Marc To Markets

Send us Fan Mail On this episode, I’m joined by a panel of sports broadcasters to discuss how the cancellation of sports is impacting both the national mood and the calendar. Tune in to hear our thoughts on how sports should resume in the near future, if and when they do. This episode features: CBS sports broadcaster, Andrew Catalon, whose assignments include the NFL & The Masters; Damon Amend...

Send us Fan Mail On this episode I discuss the market turmoil related to the Coronavirus and how to manage a financial plan through a bear market.  This episode is the replay of a client call from March 30, 2020.      With any questions or comments or to discuss your specific situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655. The information presented and opinions expresse...

Send us Fan Mail On this episode I discuss the market turmoil related to the Coronavirus.  This episode is the replay of a client call from March 16, 2020.    With any questions or comments, I can be reached at marc.penziner@bernstein.com or 212-969-6655. The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBerns...

Send us Fan Mail On this episode I'm joined by Bernstein Chief US Economist Eric Winograd. Eric and I discuss the economic implications of the Coronavirus. Eric talks about what central banks and governments can and can't do to stabilize markets and the economy. He also shares his outlook for interest rates. We then move to a broader discussion about the intersection of politics and econ...

Send us Fan Mail On this episode I do a deep dive into cancer today.   Ellen Neylon, from the Center for Lymphoid Malignancies, talks about what to do should you or someone you know be diagnosed with the disease ( 5:09 ).  I’m then joined by Adam Waldman, an executive at TG Therapeutics, to discuss the most exciting advances in cancer treatment, and why he and others believe we are at inflection p...

Send us Fan Mail On this episode, I switch places and answer questions from Client Advisor, Amanda Beebe about the markets and economy.   We cover an eventful year, starting with what I got right and wrong in my predictions for 2019.   I discuss where stock and bond markets stand now and what you can expect over the next 12 months.  Amanda asks what has me worried for 2020?  We finish with a discu...

Send us Fan Mail On this episode, we cover IPOs from the perspective of the investor and from individuals who work at or own a private company that is going public. In Part I, I’m joined by Matt Palazzolo, a Senior Investment Strategist at Bernstein, to explain what an IPO is and how investors should think about them (0:00-12:00). In Part II, I discuss with Jonah Gruda, a Partner in the Private Cl...

Send us Fan Mail On this episode we discuss the importance of financial modeling.   People use everything from Excel, to simplistic Apps, to high end models.   What are the pros and cons of these different models?  How important is having a financial model and what is the right type of model for you?   We discuss how a sophisticated modeling can be used for charitable and legacy planning, optimal...

Send us Fan Mail One of the most discussed topics in recent years is the rise in Artificial Intelligence (AI) and machine learning.   I'm joined by Senior Investment Strategist, Paul Robertson, to understand what AI is, and how companies are using it to increase profitability.  Paul explains that it is not just tech companies, but even more traditional companies like McDonald’s that are lever...

Send us Fan Mail With the new school year upon us I thought I'd take the podcast back to school for Finance 101.  I'm joined by Damon Amendolara of CBS Radio to discuss some of the most important and practical parts of your financial plan.   We cover how much cash to keep in the bank, how to think about student and credit card debt, saving for college, the right size of your mortgage, th...

Send us Fan Mail Youth sports is an enormous industry.  Childhood athletics is no longer just signing up for town rec soccer, little league, or a bunch of teenagers playing basketball at the local court.  If you are a parent or a grandparent, you will be interested in my discussion on the culture of youth sports.  I chat with Jason Sacks, Executive Vice President of the Positive Coaching Alliance,...

Send us Fan Mail Join me as I reflect on the first half of 2019.   I review how my expectations for the year have played out so far and discuss why following the markets too closely can impact your ability to maintain the right long-term strategy. I emphasize why not all "buy/sell" advice is appropriate for everyone and how best to be prepared for the second half of the year.      With a...

Send us Fan Mail We cover the industry from the operator, investor, and legal perspective.  Cannabis is one of the fastest growing industries in the country, but faces a maze of regulatory hurdles.   I’m joined by Jason Klein - Chair of the Cannabis Law department at Offit Kurman; Dan Dolgin - Co Founder of Eaton Hemp; and Moira McLachlan - Senior Portfolio Manager at Bernstein to understand the e...

