Simon cautions on overreacting to the post-election move in stocks. History suggests market outcomes can shift significantly over a presidential term. History also suggests other factors can be more impactful than Washington policy and that stocks over the past 15 years have produced similar annualized returns over various administrations. He notes that company earnings, stock valuations and current bond yields could ultimately influence investor portfolios to a greater degree. He then highlights the latest news flow from ABBV, MRK, AMZN, AAPL, CVX.   The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees. This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results. Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors. Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.

While the Fed continued on its path of easing interest rates, this week was all about the election and the market rallied in a historic way. On this weeks show we look at what it’s pricing in, what it’s not, and what this all means for our investments in 2025.     The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.   

Simon follows up on recent forecasts from several prominent investment firms for subdued S&P 500 returns over the coming decade. He echoes their concern around market concentration and suggests the “average stock” could perform much better than in recent years, especially relative to the broad market averages. He offers the same could potentially be true for bonds as they try to emerge from their largest drawdown in 150 years. Diversifying away from U.S. Large Cap Growth may actually start to help portfolio returns. He also examines recent quarterly results from ABBV, GOOGL, MSFT and V.    WIG Stocks: ABBV, GOOGL, MSFT and V    The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

A major Wall Street firm updated their forecast for the next 10 years and laid out their reasons to believe the stock market will trail inflation on average for that decade. On today’s show, we look at the details of that report, why it has merit, and why it’s not a big problem.    The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees. This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results. Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors. Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.

  In this episode of the Wise Investor Show, Ann Summerson and Nick Sorden dive into the evolution of retirement accounts and the strategies that have shaped our savings habits. Ever heard of the “deferral trap”? Ann and Nick explore how tax-deferred accounts might not be the golden ticket we once thought. They discuss the history of IRAs, the rise of 401(k)s, and the benefits of Roth IRAs. Tune in to learn how to navigate the complexities of retirement planning, avoid common pitfalls, and make the most of your savings. Whether you’re just starting out or nearing retirement, this episode is packed with valuable insights to help you secure your financial future.    Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of Raymond James & Associates, Inc., we are not qualified to render advice on tax or legal matters. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.  

Simon considers the recent turn towards cyclical stocks and higher bond yields that have fooled consensus positioning. He cautions against blindly relying on forecasts of any kind and, instead, focusing on bottom-line fundamentals including the sustainability of record corporate profit margins. He also examines economic, stock market and stock market sector performance under Democratic and Republican administrations going back to Truman and how perilous it can be to position in line with political leanings. He provides updates on MRK, KVUE and STZ and how they look interesting in light of the current rotation away from defensive names.     WIG Stocks: MRK, KVUE, STZ  Non-WIG Stocks: n/a    The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

There’s a sector twice the size of the 2008 subprime loan market that may be getting paid to ignore risks. This week, we’ll look at what’s happening there, as well as a economic push we’re getting from China and then the details of a specific stock.   The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

Warren Buffett quipped that, “if understanding history was all it took to be successful, librarians would be the wealthiest investors.” Simon discusses how precedent is important to consider with respect to Fed rate cuts, but that investors should be prepared for a wide variety of potential outcomes. He also offers how to think about bonds now that yields have front-run further Fed cuts. He then highlights some of the recent news flow from NKE, JNJ, KVUE and V.    WIG Stocks: NKE, JNJ, KVUE and V  Non-WIG Stocks: N/A    The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

This week we got the historic first rate cut that will appear on economic charts for hundreds of years to come. We may have come in for a soft landing, but where are we? This week we’ll look at what comes next for the markets, how some assets don’t perform as you might expect as rates head lower, and what to expect next from the Fed.     The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.

You’ve realized that you have more money than you will ever need to spend.  Financial Planner, Matt Anderson, discusses some giving ideas that will make a meaningful impact in your descendants lives now rather than later.  Topics include financial giving to help with educational funding, Roth IRAs, Health Savings Accounts and the purchase of a home and non-financial gifts of family trips and financial mentorship.    The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.

