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Financial Thought Exchange Podcast

CFA Institute Research Foundation

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The Financial Thought Exchange Podcast is where you get wiser by hearing from financial thought leaders from all walks of life. This is the perfect companion podcast for financial analysts, investors, or anyone interested in the ”inside baseball” of the financial world. Financial Thought Exchange is the official podcast and video channel of the CFA Institute Research Foundation. Check out our peer-reviewed research here: https://rpc.cfainstitute.org/en/research If you would like to support t ...
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In this episode, host Lotta Moberg is joined by Philip Maymin via Starlink to discuss the future of AI in the finance industry. Dr. Philip Maymin is Portfolio Manager and Director of Asset Allocation Strategies at Janus Henderson. He is also the Endowed Schramm Chair of Analytics and the MSBA Program Director at Fairfield Dolan, the CTO for Swipe.b…
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Chuck Zodda and Marc Fandetti explain to the 3 in 5 Americans who believe the country is in a recession why that isn't the case. What are the competing opinions on future rate cuts by the Fed? Is the hottest job market in a generation already over? Your cup of coffee is already expensive, and it is about to get even more expensive.…
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Chuck Zodda and Marc Fandetti discuss the earnings results from Google and Tesla and why markets are reeling in their wake. Has Google misjudged the growth of AI? Is Tesla missing the boat on AI? Todd Lutsky joins the show for his week'y segment, Ask Todd, where he explains how to get on medicaid at the last minute.…
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Mike Armstrong and Marc Fandetti explain why the CrowdStrike outage is another sharp warning for banks. Google talks to acquire cybersecurity startup Wiz fall apart. GM lifts earnings outlook as US market carries load. Elon Musk has his mojo back. Can you send some mojo to Tesla? Alexa is in millions of households, and Amazon is losing billions. Th…
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Mike Armstrong and Marc Fandetti discuss how recent politically events have been moving markets. Investors remember 'stocks can go down too' in return to hedging. June home sales slump, pointing to a buyer's market as supply increases. Why is the deficit so big? Depends on who you ask. America's 60-year-olds are staring at financial peril. McDonald…
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Chuck Zodda and Mike Armstrong discuss if markets could unwind the ‘Trump trade’ after Biden drops out of presidential race. Investors count on earnings to calm $900 billion US tech rout. A stock-market rotation of historic proportions is taking shape. Flight cancellations caused by tech outage continued over the weekend. Ble screens everywhere are…
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Chuck Zodda and Mike Armstrong discuss Netflix's earnings report and how the company continues to dominate the streaming space. The Fed prepares for September cut as Powell shifts focus to jobs. Banks are offering bigger cash bonuses. But you will need to know much more before changing banks. $15 minimum wage for tipped workers headed to ballot. No…
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Chuck Zodda and Mike Armstrong breakdown the major IT outage that has grounded flights and hit banks and businesses across the world. Get ready to pay more for less-reliable electricity. The magic number to afford a home in Boston? $217,000 in annual income. Heirs finally get an answer from the IRS about money in inherited retirement accounts. Brok…
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Mike Armstrong and Marc Fandetti discuss how the conversation surrounding inflation is being expressed of the RNC. JD Vance blames China for the degredation of the US's middle class. Social Security just announced a change for millions of beneficiaries. Car repossesions surge across the country. Bud Light loses more ground, slipping to No. 3 in Ame…
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Mike Armstrong and Marc Fandetti discuss what went so wrong for tech companies on markets yesterday. TSMC beats estimates on surging chip demand, but politics might get in the way. Should Fed's critics be championing a July cut? Mike can't help but express his love for Domino's. Where do economists think we are headed? Is revenge travel running out…
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Chuck Zodda and Paul Lane explain why portfolio diversification is necessary. Top Fed official suggests the Fed is closer, but not yet ready, to cut rates. Biden's rent control plan will make the housing crisis worse. Real Estate meltdown strains even the safest office bonds. It's the summer of the quiet vacation. Don't tell the boss. NBA Board bac…
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Mike Armstrong and Paul Lane discuss drivers opting for a more intrusive option to ease car-insurance costs. 60% US tariffs would cripple China, but at what costs to the US? Why is the oil industry booming? Musk's Robotaxi plan shows he understands car but not people. Will the housing market tell the Fed how much to cut? The futue of children's tel…
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Mike Armstrong and Paul Lane discuss Jerome Powell signaling a rate cut is coming soon but doesn't commit to when. Retail sales come in better than expected in June. Big banks are getting help from Wall Street comeback. How is Wall Street continuing to absorb American's borrowing binge? Can you save too much for retirement? Using your retirement ac…
