthStocks

Celso Muñoz, Portfolio Manager of Fidelity Strategic Income Fund, joins us to discuss the evolving fixed income landscape and where he sees the most compelling opportunities today. Drawing on a diversified approach that spans high-yield credit, U.S. Treasuries and emerging markets debt, Celso shares how he balances income generation with downside protection. Recorded on July 17, 2026. At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information. For a fifth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2025 Environics' Advisor Digital Experience Study. -- Revenu stratégique et titres de créance mondiaux – Celso Muñoz Celso Muñoz, gestionnaire de portefeuille du Fonds Fidelity Revenu stratégique, se joindra à nous pour discuter de l'évolution du secteur des titres à revenu fixe et des occasions qui, à son avis, sont les plus intéressantes dans le contexte actuel. S'appuyant sur une approche diversifiée axée sur les titres de créance à rendement élevé, les obligations du Trésor américain et les titres de créance des marchés émergents, notre expert s'exprimera sur l'équilibre entre la génération de revenu et la protection contre le risque de perte. Pour une version avec des sous-titres français, veuillez consulter https://youtu.be/VhOjPDyYHcg Date : 17 juillet 2026 Chez Fidelity, notre mission consiste à aider le public investisseur canadien à se bâtir un meilleur avenir et à rester à l'avant-garde. Nous offrons aux particuliers et aux institutions une gamme de portefeuilles de placement innovants et fiables pour les aider à atteindre leurs objectifs financiers et personnels. Les fonds communs de placement et les FNB de Fidelity sont offerts par l'intermédiaire des conseillers et conseillères en placements et de comptes de courtage en ligne. Pour de plus amples renseignements, visitez fidelity.ca/commentinvestir. Les baladodiffusions DialoguesFidelity se sont classées au premier rang pour une cinquième année consécutive lors du sondage 2025 d'Environics sur l'expérience numérique des conseillers et conseillères en placements au Canada.

Chris Steward, Portfolio Manager at Ninety-One and Stephen Grootes analyse top business and company stories of the day, as well as international and local markets. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

This week on Financial Planning: Explained, host Michael Menninger, CFP®, welcomes back regular guest Brad Sorensen, CFA, Portfolio Manager and Outsourced Chief Investment Officer at Cornerstone Portfolio Research, for an in-depth discussion on the latest stock market outlook and the key events shaping the global economy. In this episode, Mike and Brad examine whether today's stock market valuations remain justified as corporate earnings continue to surprise to the upside. With second-quarter earnings showing strong growth across several sectors, investors are asking an important question: Can the market continue climbing, or are risks beginning to outweigh the opportunities? The conversation explores the current investment landscape, including the impact of the ongoing crisis in the Middle East, geopolitical uncertainty, inflation trends, interest rate expectations, and how global events may influence markets in the months ahead. Mike and Brad also discuss investor sentiment, economic growth prospects, and what recent earnings data may signal for the future direction of stocks. Whether you're an investor, retiree, financial advisor, or simply interested in understanding today's markets, this episode provides practical perspectives on navigating uncertainty while maintaining a disciplined, long-term investment approach. For more information on Menninger & Associates Financial Planning, visit https://maaplanning.com.

Join Darren Lekkerkerker, Portfolio Manager, for an in-depth look at what's driving North American equity markets today and where opportunities may emerge next. Plus, get the latest updates on Fidelity North American Equity Class and Fidelity American Equity Fund, including insights to help you position portfolios in a shifting market environment. Recorded on July 14, 2026. At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information. For a fifth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2025 Environics' Advisor Digital Experience Study. -- Qu'est-ce qui stimule les marchés nord-américains? – Darren Lekkerkerker Joignez-vous à Darren Lekkerkerker, gestionnaire de portefeuille, qui discutera en détail des facteurs qui stimulent les marchés nord-américains et des occasions qui pourraient se présenter. De plus, obtenez les dernières mises à jour sur la Catégorie Fidelity Actions nord-américaines et le Fonds Fidelity Actions américaines, y compris des analyses pour vous aider à positionner les portefeuilles dans un contexte en évolution. Pour une version avec des sous-titres français, veuillez consulter https://youtu.be/sZmtgKiUu2I Date : 14 juillet 2026 Chez Fidelity, notre mission consiste à aider le public investisseur canadien à se bâtir un meilleur avenir et à rester à l'avant-garde. Nous offrons aux particuliers et aux institutions une gamme de portefeuilles de placement innovants et fiables pour les aider à atteindre leurs objectifs financiers et personnels. Les fonds communs de placement et les FNB de Fidelity sont offerts par l'intermédiaire des conseillers et conseillères en placements et de comptes de courtage en ligne. Pour de plus amples renseignements, visitez fidelity.ca/commentinvestir. Les baladodiffusions DialoguesFidelity se sont classées au premier rang pour une cinquième année consécutive lors du sondage 2025 d'Environics sur l'expérience numérique des conseillers et conseillères en placements au Canada.