Simon cautions on reacting to headlines and anecdotes without the proper context. He then examines the notable shift in market leadership and suggests it has historical, fundamental and technical underpinnings. He also encourages investors to think about their cash position, how much makes sense to maintain and offers some thoughts on bond positioning in a diversified portfolio. He considers the divergence of opinion around two of the “Magnificent 7” names and whether the prospects for each could emerge differently than consensus expects.    WIG names: GOOGL  Non-WIG names: NVDA  The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

Interest rates are still on everyone’s mind, but the Fed has shown their hand and now actual earnings are taking the wheel and driving the markets. This week we’ll look at the market’s internals, valuations, and scrutinize the sustainability of these results, and then look at a contrarian case with a lot of [expensive] egg on their face. The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees. This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results. Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors. Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.

Simon examines the V-shaped moves in both stocks and volatility and counsels against overreacting to headlines. He discusses how challenging it is to forecast recessions and that investors are better off focusing on corporate fundamentals. He also looks at historical stock performance following an initial Fed rate cut. He reviews the current case for three “value” names: NKE, GPC and CSCO.   The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees. This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results. Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors. Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.

The markets had a short lived period of volatility and a bit of a selloff, before quickly recovering. But, don’t let the pundits blame the usual suspects. Instead, this week we’ll look at what really happened and what really matters going forward.  The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

Simon discusses how markets became too complacent and consensus thinking too one-directional, which made them highly susceptible to changing news flow. He references the resulting historically large spike in volatility and identifies the fear of a stubborn, behind the curve Fed as the main culprit. Simon suggests it is too early to tell whether fears are justified or if this turns out to be a “growth scare” similar to what unfolded in 2022. He suggests investors remain flexible, focus on corporate fundamentals includes strong profit margins and avoid the temptation to be reactionary in their decision making. He highlights the latest earnings reports from PSN, APTV, MSFT, AMZN, ABBV, MRK.    WIG Names: PSN, APTV, MSFT, AMZN, ABBV, MRK    The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

This week we’ll look at the very real threat of negative real returns when buying fixed income, how to think about them and how to combat them. Also, another large loaming debt risk in the US that threatens to rock the market.  Stocks mentioned: VICI  The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

Simon discusses the massive market rotation underway and suggests it is mostly the result of extreme positioning. He cautions on how hard it is to predict trigger points and reinforces the merits of being patient with portfolio diversification. He also mentions how there is historical precedent for the recent political turmoil and offers that investors should not overreact to recent news flow. He reviews the recent quarterly reports from UNH, T, DHR and V.    WIG Names Discussed: UNH, T, DHR, V    The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

This week, we look at a remarkable shift in trading this month, as a rotation from what’s driven the markets to a long neglected area has taken hold. We’ll look at why it’s likely an unsustainable trend, and also shift our focus to a looming problem that could really spell trouble for the markets over the next year.   The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.

Simon examines the current backdrop and how resilient corporate fundamentals remain an encouraging tailwind for stock prices. He does suggest some economic cracks are forming that need to be monitored. He also looks at some of the historic extremes in terms of market concentration and performance dispersion. He suggests investors maintain portfolio balance and take time to understand their exposures.    The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

This week, we celebrate America’s 248th birthday by pointing out how wrong both leading presidential candidates are about the economy and then introduce a new stock to our portfolio.     The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

This week, Greg Smith offers the Financial Planning side of the Wise Investor Group® of Raymond James, as he highlights a retirement planning concept to help you take advantage of the extended required minimum distribution age, as well as a strategy to better harness and unlock the tax benefits of the charitable giving you may already be contributing.      The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.

This week, we summarize the first half of 2024 by explaining, only partially tongue in cheek, how AI will solve our inflation problems and lead to lower interest rates.     The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

Simon discusses how asset class performance has become increasingly concentrated in U.S. Large Cap Growth and narrowed even further recently to just a handful of names. Some of this has been justified by outsized profit contribution but the divergence may have gone too far. He suggests that diversification may still have its merits and be important for risk management. He also highlights the latest news flow from AVGO and AAPL, as well as a new name to consider, PSN.    WIG Stocks: PSN, AVGO, AAPL    Non-WIG Stocks: NVDA    The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

This week we speculate about the jobs report, look at leading indicators, and revisit the effect higher rates will have on corporate debt and its impact on earnings after looking at the data.      The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

Simon highlights how we are constantly bombarded with headlines, news flow and outright rumors that often require a reality check. At the very least, many ideas are presented superficially without the proper context and are likely not as well understood as they should be. He provides numerous examples from the macro-economic landscape and current character of the stock market.     The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

On this week’s show, we look at the tsunami of AI talk, AI investing, and the tidal wave of debt coming due and what that could mean for many years to come.     The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

Simon provides ten reasons why stock market optimism remains the most appropriate base case. He looks at the current character of the market, historical precedent, the state of the economy and corporate fundamentals to justify his position. He also highlights recent quarterly earnings reports from Apple, Kenvue and Aptiv. Stocks discussed in this episode: AAPL, KVUE, APTV The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees. This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results. Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors. Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.

