The FarrCast : Wealth Strategies

The end of the quarter sees the markets end up about where they've started -- but the truth is we've had a pretty good year in nine months. Consumer optimism still holds sway. Michael Farr welcomes regular political analyst Dan Mahaffee from the Center for the Study of the Presidency & Congress and William Reinsch from the Center for Strategic and International Studies. Dan breaks down the wee...

Boy was there! Michael Farr talks with Dan Mahaffee to break down the President's approach to Ukraine, the opening of impeachment hearings, and the potential political fallout. Our special guest this week is Heather Long of the Washington Post, the top journalist covering the Federal Reserve in the country and she shares her insights on the decision making engine of the Fed, and thoughts on what c...

Lots of nervousness in the news: Strike at GM, attacks in Saudi Arabia, Fed meeting starting, all the while Brexit and China trade still loom. Don't be nervous -- listen to The FarrCast! In this week's podcast, Michael welcomes regular political analyst Dan Mahaffee and long-time investor and blogger, Haven Pell to the show. Dan gives an overview of what we know now about the Saudi attacks -- and...

The FarrCast is back for Season Three! Michael tells us a story of what happened over the summer, and where the markets stand. Dan Mahaffee and Les Munson join for a look at Washington and The World, and what may be coming next.   Every week the FarrCast brings you experts and insiders for a view of the economic landscape and the politics and policies that shape it. The FarrCast: Wall Street,...

The markets are moving through a summer swoon, and Michael shares his thoughts on what investors should do.  And most importantly -- shouldn't do. It's a summer special FarrFlash -- cool heads are needed in hot times.

It may be our summer hiatus, but we are bringing you weekly updates from Wall Street, Washington, and The World.  Join Michael Farr as he gives his insight into this week's markets movements.  We've backed down from the highs, but this is still an expensive market -- but you can still find value.  In Washington, the debt ceiling negotiations have begun and the Fed convenes in ten da...

It’s a holiday week, but there’s too much going on for the FarrCast to start our summer break just yet! Michael starts with a discussion on the markets with Jim Iuorio. We are at record highs, but there could be danger if we break away from fundamentals. Jim reminds us there is no sure way to time the market – don’t be greedy and rebalance your risk, but remember the markets can stay irrational. P...

Michael welcomes back Stephanie Link to the FarrCast. She reminds us, you can't get obsessed with the day to day and as a long term investor you have to look at the underlying health of the economy. Interest rates are low and employment is strong, so while the growth is slowing. There are so many moving parts, the narrative is always changing, so look for quality.  Dan Mahaffee joins us remotely a...

We’ve got another new FarrCast for you tonight! The markets surged today and we are within 1% of all-time highs. The situation is so desperate that the markets need the Fed to step in to prop the markets up. Well, that doesn’t make sense when you say it out loud, but Michael does his best to explain that what the markets want might not be what the economy needs. Dan Mahaffee joins us to explain th...

The markets roared up this week, but Michael is worried the markets might be a little too ebullient and has talked itself into thinking a Fed cut is coming. And perhaps Chair Powell gave some fuel on that fire. Michael says that pulling the trigger and lowering rates too soon might cause the kind of imbalances that can threaten the bull market. Dan Mahaffee joins for the second segment for a wide...

It’s been a tumultuous week on Wall Street, Washington, and in the World, and the FarrCast is here to try and bring a little insight. We begin with Jim Iuorio from the CME, and he says that it looks like the Fed has the markets back – whether you agree with it or not, it’s a good time to be in equities. But Jim cautions – sometimes selling begets selling, even if there is no real story why. And he...

It’s another great FarrCast this week, and Michael kicks it off with Kenny Polcari. Kenny says investors should be worried, but be aware – the conversation has changed and the negatives can start feeding on themselves. Markets reprice when given new information and the pullback on the change of China trade talks is no surprise. Opportunities can arise because the algos and short term trades usuall...

Welcome to the FarrCast! Markets moved down! Markets moved up! Well, that's what markets do -- Michael reminds that it's buy low, not sell low, that's the idea. The economy, and the markets, are ok, not great, definitely nervous, but ok.   Dan Mahaffee joins us and it's been another interesting week in the Washington, beginning with a legal loss for the President. Dan walks us through the next ste...