ETF VIROU UMA DAS FORMAS MAIS SIMPLES E EFICIENTES DE INVESTIR — E A INDÚSTRIA AINDA ESTÁ LONGE DO LIMITE   Neste episódio de Carteiros do Condado, Lucas Collazo e Davi Fontenele recebem Leonardo Vasques, Portfolio Manager na XP Asset Management, para uma conversa completa sobre ETFs.   Ao longo do programa, eles explicam o que é um ETF, como esse produto funciona na prática, o que o investidor encontra hoje no mercado brasileiro e quais os paralelos mais importantes com a indústria dos Estados Unidos, onde os ETFs ganharam escala e se tornaram peça central nas carteiras.   A conversa também passa pelos grandes números do setor, pelas vantagens de diversificação, liquidez, praticidade e custo, e pelos motivos que fazem tanta gente apostar que essa é uma indústria com muito espaço para crescer nos próximos anos.   

In this episode of A Book with Legs, hosts Cole Smead, CEO and Portfolio Manager, and Bill Smead, Chairman and Chief Investment Officer at Smead Capital Management, sit down with author David Williams to discuss his book, “The William E. Boeing Story: A Gift of Flight.”The conversation traces Bill Boeing's path from a wealthy heir working timberland in Hoquiam, Washington, to founding both Boeing and United Airlines almost by accident, chasing a hobby with no clear business model at the time. Along the way: a prohibition-era wiretapping scandal that helped shape modern privacy law, a government breakup of his company in the 1930s that was reversed within a decade when Roosevelt needed thousands of bombers built for WWII, and the origin story of the modern flight attendant through Ellen Church, a woman who was told no when she asked to be a pilot and created an entirely new profession instead.David is a former executive director of the Hydroplane and Raceboat Museum near Seattle and has written 10 books on motorsports and aviation. For this project, the Boeing family gave him unprecedented access to their private archives, thousands of never-before-seen photos, diaries, and personal letters, making this the first full-length biography of the father of commercial aviation.“The William E. Boeing Story: A Gift of Flight,” is available now on https://www.hydromuseumstore.org/books-and-magazines/Sign up to be notified about new episodes: https://hubs.ly/Q0452V800

Ray DiBernardo, Portfolio Manager for the XAI Madison Equity Premium Income fund, says he's concerned about the market's valuation levels — noting that it "has been expensive for quite some time" — and while he is not expecting "dark clouds and a horrible environment," there's more downside risk, which could lead to market compression that puts covered-call strategies back into the spotlight as a defensive play. DiBernardo, an analyst at Madison Investments, says the proliferation of options strategies should make investors more diligent about exploring strategies, and he discusses single-stock options versus index options and the risk-reward picture with each. DiBernardo notes that covered-call strategies aren't right for people "who believe the market will keep going straight up from here," but he notes that for nervous investors, the options strategy acts like portfolio insurance and the discount on a closed-end fund can help to make up for the upside potential that the strategy trades for that protection.

Jim Eisenman, Portfolio Manager at Vaughan Nelson, recaps the Global SMid Strategy's 2nd Quarter of 2026.

Kevin Ross, Portfolio Manager at Vaughan Nelson, recaps the Emerging Markets Strategy's 2nd Quarter of 2026.

Commodities are back in the spotlight and new data centers, expanding power grids, and manufacturing changes are driving explosive demand. However, years of underinvestment are making it hard to meet that increased consumer demand. With inflation, geopolitical tensions, and the growing demand for energy and raw materials adding to the mix, what questions should investors consider in today's market? In this episode, you'll hear what's driving markets such as copper, gold, oil, and agriculture, and why some investors are taking a fresh look at commodities for diversification and inflation protection. If demand keeps growing while supply remains constrained, what could that mean for portfolios in the years ahead? Join Hussein Allidina, Managing Director, Head of Commodities, TD Asset Management Inc. (TDAM), Humza Hussain, Vice President & Director, Commodities, TDAM, and Adam Grinbergs, Associate, Portfolio Research, TDAM as they examine the supply and demand forces shaping commodity markets and discuss the role they can play in portfolio diversification and inflation protection. Highlights include: 04:11 What commodities are and how investors gain exposure through futures markets 06:08 Why underinvestment, electrification, AI infrastructure, and reshoring are supporting commodity demand 11:03 Copper's supply challenge and why new production is taking longer to develop 16:00 The role commodities can play in diversification and inflation protection 23:19 Views on key commodity markets, including agriculture, natural gas, copper, gold, and oil       For a full transcript in English and French, please visit the TD Asset Management Podcast page: https://www.td.com/ca/en/asset-management/insights/podcast Email any questions or ideas for future episodes to: td.tdamtalks@td.comPlease follow "TD Asset Management" on LinkedIn: https://ca.linkedin.com/showcase/tdassetmanagement/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Greetings, and welcome back to the podcast. This episode we are joined by Mr. Cole Smead - CEO of Smead Capital Management - a registered investment advisor headquartered in Phoenix, AZ with offices in Jersey City, NJ and London, UK., with assets of approximately $6 billion under management. Cole Smead, CFA is Chief Executive Officer and Portfolio Manager where he oversees all activities of the firm. He is the final decision maker for all investment decisions in the firm's international equity portfolios. Cole has been with the firm since its founding in 2007. Prior to joining Smead Capital Management, he was a Financial Advisor with Wachovia Securities in Scottsdale, AZ. He is a member of the CFA Institute. Among other things we learned about 25% ROE at 2x Book: Finding Value in Canadian Energy.Enjoy.Newsletter: Subscribe HereThank you to our sponsors.Without their support this episode would not be possible:Connate Water SolutionsATB Capital Markets-*This podcast is for informational and educational purposes only, and is not intended as investment advice. Please do your own research, and consult professionals directly before making any investment decisions.Support the show