Send us Fan Mail Earlier this month I was joined in New York City for a lunch and learn with Ted Merwin, the author of the book Pastrami on Rye: The History of the Jewish Deli.   This episode is the recording of that discussion.   Ted covers the origin of the deli, its place in greater New York City culture, expansion around the country, the slow end of the deli era, and what he believes the futur...

Send us Fan Mail This month, we focus on the bond market and interest rates. I’m joined by Matt Norton, Co-Head of Municipal Investing at Bernstein. Matt shares his forecast for interest rates and how best to position a bond portfolio in this environment.  We talk about the pros and cons of a laddered bond portfolio.   Matt shares his views on the stability of state and local government finances. ...

Send us Fan Mail On a special Marc to Markets we go about as far away from finance as possible.  I break down College Basketball's March Madness Tournament with Damon Amendolara, host CBS Sports Radio's The D.A. Show, and Dave Friedman, Play-By-Play announcer of Winthrop Basketball and mid-major conference broadcasting legend.  We talk about the types of different pools, scoring systems,...

Send us Fan Mail This month, we take a deep dive into philanthropy and not-for-profit organizations. I’m joined by Hillel Hyman, CFO of the Marlene Meyerson JCC Manhattan; Peter Dunn, President and CEO of the Central NY Community Foundation; and Seth Buchwald, a Principal at Bernstein and non-profit specialist. What is the best way to donate wealth, talent, and time to charity? For those already a...

Send us Fan Mail Millennials are rapidly becoming the largest demographic in the country.   They are already changing everything from the way we work, to how we communicate, to how we shop.  On this episode I talk with Paul Robertson, a Senior Portfolio Manager at Bernstein, to learn about who they are, what they want, and what makes them different than prior generations.  We discuss how understan...

Send us Fan Mail On this episode, I switch places and answer questions from Client Advisor, Amanda Beebe about the markets and economy.   We cover an eventful year, starting with what I got right and wrong in my predictions for 2018.   I discuss where stock and bond markets stand now and what you can expect over the next 12 months.  I also preview upcoming episodes of Marc to Markets in 2019.  Wit...

Send us Fan Mail On this episode I chat with Kent Spellman, Co-Founder of Hard Eight Trading, a global proprietary trading firm based in Chicago.   Kent and I discuss how the trading of stocks has changed from the old days on the floor of an exchange.   We talk about how computers and high frequency trading are changing market risk.  Are these types of traders good or bad for the market?  Kent sha...

Send us Fan Mail On this episode I'm joined by Paul Benjamin, former Director of Investments at Alcoa.  At Alcoa he was responsible for asset allocation, manager selection and risk management of Alcoa’s $7+ Billion in global Pension and Foundation assets. Paul was named by CIO magazine one of the institutional investment Industry’s 40-under-forty. We discuss the October correction and where w...

Send us Fan Mail On this episode I'm joined by Fred Schulman, Managing Partner of the Schulman Blitz Law Firm.  We discuss how to use insurance to best protect yourself and your family, the most important type of insurance most people do not know about and insurance companies don't tell you about, what do you if someone you know has been injured in an accident, statute of limitations, ty...

Send us Fan Mail On this episode we talk about the idea of sustainable investing. It is a common buzzword thrown out in the investment world today, but what does it mean, and how do you even do it? I’m joined by research analyst Joe Sun to talk about how his sustainable and thematic growth research team addresses the issue. We look into what makes a company qualify as sustainable, and who are the...

Send us Fan Mail On this episode I'm joined by Amanda Beebe, Senior Associate at Bernstein Private Wealth Management. We discuss how the essence of human nature leads people to be much worse at managing money than anticipated. We share research on how the mind can be lazy and lead investors to bad conclusions, especially when it involves evaluating risk and return. We cover why people so deep...

Send us Fan Mail On this episode we talk about China’s changing landscape, potential trade wars, and investment opportunity. Jim Murphy, Senior Portfolio Manager at Bernstein, explains the firm’s differentiated view of China and what our research is uncovering that might not be captured in today’s headlines. Then I’m are joined by Michael Mendel, CEO of Maytex, who has done business in China since...