After a week characterized by FactSet as uneventful, the show takes a departure this week, with a look at one of the biggest scams in history. We look at the resolution of the FTX bankruptcy and how the small investor is still left out in the cold.   The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

Simon discusses how recent stock price reactions to earnings reports and an incrementally more hawkish Fed demonstrate to what extent news flow itself often matters less to financial markets than news flow relative to expectations. He places the current mini-correction in context, comments on what we have learned during this earnings reporting season and offers some reasons why the macro-economic picture might be better than the headlines suggest. He highlights encouraging earnings reports from AMZN, ABBV and T.    WIG Stocks Covered: AMZN, ABBV, T    Non-WIG Stocks Covered: None    The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

The wind has been taken out of the interest rate cut sails and it’s now time to start rowing and it’s earnings season, so this week we’ll focus on the results for three stocks and what we expect from them in this challenging market environment.     The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

In today’s show, Matt Anderson talks about why you might not want to max out your pre-tax retirement accounts.  He discusses the importance of account diversification; specifically, the importance of having an after-tax source of funds in retirement.   Doing so provides you with the flexibility to take full advantage of planning opportunities in retirement.  In early retirement, you won’t have to contend with the 10% early withdrawal penalty from IRAs and qualified retirement accounts and can maximize Obamacare premium subsidies.  An after-tax source of funds may also provide some protection against rising federal income tax rates in the future.  In addition, you will reap the rewards of the 0% capital gains tax on long term capital gains and dividends, open up Roth conversion opportunities and provide options for delaying Social Security.        The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

Simon discusses how a correction could unfold at any time, but that we should not fear volatility in the context of a strong uptrend and resilient economic backdrop. He notes how the obsession with interest rates and the “Magnificent 7” could be obfuscating the improving breadth of the market. There are fundamental underpinnings for the shift from less demanding valuations and improving earnings estimates. He also encourages investors to consider the increasing competitiveness of bonds that now offer some of the best yields in at least two decades. He then reviews the latest news flow from STZ, COST and UPS. The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees. This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results. Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors. Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.

It’s hard to name that tune in three notes, because it’s always changing. This week, we look at the changing narrative from cuts to no cuts, from weak China to strong China, and from the US guiding EU policy to EU guiding US policy. All this has led to the worst week in the DJIA in over a year and we’ll examine it on this week’s show. The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees. This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results. Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors. Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.

Simon discusses how the intense focus on Artificial Intelligence-related themes and the Fed is obscuring other bullish narratives such as improving market breadth, rising earnings estimates and still cautious retail investor positioning. He also looks at the potential for future bond returns to be very competitive with what we might reasonably expect from stocks. He offers a primer on how to understand individual bond particulars. Simon then suggests how MRK,GOOGL and T, for very different reasons, could be potential values at current valuations.    WIG Stocks: MRK, GOOGL, T  Non-WIG Stocks: N/A    The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

Japan’s one of the world’s biggest and most important economies and their conflicting policies have been reliable for many decades, until this week. On this week’s show we’ll look at if that’ll turn us round and round and talk about the impact of some artificial intelligence developments on our portfolio.   AVGO  TSCO    The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.   

Simon discusses the recent surge in Nvidia’s stock price and how it is important to understand what the current valuation demands in terms of future growth. Simon acknowledges that the market could be due for a pause, but offers ten solid reasons why investors should still consider an optimistic base case. He also highlights the most recent earnings reports from COST and AVGO.    WIG Stocks: COST, AVGO    Non-WIG Stocks: NVDA    The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

The Markets keep rolling but are giving up on the previous narrative and finding new reasons to rally higher. We’ll look at the new information, what to expect later this year, and give an update on a portfolio holding.    The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

Simon discusses how history suggests recent market strength will beget future strength but that stretched valuations should temper enthusiasm. He also relates how the dominance of the largest weights in the S&P 500 has further narrowed and that investors should both understand what they own and think about diversification. He highlights MDLZ, KO and VICI as names to consider in currently out-of-favor sectors.     WIG names discussed: MDLZ, KO, VICI    Non-WIG names discussed: NVDA    The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

This week, monetary policy takes a backseat to earnings results and we look at one of the world’s largest retailers to see what it can tell us about the health of the consumer and the price of blackberries. The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees. This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results. Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors. Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.

