Trump Trade
John Lekas – CEO & Senior Portfolio Manager November 18th, 2024 We continue to believe that a low-dollar policy is in place. With Trump in office, it is almost certain that fiscal and monetary policies will move in tandem. The issue of extending duration here is complex and may not be correlated to past Federal Reserve postures. We project that…
Will the Fed Lower This Year?
John Lekas – CEO and Senior Portfolio Manager August 20th, 2024 Currently, the United States’ debt-to-GDP ratio is approximately 143%, while China’s is approximately 297%. As the national debt for the U.S. and China reaches these levels, it becomes a race to the bottom for currencies because we cannot pay off our debt. The Federal Reserve would be lowering rates,…
Jamie Dimon Says 8% Fed Funds
John Lekas – CEO & Senior Portfolio Manager April 10th, 2024 We believe there's a lack of recognition regarding the extent of inflation, both in the United States and internationally. The economic ramifications of distributing $7 trillion during the pandemic are big, with a multiplier effect of approximately 7x, totaling around $49 trillion. These effects are still unfolding. If JP…
2024 Market Outlook
John Lekas - CEO and Senior Portfolio Manager February 20th, 2024 Inflation is expected to persist, as previously discussed in our newsletters. Our stance remains unchanged: the Federal Reserve is unlikely to lower interest rates until the unemployment rate (U-3) increases. The wildcard factor is the upcoming election year, and while there may be speculation that Powell could make concessions…
Extending Duration?
John Lekas CEO & Senior Portfolio Manager December 20th, 2023 By extending the duration in our portfolio 100% at this juncture using 10-year treasuries (based on a target rate of 3% in 2024), we would generate approximately 8% in capital gains. Additionally, we would receive a 3.75% coupon, resulting in a total return of 11.75%. Our fund will return around…
Will the Fed Lower This Year?
John Lekas – CEO and Senior Portfolio Manager August 20th, 2024 Currently, the United States’ debt-to-GDP ratio is approximately 143%, while China’s is approximately 297%. As the national debt for…
Jamie Dimon Says 8% Fed Funds
John Lekas – CEO & Senior Portfolio Manager April 10th, 2024 We believe there's a lack of recognition regarding the extent of inflation, both in the United States and internationally.…
Extending Duration?
John Lekas CEO & Senior Portfolio Manager December 20th, 2023 By extending the duration in our portfolio 100% at this juncture using 10-year treasuries (based on a target rate of…
Don’t Fight the Fed
John Lekas CEO September 22nd, 2023 "Don't fight the Fed.” These individuals are academics, not rational business people. The good news is they will inform you of their intentions; there's…
How Bond Funds Have Fared During the Fed’s Rate Hikes
When it came to helping investors navigate recent debt-market turmoil induced by Federal Reserve rate increases, bond-picking fund managers largely came up short. Of almost 2,000 actively managed bond funds…
The Great Fund Face-Off
Leader Capital High-Quality Income Fund was featured in Barron's Mutual Fund Quarty article. Barron's author Lewis…
Portland businessman works to stop the sale of dog meat
John Lekas has retained former Multnomah County Commissioner Loretta Smith to lobby Congress on the…
The Ugliness Of The Lychee And Dog Meat Festival
Help stop the Lychee Massacre. Save tortured dogs. The Lychee and Dog Meat Festival is…
Leader Capital Promotions
“The team at Leader Capital has been crucial to our success over the years,” said…
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