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Chuck Zodda and Mike Armstrong discuss China's lopsided economy is losing steam. Trillions in hidden debt drove China's growth. Now it threatens its future. These are America's best and worst states for quality of life. Social Security fears spur these young workers to save more. With high prices and mortgage rates, aspiring and current homeowners …
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Chuck Zodda and Mike Armstrong push back on calls that inflation has been defeated. Ted Rossman from Bankrate joins the show to share the results of a recent survey that showed 1 in 3 Americans earn money through a side hustle. Have potato chips reached peak price? Can movies for grown-ups still sell tickets? Paul LaMonica joins the show to chat ab…
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Chuck Zodda and Mike Armstrong discuss big bank stocks' market-beating rally now puts the onus on outlook. Thursday was a historically strange day in the stock market. That might be good news. AT&T says hacker stole data on nearly all of its wireless customers. Americans are worried about outliving their retirement savings. Apple seeks 'killer app'…
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Chuck Zodda and Mike Armstrong explain why presidential elections shouldn't overly influence how you invest. Why is Biden offering $1.7B to help factories build EVs? The great baby boomer debate: Give your kids money now — or let them inherit it? The IRS is cracking down on delinquent millionaires is yielding $1B. Tesla delaying Robotaxi day to Oct…
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Chuck Zodda and Mike Armstrong react to the release of the June CPI data that showed inflation slowing for the month. When will the Fed respond with rate cuts? Jerome Powell is not prepared to say he's confident about inflation. Delta's sagging profts signals trouble for airlines this summer. Home insurance premiums are surging and states are allow…
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Chuck Zodda and Marc Fandetti wonder if the housing market is being held down because too many homes are for sale. What to watch for when bank earnings season kicks off. Market strategists finally abandon S&P 500 targets. American workers have quit quitting. Will AI ever pay off?By The Financial Exchange Network
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Chuck Zodda and Marc Fandetti discuss Jerome Powell's remarks about the current state of inflation and the future of rate cuts. Reliability of US economic data in in jeopardy. Todd Lutsky from Cushing & Dolan joins the show to share his expertise on medicade eligibility and what single people and married people should do if they have failed to prep…
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Mike Armstrong and Marc Fandetti discuss how Trump's increasing election odds are already impacting financial markets. Is the housing crisis really about low-wage jobs? Is housing the solution to downtown's empty office problem? Even as prices stabilize, Walmart, Chipotle, and others feel the heat from skepitcal customers. United Airlines Jet loses…
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Mike Armstrong and Marc Fandetti react to Jerome Powell's comments about how long the Fed can hold rates high. What should the Federal Reserve put on its agenda for Jackson Hole? Citi says its time to book profits in high-flying AI equities. The right mix of retirement accounts can lower your future taxes. What happens when your bank isn't really a…
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Chuck Zodda and Mike Armstrong discuss air travel demand is breaking records but airline profits are not. The noncompete clause is moving deeper into limbo. US consumer goods companies are losing upper hand on pricing. Record numbers of Americans are investing in stocks. How are baby boomers still driving the economy? Scammers are swiping billions …
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Chuck Zodda and Mike Armstrong discuss Boeing agress to plead guilty in 737 criminal case. The case for September rate cuts builds after slower jobs data. Jerome Powell is set to testify as inflation and hiring cools. People are starting to feel stuck in their jobs. Bosses are starting to worry. This earnings season will test investors faith in big…
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Mike Armstrong and Marc Fandetti discuss why this weekend is a make or break moment for the democrats and Joe Biden. Have markets already priced in the 2024 race? JPMorgan is warning customers that they might have to start paying for the privilage of using a checking account. What is the major mistake most people making over $100k are making? Paul …
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Mike Armstrong and Marc Fandetti react to the June Jobs Report that showed the unemployment rate rise to its highest level since October 2021. How will the Fed view the latest jobs report? Does the McDonald's $5 meal tell us where prices are headed? Will apartments be the next real estate business to struggle? Wall Street's biggest bear is out in t…
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Paul Lane and Marc Fandetti wonder if property taxes are squeezing out Massachusetts homeowners. The most expensive state for single people is not California, New York, or Hawaii. Your old clothes could be worth billions. The jiggle is up: Bosses bust workers who fake computer activity. What will the Boston Celtics sell for? Fourth of July parties …
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Paul Lane and Marc Fandetti are not surprised to see private payrolls growing by less than expected. The 10-year Treasury yield continues to fall after latest jobs data shows further weakness. Traders are flocking to a Trump-fueled bet on higher US bond yields. The underground network sneaking Nvidia chips into China. Climate change is pushing up f…
