We continue WEALTHTRACK annual tradition of discussing the outlook for the economy, business, policy and markets with Evercore ISI’s Chairman, Ed Hyman, Wall Street’s reigning number one economist for an unprecedented 35 years running. Hyman will be joined by another exclusive guest, New York Life’s Vice Chairman and Chief Investment Officer, John Kim who oversees over $500 billion in assets at the life insurer, one of the oldest and largest in the world.?In this first of a two part series, Hyman and Kim will focus on the outlook for the U.S. economy and markets.
KIM: ATTRACTIVE OPPORTUNITIES
– Mid-Cap U.S. stocks: Consider a Mid-Cap ETF such as: SPDR S&P MidCap 400 ETF (MDY)
– Regional U.S. banks: Consider a regional bank ETF such as: SPDR S&P Regional Banking ETF (KRE)
Baupost's investment process involves "never-ending" gleaning of facts to help support investment ideas Seth Klarman writes in his end-of-year letter to investors. In the letter, a copy of which ValueWalk has been able to review, the value investor describes the Baupost Group's process to identify ideas and answer the most critical questions about its potential Read More
HYMAN: APPRECIATING ASSETS
– Buy assets you like such as stocks, real estate – Don’t sit on cash
KIM: LOWER MARKET RISK
John Kim, Vice Chairman and Chief Investment Officer of New York Life Insurance Company oversees more than $500 billion in assets at the company’s Investments Group, including an expanding portfolio of Alternative Investment management boutiques and funds. What role do alternatives investments, such as hedge funds have in New York Life portfolios?
ED HYMAN: COMMODITY SUPERCYCLE
In our exclusive conversation with Wall Street’s long reigning number one economist, Ed Hyman and New York Life’s Chief Investment Officer John Kim we discussed the dramatic drop in the price of oil and other commodities. Hyman, Chairman of Evercore ISI weighs in on the much heralded end of the commodity super cycle.