Write-Up: Simon discusses how the market is susceptible to a shock and was wrong-footed by the recent hot CPI print. He references some of the current extreme positioning in the market and how a reversion to the mean in terms of what sectors and styles are favored could be in store. He suggests that the ultimate path for both inflation and rates is still likely to be down but that it may be a bumpy ride. He also highlights the recent earnings reports from ABBV, CVX, KVUE and AMZN.  WIG Stocks mentioned: ABBV, CVX, KVUE and AMZN  Non-WIG stocks mentioned: NVDA  The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

With the Fed still front and center, the importance of earnings season and forward guidance has its say in the markets this month. We really may be turning the quarter for interest rates and earnings growth, despite some prevailing negative macro sentiments. We’ll review it all, along with two specific stocks on this week’s show.   The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees. This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results. Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors. Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.

Simon laments how investors are more informed than ever but are not necessarily wiser given the ever-present barrage of misleading, sensationalist and inflammatory headlines. He offers a dozen observations on the economy and financial markets that investors should understand in order to make prudent decisions going forward. He also highlights recent quarterly earnings reports from UPS, MSFT and DHR. The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees. This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results. Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors. Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.

It’s a bit early but for the financial markets, this Friday was Groundhog Day. We got the best indication if the Fed would see its shadow or not and if we’d soon see interest rate cuts or a longer cold period of higher inflation. On this week’s show we look at the results and how we can have so much pressure higher on inflation but still see a resolution of a soft landing. The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees. This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results. Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors. Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.

Simon discusses how in many ways 2023 was the polar opposite of 2022, and the early trends so far this year are contrary to how markets closed a few weeks ago. The markets will fool most of the people, most of the time. He updates on what to expect with 4th quarter earnings reports. Simon also shares some thoughts on the challenging realties of portfolio diversification and how the US consumer is better positioned today than before recessionary periods in recent history. He reviews the latest earnings updates from JPM, TFC and UNH.   The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees. This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results. Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors. Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.

On this week’s podcast, we look at the other side of monetary policy’s fight against inflation, quantitative tightening. The street’s now looking to pivot off of the pivot, back to neutral, from the recent efforts to reduce the Fed’s balance sheet. We’ll explain how this works and what it means, and then a quick review of one of our top holdings.     The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees.  This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results.  Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors.  Raymond James and Associates, Inc., member New York Stock Exchange, SIPC. 

Simon discusses how patient, longer term-thinking clients may have bested those tethered to overly confident macro-economic forecasts last year. So far here in 2024, we have already seen different leadership from what dominated over most of the past 12 months. Remaining diversified, flexible and humble still seems prudent especially considering how the “soft landing” expectation has become consensus (and possible already discounted). He also identifies some key questions to focus on this year. Lastly, Simon considers the case for UNH as a core Healthcare holding. Stocks discussed: AAPL, UNH.   The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees. This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results. Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors. Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.    

Investors have been naughty and nice since the end of October, and on this week’s podcast, we wrap up 2023 by going back and forth between two Wall Street forecasts for 2024 that couldn’t be more different. We look at their common ground and try to figure out who to believe and how to position our portfolios for the new year. The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees. This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results. Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors. Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.  

Simon identifies six current misperceptions he feels could be injurious to sound portfolio management in 2024. He discusses such potential pitfalls as not believing enough in the power of market momentum, overweighting the influence of the Fed, and ascribing too much importance to the influence of the President on market direction. Stocks mentioned: COST, CVX The information contained in this podcast represents the opinions of the hosts and guests and does not necessarily represent the views of Raymond James and Associates, Inc., The Wise Investor Group, or their respective affiliates and employees. This podcast is for investor educational purposes only and is not intended to provide, and should not be relied on for, investment advice. The contents of this podcast do not purport to constitute a comprehensive summary of all information necessary to base an investment decision. Past performance is not a guarantee of future results. Securities mentioned in this podcast may not be suitable for all investors. Seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your individual situation. Discuss any tax or legal matters with the appropriate professional advisors. Raymond James and Associates, Inc., member New York Stock Exchange, SIPC.