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In this episode, Prof. William Goetzmann joins host Larry Siegel to discuss financial archeology, and how the early history of financial institutions can inform modern practices. William N. Goetzmann is the Edwin J. Beinecke Professor of Finance and Management Studies at the Yale School of Management, and executive editor of the Financial Analysts …
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Mike Armstrong and Paul Lane discuss the reasons why the Apple Watch has become a favorite tool for doctors. Corey Adams from Robert Half joins the show to chat about Robert Half's recent employment survey. When will teenagers start working again? Mayor Wu's tax proposal raises big question from small business owners. The lawsuit against 'Roaring K…
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Mike Armstrong and Paul Lane breakdown the JOLTS report for May and point out some concerning signs. What does a Trump mean for bonds? Wall Street has an idea. What is 'upflation' and why is it driving up prices for US consumers? Oil prices hit a two-month high due to ongoing mid-east conflicts and hurricane season. Tesla deliveries beat estimates …
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Mike Armstrong and Paul Lane take a look at why New York City wasted $700M trying to solve the city's traffic problem. From Food Halls to special laws, restraurants and landlords get creative to avoid paying $600,000 for a liquor license. The tech industry wants to lock up nuclear power for AI. Fast-Food giants go to battle over value meals. 24-Hou…
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Mike Armstrong and Paul discuss the biggest economic concerns they have outside of inflation. Even a slowly cooling labor market often ends with a recession. Rising government debt threatens financial stability. Boeing scoops up Spirit AeroSystems in a $4.7B deal. China's central bank moves to address bond frenzy. Chewy shares whipsaw after Keith G…
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Mike Armstrong and Marc Fandetti discuss the current problem with America's housing market and wonder if it is warping the economy. Why is the US economy benefiting from the pressure effect? Shopping for a car this weekend will require and old school approach. Paul LaMonica joins the show to chat about Constellation Energy and why former dividend p…
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Mike Armstrong and Marc Fandetti react to the PCE data that showed inflation rose 2.6% in May from a year ago. What were the economic takeaways from last night's debate? Why markets aren't dramatically impacted by presidential debates. AI frenzy propels stocks to a monster first half. Wall Street seems calm. A closer look shows something else. Why …
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Mike Armstrong and Marc Fandetti take a look at why even high earners are concerned about making ends meet. Walgreens plans major US store closures. 55-year old Americans are 'critically underprepared' for retirement, survey finds. Could this be the top of the housing market? Nearly half of American EV owners plan to switch back to gas-powered cars…
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Mike Armstrong and Marc Fandetti preview the economic elements of tonight's presidential debate. Economists are worried about both candidates ideas for extended tariffs. What is the real reason we should worry about the ever-growing budget deficit? Small business's are keeping the labor market going. Micron declines after missing on expectations.…
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Paul Lane and Marc Fandetti break down why the economy is doing well and pushback against those who think the economy is terrible right now. Housing sector slump persists, with little relief in sight. For American brands worried about China is India the future? Vanguard sees more 401(k) hardship withdrawals. That may not be a bad thing. YouTube dom…
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Paul Lane and Marc Fandetti take a look at past presidential debates and how impactful they were on markets in the immediate aftermath. Fed's Bowman warns of upside risks to inflation, not time to cut. US auto sales are expected to slow during the second half of 2024. Volkswagen to invest up to $5B into EV maker Rivian. Todd Lutsky stops by for his…
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Mike Armstrong and Paul Lane discuss the labor market's weak spots and why the Fed is very concerend about them. Why did Microsoft get hit with an EU antitrust suit? Paying bills with your credit card can lead to massive mistakes. Are there any Mutual Funds left that are better than ETFs? Why did Apple reject a partnership with Meta? Paramount+ inc…
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Mike Armstrong and Paul Lane discuss Nvidia's recent slide and how investors have dealt with it. Why is this homebuying season the worst in more than a decade? Why did Janet Yellen propose to help boost housing supply? How is Boston preparing to combat a shortage in housing supply? How can Americans chasing high interest rates avoid falling into th…
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Mike Armstrong and Paul Lane discuss why millionaires are leaving Massachusetts and where they are going. Target aims to expand its online market place with Shopify partnership. What does retirement look like when you are using real estate as your primary income source? Investing in sports has arrived. CDK hackers want millions in ransom to end car…
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Mike Armstrong and Paul Lane preview this week's all important PCE release. How did we go from six anticapted rate cuts to only one potential cut? How long can high rates last? Could it be forever? Apple hit by first charges under new European tech law. Holiday travel is booming. Why are airlines doing so badly? China and the EU agree to talks in b…
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