Viv Govender, Portfolio Manager at Rand Swiss joins host Stephen Grootes to analyse the day's market fluctuations and delve into the latest developments in business and finance. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific.Oil rose for a third day as President Donald Trump threatened further strikes on Iran, hours after the US resumed its blockade on the Islamic Republic’s shipping through the Strait of Hormuz. Global benchmark Brent advanced 1.8% to above $86 a barrel after surging 11% in the previous two sessions.The weak US inflation numbers and a strong start to the earnings season have revived the AI trade, boosting technology stocks after a recent bout of volatility. While the data gives the Fed more room to keep rates on hold, escalating tensions in the Middle East continue to cloud the inflation outlook by threatening higher energy prices. We spoke to Paisley Nardini, Portfolio Manager at Simplify Asset Management.For a preview of the incoming economic data out of China, Bloomberg TV Host Avril Hong talked to Peiqian Liu, Asia Economist at Fidelity International.See omnystudio.com/listener for privacy information.

Join Christopher Lee, Portfolio Manager and Chief Investment Officer, as he shares his latest market outlook and the trends he's watching. Chris will also provide an update on the Fidelity Advanced U.S. Equity Fund, and talk about how Fidelity's research and quantitative insights work together to drive this strategy. Recorded on July 7, 2026. At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information. For a fifth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2025 Environics' Advisor Digital Experience Study. -- Où vont les actions mondiales et américaines? – Chris Lee Christopher Lee, chef des placements et gestionnaire de portefeuille fera part de ses perspectives des marchés et des tendances à surveiller. Il fera également le point sur le Fonds Fidelity Actions américaines avancées et expliquera notamment comment les recherches et les analyses quantitatives de Fidelity sont intégrées pour soutenir cette stratégie. Pour une version avec des sous-titres français, veuillez consulter https://youtu.be/3f9cE25HGNc Date : 7 juillet 2026 Chez Fidelity, notre mission consiste à aider le public investisseur canadien à se bâtir un meilleur avenir et à rester à l'avant-garde. Nous offrons aux particuliers et aux institutions une gamme de portefeuilles de placement innovants et fiables pour les aider à atteindre leurs objectifs financiers et personnels. Les fonds communs de placement et les FNB de Fidelity sont offerts par l'intermédiaire des conseillers et conseillères en placements et de comptes de courtage en ligne. Pour de plus amples renseignements, visitez fidelity.ca/commentinvestir. Les baladodiffusions DialoguesFidelity se sont classées au premier rang pour une cinquième année consécutive lors du sondage 2025 d'Environics sur l'expérience numérique des conseillers et conseillères en placements au Canada.

This week on Financial Planning: Explained, host Michael Menninger, CFP® welcomes back regular guest Brad Sorensen, CFA, Portfolio Manager and Outsourced Chief Investment Officer at Cornerstone Portfolio Research. In this episode, Mike and Brad discuss the current state of the stock market, examining the latest economic data, market trends, and the key forces shaping today's investment landscape. They break down what's driving recent market performance, how stocks and bonds are reacting to changing economic conditions, and what investors should expect in the months ahead. The conversation covers inflation, interest rates, Federal Reserve policy, corporate earnings, economic growth, and investor sentiment, while offering practical insights into navigating market volatility with confidence. Brad also shares his perspective on maintaining a disciplined, long-term investment strategy and avoiding common emotional investing mistakes during uncertain times. Whether you're an investor, retiree, financial advisor, or simply looking to better understand today's markets, this episode provides valuable insight into the current market environment, what it means for your portfolio, and the opportunities and risks investors should be watching moving forward. For more information on Menninger & Associates Financial Planning, visit https://maaplanning.com.

Meryl Pick, Portfolio Manager at Old Mutual Investment Group goes through companies’ news, local and international markets with host Stephen Grootes. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

En este episodio especial, Juan Manuel de los Reyes conversó con Mauricio Viaud, Senior Investment Strategist y Portfolio Manager de Insigneo, sobre los resultados de Delta Air Lines y cómo el comportamiento del petróleo está influyendo en los márgenes de las compañías aéreas. Además, analizaron las perspectivas para la temporada de reportes corporativos del segundo trimestre y debatieron sobre el reciente repunte del crudo, las tensiones geopolíticas con Irán y las implicaciones de estos movimientos para los inversionistas de cara a la segunda mitad de 2026.