It’s a new FarrCast and the markets are swinging back and forth. Volatility is with us and it can be frightening, but Michael reminds us – sell high, buy low. It’s not a time to be chasing markets up then selling as we hit turbulence. Dan Mahaffee gives us insight into what is happening in Beijing as the trade war escalates. China’s historical vision tell them to avoid evening appearing to kowtow...

Jim Iuorio says the pullback is real -- but it's not awful. A shakeout isn't necessarily a bad thing because it exposes weaknesses in the system, and we were comfortably at highs. The technical level that worries Jim is still a distance off -- 2825, and he wouldn't be surprised if we test it. The Fed is still sitting on the sidelines, and Jim is constructive on the rest of the year, but there will...

It's another great FarrCast this week and we kick it off with the return of Kenny Polcari! Markets are drifting upwards. Kenny says a lot of good news is already priced in and be prepared for a stall. Yet even after 25% up from the Christmas lows, Kenny remains productive on the markets. A well designed portfolio should  So much to talk about in DC, and Dan Mahaffee begins with Schumer and Pelosi...

Markets made new highs today and The FarrCast welcomes special guest, Chief Economist from Wells Fargo, Jay Bryson.  We start with an expert trader Steve Weiss. In the short term, markets, Steve says, are about expectations as much as anything. Sentiment turned so sour and the markets lowered expectations so much going into earnings season that the expectations were easy to beat. And so the market...

We start with market expert Jim Iuorio calling in from the floor of the Chicago Mercantile Exchange.  After all of the hand-wringing, the markets are moving higher, and now closing in on the all time highs. Jim says he feels good, and that worries him a little bit. There might not be much more good news to add into the soup. Is there room for disappointment? Jim tells where he the next leg up, why...

It’s a special FarrCast. On this week’s regular show, guest Chris Campbell from Yum Brands China shared some of the details of doing business in China. In the special, Michael welcomes Chris back for an extra segment for a deeper dive. China expert Dan Mahaffee stays on and we learn about making an archtypical American brand – KFC – into a uniquely successful Chinese business. Listen for a fascina...

First up on tonight’s FarrCast it’s Josh Brown from CNBC and Ritholz Wealth Management. Josh and Michael talk about where every investment relationship begins – not with what security to buy, but with what the investor’s goals are. Josh tells why he’s not afraid of a recession, and shares the one thing he is absolutely certain of. (It’s not what you think!)  Next up it’s our senior political analy...

In the past, the yield curve inversion has been a pretty good indicator of a recession. Jim Iuorio joins and explains, technically (but simply) why this time is different. Jim says there isn't much to be scared about -- except other people being scared. Eventually a recession will come, but Jim says right now, the economy is broadly in good shape. He shares his concerns, and what he's watching com...

It’s the FarrCast: Washington, Wall Street and the World! We start on Wall Street as Michael welcomes back Stephanie Link. The markets have twisted and turned as the yield curve has flattened, but Stephanie says it’s no time to panic. She is looking long term and it’s not rosy – but it’s not bad. Michael moves on to Washington and Dan Mahaffee joins to talk about the policy implications of the Mue...

Welcome to another great FarrCast! Michael welcomes back Kenny Polcari. It's been a pretty good year so far, but he expects a little sideways movement. There has been a lot of good news priced in (and the Fed gave the markets some good news today) and there could be some shocks along the way. On the whole, the economy is sound and Kenny says stay the course, and watch for opportunities to buy. For...

Michael welcomes Jack Bouroudjian, legendary trader and economist from UCX in Chicago. When Jack was last with us, it was just before the market bottomed. He told us what the markets needed to turn at Christmas, and he was spot on. He shares what he's looking for next -- and it's something every investor needs to hear. The Speaker says the President isn't worth impeaching; Dan Mahaffee says the De...

Jim Iuorio joins in with a check in on the markets. Listeners to the FarrCast know that when the markets bounced on Christmas Eve, there would be a pause in the rally about 2645 (and there was) and then at 2800 (and here we are.) Jim says to break higher we need two things: a real (even if incomplete) agreement with China, AND the Fed doesn't re-pivot and turn hawkish. If we see a "grace period" J...