Rates Higher for Longer John Lekas – CEO and Senior Portfolio ManagerNovember 23, 2022 Interest rates will be higher for longer in our view and conversely, the market will be in the doldrums for longer. “Do not fight the Fed”.…
John Lekas – CEO and Senior Portfolio ManagerSeptember 30th, 2022 We believe the markets giving back most of the pandemic trade. Earnings could potentially prompt higher unemployment as companies try to keep earnings from declining. In our opinion, the U-3…
John Lekas – CEO & Portfolio ManagerAugust 31st, 2022 Most people can’t remember back to 2008 when Floating Rate Funds seized up and dropped 50% and closed their funds for redemptions. This could happen again! Most investors still have not…
John Lekas – CEO & Portfolio MangerJuly 29th, 2022 Three things are driving the market between now and 1/1/2023. 1. Unemployment (most important)2. The Fed3. The War & Policy Unemployment (Most Important) The negative correlation between unemployment and equity markets…
John Lekas – CEO & Portfolio ManagerJune 29th, 2022 Last Sunday I went to get hanging plants at Fred Myer supermarket. The open gate at the Garden Center was locked which is unusual so I inquired why? The gentleman explained…
1.19.2022 False Alarm We believe the fed will not raise rates this year more than two times. It’s not necessary and it’s an election year. Our Reasoning is as follows: We believe raising rates 4 times or more will lead to…
We had exceptional performance in our fiscal year 2020 due to the dislocation that came from Covid-19. In addition, our exposure to oil and gas particularly in the form of shrinking supply in both oil and gas markets moved prices higher.…
President Trump Should Make Nice with Jerome Powell By John Lekas, Leader Capital The fear of the economic effects of the coronavirus is spreading far faster than the bug itself. Big headlines blared over the weekend that the virus now…
One Scary Scenario for What Could Go Wrong By John Lekas, Leader Capital A friend of mine was bragging the other day about the returns in the “529” college investment fund he set up years ago for his daughter: up…
Brace for good gains and jarring volatility in 2020 By John Lekas, Leader Capital Market pundits are in a race to coin the perfect banner for the next decade: the Roaring Twenties has been done, how about the Soaring Twenties?…