Flattening yield curves, violent sector rotations, and shifting market leadership often trigger recession headlines—but do they really predict when markets will peak? Lance Roberts & Michael Lebowitz look at why investors frequently confuse condition indicators with timing indicators. While yield curve flattening and rapid rotations between growth and value stocks can reveal that the market environment is changing, they don't tell you exactly when a recession or bear market will begin. 0:00 INTRO 1:02 - Markets' Response to Hormuz Limbo 5:54 - Consolidation Patterns Remain Unchanged 11:24 - The Risk of Continuing Iran Conflict 14:58 - The Ambiguous Fed 16:43 - Chip Stocks' Behavior 18:16 - Market Volatility is Low 21:35 - SEC Rules Changes & Liquidity 23:24 - The Japanese Yen & Carry Trade 29:58 - Japan's "Trolly Car" Problem & Risk to U.S. 32:47 - Yield Curve Warnings 37:43 - Long- or Short-duration Bonds? 40:05 - What's the Real Yield? 42:00 - Why Own Bonds Now? Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO,w Portfolio Manager, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/oFqAQg5DkiI ------- Watch today's "Before the Bell" premarket commentary, "Breakout Still Waiting," https://youtu.be/hGKaEy7tJiY ------- Watch our previous show, "Q&A Wednesday - Markets, Rates, and Risk" https://youtube.com/live/ua-paCoNRwo ------- Articles mentioned in this report: "Are Flattening Curves And Style Rotations Deceptive Omens?" https://realinvestmentadvice.com/resources/blog/are-flattening-curves-and-style-rotations-deceptive-omens/ 'The Low VIX Hides Fierce Undercurrents" https://realinvestmentadvice.com/resources/blog/the-low-vix-hides-fierce-undercurrents/ "The Yen At 40-Year Lows: Should You Care?" https://realinvestmentadvice.com/resources/blog/the-yen-at-40-year-low-should-you-care/ --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Candid Coffee, "Narrative Busters: Market Stories Investors Should Approach With Caution," Saturday, July 18, 2026: https://streamyard.com/watch/RfJtCj2byfDr --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #Premarket #SP500 #Semiconductors #Investing #YieldCurve #Recession #RiskManagement

Flattening yield curves, violent sector rotations, and shifting market leadership often trigger recession headlines—but do they really predict when markets will peak? Lance Roberts & Michael Lebowitz look at why investors frequently confuse condition indicators with timing indicators. While yield curve flattening and rapid rotations between growth and value stocks can reveal that the market environment is changing, they don't tell you exactly when a recession or bear market will begin. 0:00 INTRO 1:02 - Markets' Response to Hormuz Limbo 5:54 - Consolidation Patterns Remain Unchanged 11:24 - The Risk of Continuing Iran Conflict 14:58 - The Ambiguous Fed 16:43 - Chip Stocks' Behavior 18:16 - Market Volatility is Low 21:35 - SEC Rules Changes & Liquidity 23:24 - The Japanese Yen & Carry Trade 29:58 - Japan's "Trolly Car" Problem & Risk to U.S. 32:47 - Yield Curve Warnings 37:43 - Long- or Short-duration Bonds? 40:05 - What's the Real Yield? 42:00 - Why Own Bonds Now? Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO,w Portfolio Manager, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/oFqAQg5DkiI ------- Watch today's "Before the Bell" premarket commentary, "Breakout Still Waiting," https://youtu.be/hGKaEy7tJiY ------- Watch our previous show, "Q&A Wednesday - Markets, Rates, and Risk" https://youtube.com/live/ua-paCoNRwo ------- Articles mentioned in this report: "Are Flattening Curves And Style Rotations Deceptive Omens?" https://realinvestmentadvice.com/resources/blog/are-flattening-curves-and-style-rotations-deceptive-omens/ 'The Low VIX Hides Fierce Undercurrents" https://realinvestmentadvice.com/resources/blog/the-low-vix-hides-fierce-undercurrents/ "The Yen At 40-Year Lows: Should You Care?" https://realinvestmentadvice.com/resources/blog/the-yen-at-40-year-low-should-you-care/ --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Candid Coffee, "Narrative Busters: Market Stories Investors Should Approach With Caution," Saturday, July 18, 2026: https://streamyard.com/watch/RfJtCj2byfDr --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #Premarket #SP500 #Semiconductors #Investing #YieldCurve #Recession #RiskManagement

As equity markets become increasingly concentrated, investors are seeking strategies to diversify their exposures. Long-short strategies are one way to achieve this diversification while potentially capturing higher returns by building a portfolio that seeks to overweight winning stocks and short losing stocks. On today's episode, Aaron Mulvihill is joined by Susan Bao, Portfolio Manager for the U.S. Equity Group, as they discuss the history of long-short strategies, why today's environment has brought renewed interest in these strategies and where these types of strategies fit within investor portfolios. Resources: For more resources on Alternatives, visit our Guide to Alternatives and Principles of Alternatives Investing Listen to the audio version of the Alternative Realities podcast: Apple Podcasts | Spotify

Rudi van der Merwe, Portfolio Manager at Adviceworx and Ray White analyse top business news of the day as well as global and local financial markets. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

In this episode of Alternative Allocations, host Tony Davidow sits down with Anant Kumar from  Benefit Street Partners to cut through the noise and misconceptions surrounding the private credit market. They explore the nuanced impact of artificial intelligence on the software sector, discussing how proprietary data and "systems of record" can protect companies from disruption while creating unique alpha opportunities for savvy investors. The conversation also tackles the evolution of fund structures, emphasizing the importance of educating investors on these vehicles and the true nature of underlying illiquid investments. Anant also highlights why a multi-asset approach and strong underwriting are essential for navigating today's market dispersion and avoiding losses. Anant Kumar Anant Kumar is a Managing Director, Global Investment Strategist, Head of US Credit Research, and Portfolio Manager with Benefit Street Partners and is based in their West Palm Beach office. Prior to joining BSP in 2015, Mr. Kumar was in the capital markets advisory group at Lazard Freres. Before that, he was in the leveraged finance group at Deutsche Bank. Mr. Kumar received a Master of Business Administration from the University of Chicago, a Master of Science from Stanford University, and a Bachelor of Engineering from Visvesvaraya Technological University in India. Resources: Public insights on private credit: Only one of private credit's "four horsemen" is realSoftware-as-a-Service selloff and the implications for private marketsCost of being too liquidAnant Kumar | LinkedInFranklin Templeton Private MarketsBenefit Street PartnersTony Davidow, CIMA® | LinkedIn  

