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Consuelo Mack's WealthTrack Preview: Guest: Francois Trahan, Co-Founder, Cornerstone Macro

TedTed
edited June 2018 in Fund Discussions
FYI:
Regards,
Ted
June 14, 2018


Dear WEALTHTRACK Subscriber,

Market leadership is changing. And according to this week’s exclusive WEALTHTRACK guest, even in this unpredictable world, the changes are predictable.

We’ll be joined by Francois Trahan, Co-Founder, Partner and Co-Head of Portfolio Strategy at Cornerstone Macro, a leading macroeconomic, strategy and policy research firm. Trahan was voted to Institutional Investor magazine’s All-America Research Team Hall of Fame for Portfolio Strategy in 2016. He has been ranked number one in the category for 8 of the last 10 years.

Among the many economic statistics Trahan follows, one of his favorites is considered to be one of the most reliable leading indicators for assessing the state of the economy. It is the Purchasing Manager’s Index (PMI), a monthly survey of the people who buy supplies for the nation’s manufacturers.

A reading above 50 signifies expansion and a reading below 50 signifies contraction.
After its recent peak, just over 60 in February, the PMI has zig zagged lower but is still at historically high levels well above 50.

So why is Trahan telling clients it is signaling an important change and it’s time to shift investment strategy? We’ll find out.

If you’d like to see the show before it airs on television it is available to our PREMIUM subscribers right now. We also have an EXTRA interview with Trahan about the importance of keeping an open mind! You’ll find it exclusively on our website.

WEALTHTRACK is also available online. If you are unable to join us for the show on television, you can watch it on our website, WealthTrack.com, or by subscribing to our YouTube Channel. You can find the WEALTHTRACK podcast on TuneIn, Stitcher, and SoundCloud, as well as iTunes. Find out more on the WEALTHTRACK Podcast page.

As always, thank you for watching. Have a great Father’s Day weekend and make the week ahead a profitable and a productive one.

Best regards,

Consuelo

Video Clip:

Comments

  • AndyJ
    edited June 2018
    Another excellent interview with macro-man F. Trahan, this one on the playout of this business cycle. Cornerstone's basic story (somewhat similar to the one being told at ECRI): leading indicators have rolled over, pointing to a potential slowdown and a shift to risk-off sometime in 2019.

    In the meantime, Cornerstone is telling clients to stick with the somewhat limited universe of equities that are still experiencing solid growth, with less attention than normal to valuation.

    Lots of good detail in the piece ...
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