This week on Financial Planning: Explained, host Michael Menninger, CFP® welcomes back regular guest Brad Sorensen, CFA, Portfolio Manager and Outsourced Chief Investment Officer at Cornerstone Portfolio Research. In this episode, Mike and Brad break down the performance of the financial markets during the second quarter of 2026, discussing the key economic events that influenced stocks, bonds, and investor sentiment throughout the quarter. They examine the latest developments in inflation, interest rates, economic growth, corporate earnings, and Federal Reserve policy, while providing perspective on what these trends could mean for investors heading into the second half of the year. Brad also shares his insights on navigating ongoing market uncertainty, maintaining a disciplined long-term investment strategy, and avoiding emotional decision-making during periods of volatility. Whether you're an investor, retiree, financial advisor, or simply interested in understanding today's financial markets, this episode offers valuable insight into the Q2 2026 market recap, current economic conditions, and what investors should be watching next. For more information on Menninger & Associates Financial Planning, visit https://maaplanning.com.

Every market rally, pullback, and recession eventually comes back to one powerful force: interest rates. While investors often focus on breaking news and political headlines, the Federal Reserve's interest-rate policy has a far greater impact on stocks, bonds, inflation, retirement income, and long-term investment returns. Lance Roberts & Michael Lebowitz explain what the Federal Reserve actually controls, why rate cuts have taken longer than many investors expected, and whether the Fed can truly tame inflation. We also discuss how higher interest rates affect retirement planning, the most common interest-rate mistakes retirees make, and what investors should watch as markets continue to react to changing monetary policy. 0:00 INTRO 1:12 - US Soccer & Pepsi Jump Jet Challenge 5:45 - Markets Move Higher 12:08 - Switching from Value to Growth 16:35 - Options Trading Influence 19:17 - Rate Expectations Under Keven Warsh at Fed 22:47 - June Employment Report Preview 26:38 - The Importance of Wage Growth 28:28 - The K-Shaped Economy is Changing 29:24 - The Challenges of Being a Value Investor 32:31 - SimpleVisor Tools for You 35:45 - Looking at the "Lag-7" 37:39 - Reversion to the Mean Explained (again) 40:29 - Margin Debt and Leverage Financing Costs 43:38 - Yen Carry Trade 45:27 - Weather Forcast accuracy & predictions Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manager, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/BND-She8za0 ------- Articles Mentioned in Today's Show: "Friedman Was Right, Just Mostly Misquoted" https://realinvestmentadvice.com/resources/blog/mitton-friedman-was-right-just-mostly-misquoted/ "Private Equity – Why Am I So Lucky?" https://realinvestmentadvice.com/resources/blog/private-equity-why-am-i-so-lucky/ ------- Watch today's "Before the Bell" premarket commentary, "Buy Signal or Holiday Trap?" https://youtu.be/Dne95_cl50c ------- Watch our previous show, "Q&A Wednesday - Your financial Questions Answered Live" https://youtube.com/live/A9mA4FyIAjY ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Candid Coffee, "Narrative Busters: Market Stories Investors Should Approach With Caution," Saturday, July 18, 2026: https://streamyard.com/watch/RfJtCj2byfDr --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #InterestRates #Investing #MarketOutlook #EarningsSeason #InterestRates #FederalReserve #RetirementPlanning #Investing #FIFA #USMT

Every market rally, pullback, and recession eventually comes back to one powerful force: interest rates. While investors often focus on breaking news and political headlines, the Federal Reserve's interest-rate policy has a far greater impact on stocks, bonds, inflation, retirement income, and long-term investment returns. Lance Roberts & Michael Lebowitz explain what the Federal Reserve actually controls, why rate cuts have taken longer than many investors expected, and whether the Fed can truly tame inflation. We also discuss how higher interest rates affect retirement planning, the most common interest-rate mistakes retirees make, and what investors should watch as markets continue to react to changing monetary policy. 0:00 INTRO 1:12 - US Soccer & Pepsi Jump Jet Challenge 5:45 - Markets Move Higher 12:08 - Switching from Value to Growth 16:35 - Options Trading Influence 19:17 - Rate Expectations Under Keven Warsh at Fed 22:47 - June Employment Report Preview 26:38 - The Importance of Wage Growth 28:28 - The K-Shaped Economy is Changing 29:24 - The Challenges of Being a Value Investor 32:31 - SimpleVisor Tools for You 35:45 - Looking at the "Lag-7" 37:39 - Reversion to the Mean Explained (again) 40:29 - Margin Debt and Leverage Financing Costs 43:38 - Yen Carry Trade 45:27 - Weather Forcast accuracy & predictions Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manager, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/BND-She8za0 ------- Articles Mentioned in Today's Show: "Friedman Was Right, Just Mostly Misquoted" https://realinvestmentadvice.com/resources/blog/mitton-friedman-was-right-just-mostly-misquoted/ "Private Equity – Why Am I So Lucky?" https://realinvestmentadvice.com/resources/blog/private-equity-why-am-i-so-lucky/ ------- Watch today's "Before the Bell" premarket commentary, "Buy Signal or Holiday Trap?" https://youtu.be/Dne95_cl50c ------- Watch our previous show, "Q&A Wednesday - Your financial Questions Answered Live" https://youtube.com/live/A9mA4FyIAjY ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Candid Coffee, "Narrative Busters: Market Stories Investors Should Approach With Caution," Saturday, July 18, 2026: https://streamyard.com/watch/RfJtCj2byfDr --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #InterestRates #Investing #MarketOutlook #EarningsSeason #InterestRates #FederalReserve #RetirementPlanning #Investing #FIFA #USMT

Few names in the professional turfgrass industry carry the weight of the Valentine family, whose multigenerational connection to Merion Golf Club spans more than a century and helped shape the foundation of Penn State's nationally recognized turfgrass management program. Growing up on the grounds of one of the most storied clubs in American golf, Tom Valentine absorbed the rhythms of course management from his grandfather, Joseph Valentine, and his father, Richie Valentine, before charting his own path on the commercial side of the industry. Today, as Portfolio Manager at The Aquatrols Company, he brings that deep institutional knowledge to bear in support of superintendents and turf managers throughout the Northeast and Mid-Atlantic. In this episode of Leadership on the Links, host Tyler Bloom sits down with Tom Valentine for a candid conversation about industry legacy, the evolution of sales, career development in the green industry, and what it means to carry a family name that helped define turf management in America. What You'll Learn in This Episode The Valentine family's three-generation legacy at Merion Golf Club spans from the founding era of American turfgrass management through 1989, and includes the establishment of Penn State's Joseph E. Valentine Turfgrass Research Center in honor of Tom's grandfather. Richie Valentine led Merion's agronomy program by empowering his assistants with meaningful autonomy, a management philosophy that produced numerous professionals who went on to lead some of the most prestigious clubs and properties in the country. The golf industry experienced a defining compensation and budget inflection point in the late 1980s and early 1990s, when superintendent salaries and operational budgets increased dramatically as clubs transitioned from wholly in-house operations to a model that incorporated outside contractors and specialists. The rise of outside consultants in the 1990s, including those on the agronomic and architectural sides, fundamentally changed the way club memberships received and acted on course management recommendations. Sales methods in the green industry have evolved from relationship-driven, in-person territory management toward a hybrid model shaped by digital communication and accelerated by the changes brought on by the COVID-19 pandemic, while personal relationships remain a meaningful differentiator for high-performing sales professionals. Tom completed his Master of Professional Studies in Turfgrass Management at Penn State at age 50, a decision he credits with making him a significantly more effective resource for the superintendents he supports on the commercial side. Career paths in the turfgrass industry extend well beyond the superintendent role, and professionals who gain experience on the commercial side before returning to course management often bring a broader business perspective that benefits the clubs they serve. Links and Resources Tom Valentine on LinkedIn: https://www.linkedin.com/in/thomas-valentine-70111926/ The Aquatrols Company: https://www.aquatrols.com Merion Golf Club: https://www.meriongolfclub.com Penn State Joseph E. Valentine Turfgrass Research Center: https://plantscience.psu.edu/research/centers/turf  

Most people think a green or sustainable label on a bond means it is good for the planet. Often, it does not. A label only tells you what the issuer says it will do with the money. It does not prove that real change happens on the ground.That gap is the heart of this episode of SRI360. I'm joined by Elizabeth Alm, Senior Investment Analyst and Portfolio Manager at Saturna Capital, the oldest and largest Sharia asset manager in the United States. Elizabeth helps run the firm's global sustainable bond fund and its Islamic income fund. Her core belief is simple: that bonds play a central role in financing the transition to a cleaner economy.Elizabeth did not take the usual path into finance. She studied economics and anthropology at NYU and once dreamed of becoming an archaeologist. It took her 50 interviews to land her first job. She opened Excel for the first time on her first day of work, and her first week on a trading desk was the week Bear Stearns collapsed in 2008. Eleven years at Wells Fargo followed, working in municipal bonds as climate risk slowly began to show up in credit.Today she puts less weight on third-party ESG scores and looks for what she calls “climate alpha” — value the market has not priced in yet. In this conversation we cover how sukuk (Islamic bonds) work, why investors who are not Muslim are buying them, and what she learned on a month-long research trip across the Middle East that ended just five days before the Israel-US-Iran war broke out.In this episode we discuss:Why a bond's label tells you the plan, not the real-world impactHow sukuk (Islamic bonds) work, and why they must be backed by real assetsWhy investors who are not Muslim are buying sukukA bond she loves: Tabreed, the UAE cooling company that cuts emissionsWhy sovereigns with high physical climate risk are 18% more likely to defaultHow satellite monitoring helped identify and mitigate 30,000 child-labor cases in a cocoa supply chainThe wave of AI data-center debt, and why she is cautious about itFeatured guest:Elizabeth Alm,Senior Investment Analyst and Portfolio Manager at Saturna CapitalListen Next:Patrick Drum — Saturna Capital (Episode 16): Saturna's Patrick Drum on Islamic Finance, Faith-Based Investing, Sustainable Outcomes, ESG and MoreDiscover More from SRI360°:Explore all episodes of the SRI360° PodcastSign up for the free weekly email update

Jonathan Binns, Partner and Portfolio Manager at Rose Capital Advisors, discusses the firm's approach to wealth management, the culture and values that shape its client relationships, and how Rose Capital is navigating growth while remaining focused on personalized advice and long-term client outcomes.

Welcome back to the Alt Goes Mainstream podcast.We were live from iCapital Connect's conference in Phoenix, where we sat down with some of the industry's leaders across asset management and wealth management.Eric Muller is Portfolio Manager & Partner, CEO - BDCs for Oak Hill Advisors (OHA). Oak Hill, which was acquired by T. Rowe Price in December 2021, has $112B AUM across performing and distressed credit-related investments in North America, Europe and other geographies.Eric shares responsibility for leading OHA's private credit business and has primary management responsibility for OHA's BDCs. Prior to joining OHA in 2018, Mr. Muller worked in Goldman Sachs' Merchant Banking Division, where he was a Partner in the Private Credit Group, responsible for leading its private senior lending business in North America and managing vehicles that invested across the spectrum of the credit market. With credit on the minds of many, Eric provided a nuanced perspective on the current state of the credit markets and where to uncover both opportunity and risk in the market.Eric and I had a fascinating conversation about the current state of private credit. We discussed:How his experience in private equity has informed how he approaches credit investing.What are the risk / reward trade-offs in private credit?Why credit investors need to be pessimists.How LPs should evaluate private credit firms and why the ability to do workouts matters.How do private equity sponsors pick their credit partners?Why private credit firms might have higher recovery rates than liquid credit markets.How OHA's combination with T. Rowe Price has helped the firm productize for the wealth channel.What are misconceptions about private credit risk and liquidity?Where are the opportunities in liquid credit versus illiquid credit?Thanks, Eric, for sharing your wisdom, expertise, and passion for private credit and private markets.Show Notes00:00 Relative Value Lens00:11 A Message from Ultimus Fund Solutions01:08 Live at iCapital Connect01:46 Early Career at Goldman01:59 Mezzanine Fund Era02:23 GFC Timing Advantage02:51 Running Private Credit03:03 Joining Oak Hill04:15 PE Lessons for Credit04:30 Different Investor Questions04:56 Credit Risk Reward Mindset05:45 Optimistic Pessimist06:16 Downside With Right Tail06:47 Workouts and Distressed Skills08:02 Private vs Liquid Recoveries08:19 Aligned Lenders in Private08:54 Sponsor Relationships Matter09:22 Choosing the Right Partners10:46 Volatility Reveals Behavior11:22 Is Capital Commodity12:39 OHA Distressed DNA13:31 Crossroads of Markets14:26 Challenges of Unconstrained15:22 Risk Spectrum for LPs16:19 T Rowe Deal Rationale17:18 Democratizing Alts Access19:10 One Ticker Multi Strategy20:28 Liquidity Wrappers Tradeoffs21:49 Quasi Liquid Reality Check22:35 Liquid vs Illiquid Risk23:27 Diligence Questions for LPs24:33 Origination Edge and Speed26:19 Public-Private Financing Choice26:55 Alts in Target Date Funds28:41 Private Credit Misconceptions30:30 Closing ThoughtsA Word from Our Sponsor, UltimusThis episode of Alt Goes Mainstream is brought to you by Ultimus, the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands.That's Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you're already in the market or thinking about entering private wealth, you can trust their team's deep expertise in retail alternatives to help you reach your goals.Learn more at ultimusfundsolutions.com or email info@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.DisclosuresThe views expressed are the interviewee's, are subject to change without notice, and may differ from those of other T. Rowe Price associates.  Information and opinions are derived from proprietary and nonproprietary sources deemed to be reliable; the accuracy of those sources is not guaranteed. This material does not constitute a distribution, offer, invitation, recommendation, or solicitation to sell or buy any securities.  It does not constitute investment advice and should not be relied upon as such.  Investors should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision.Some or all alternative investments may not be suitable for certain investors. Alternative investments are typically speculative and involve a substantial degree of risk. Each fund and account may be leveraged and engage in other speculative practices that may increase the risk of investment loss. Investors must realize that they could lose all or a substantial amount of their investment. In addition, the fees and expenses charged may be higher than the fees and expenses of other investment alternatives, which will reduce profits. T. Rowe Price has $1.7T total assets under management and OHA has $112B assets under management as of March 31, 2026.In the United States, securities are offered through T. Rowe Price Investment Services, Inc., a broker dealer, registered with the U.S. Securities and Exchange Commission and a member of FINRA. Securities are offered through T. Rowe Price Investment Services, Inc., and advisory services are offered by Oak Hill Advisors, L.P. OHA is a T. Rowe Price company. T. Rowe Price Investment Services, Inc. and Oak Hill Advisors, L.P. are affiliated. 5629822

Spencer Hackett, Portfolio Manager at Grandeur Peak Global Advisors, presents at Planet MicroCap Las Vegas 2026 Powered by MicroCapClub. Not part of the MicroCapClub community? Join Us https://microcapclub.com/join-now/  Planet Microcap hosts the highest quality microcap in-person events in North America. The mission is to bring the best microcap investors, companies, and allocators together to gather, connect, and grow. https://planetmicrocap.com  This presentation is for informational purposes only and should not be construed as a recommendation to purchase or sell any security referenced herein. Planet MicroCap Holdings LLC and MicroCapClub LLC (collectively, “we” or “our”) are not licensed brokers nor registered investment advisors. We, our partners, contractors, members, subscribers, guests, or affiliates may or may not hold positions in one or more of the securities mentioned in this presentation and may trade in such securities at any time. We may have received cash compensation from one or more participants for presenting at past, present, or future events. We recommend you consult a licensed investment adviser, broker, or legal counsel before purchasing or selling any securities referenced in this presentation.

Has Micron's earnings report changed the outlook for semiconductor stocks and the broader artificial intelligence trade? With expectations running exceptionally high following a massive rally in chip stocks, investors are looking beyond headline numbers to what Micron's results and outlook may reveal about future demand, pricing power, and earnings growth across the industry. Lance Roberts & Michael Lebowitz discuss what Micron's report means for semiconductor stocks, market leadership, and the next phase of the AI-driven investment cycle. Here's a topical rundown of today's show: 0:00 - INTRO 1:05 - Economic Data Preview & Trump's Gasoline Gaffe 7:00 - Narrow Market Rally Obscures Underlying Weakness 13:02 - Micron Recap 16:32 - Nvidia vs Micron - Comparing the Fundamentals 20:26 - When Will Demand Slow or Supply Catch Up? 21:57 - "Your High Margin is My Invitation" 25:22 - The Law of Large Numbers Will Eventually Apply 28:58 - Calculating the Risk 30:32 - Crude Oil Pricing vs Gasoline 33:04 - Economic Data Preview - What Will Markets Do? 37:27 - Will CPI, PPI Indicators Matter to the Fed Now? 40:54 - Bonds Look Like Gasoline Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w w Portfolio Manager, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/Hu6OW8jg_XE ------- Watch our previous show, "Q&A Wednesday: What's Really Driving This Market? " https://youtube.com/live/b7C0L0Sd2mU ------- Watch today's "Before the Bell" feature, "Semiconductor Rally Hides Market Weakness" here: https://youtu.be/iT0t1C5puiE ------- Articles mentioned in this report: "The Technical Backdrop: When Flows Meet a Hawkish Fed: https://realinvestmentadvice.com/resources/blog/the-technical-backdrop-when-flows-meet-a-hawkish-fed/ "Kevin Warsh And The End Of The Fed's “Forward Guidance” https://realinvestmentadvice.com/resources/blog/kevin-warsh-and-the-end-of-the-feds-forward-guidance/ --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Candid Coffee, "Narrative Busters: Market Stories Investors Should Approach With Caution," Saturday, July 18, 2026: https://streamyard.com/watch/RfJtCj2byfDr --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #Semiconductors #Micron #Investing #MarketOutlook #Micron #ArtificialIntelligence #Investing #Gasoline #CrudeOil

Has Micron's earnings report changed the outlook for semiconductor stocks and the broader artificial intelligence trade? With expectations running exceptionally high following a massive rally in chip stocks, investors are looking beyond headline numbers to what Micron's results and outlook may reveal about future demand, pricing power, and earnings growth across the industry. Lance Roberts & Michael Lebowitz discuss what Micron's report means for semiconductor stocks, market leadership, and the next phase of the AI-driven investment cycle. Here's a topical rundown of today's show: 0:00 - INTRO 1:05 - Economic Data Preview & Trump's Gasoline Gaffe 7:00 - Narrow Market Rally Obscures Underlying Weakness 13:02 - Micron Recap 16:32 - Nvidia vs Micron - Comparing the Fundamentals 20:26 - When Will Demand Slow or Supply Catch Up? 21:57 - "Your High Margin is My Invitation" 25:22 - The Law of Large Numbers Will Eventually Apply 28:58 - Calculating the Risk 30:32 - Crude Oil Pricing vs Gasoline 33:04 - Economic Data Preview - What Will Markets Do? 37:27 - Will CPI, PPI Indicators Matter to the Fed Now? 40:54 - Bonds Look Like Gasoline Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w w Portfolio Manager, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/Hu6OW8jg_XE ------- Watch our previous show, "Q&A Wednesday: What's Really Driving This Market? " https://youtube.com/live/b7C0L0Sd2mU ------- Watch today's "Before the Bell" feature, "Semiconductor Rally Hides Market Weakness" here: https://youtu.be/iT0t1C5puiE ------- Articles mentioned in this report: "The Technical Backdrop: When Flows Meet a Hawkish Fed: https://realinvestmentadvice.com/resources/blog/the-technical-backdrop-when-flows-meet-a-hawkish-fed/ "Kevin Warsh And The End Of The Fed's "Forward Guidance" https://realinvestmentadvice.com/resources/blog/kevin-warsh-and-the-end-of-the-feds-forward-guidance/ --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Candid Coffee, "Narrative Busters: Market Stories Investors Should Approach With Caution," Saturday, July 18, 2026: https://streamyard.com/watch/RfJtCj2byfDr --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #Semiconductors #Micron #Investing #MarketOutlook #Micron #ArtificialIntelligence #Investing #Gasoline #CrudeOil