The Disciplined Investor

Good news, bad new - earnings season provides insights. Covid worries dominate the tape. The Fed digs in and stays put. Thinking hard about complacency levels and what to do now. Join clients from over 200 countries and territories to invest globally in Stocks, Options, Futures, Forex, Bonds and Funds from a single integrated account at the lowest cost at IBKR.com Learn More at http://www.ibkr.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Friday Pre-Market Run-Down Webinar Registration - https://www.triggercharts.com/webinar-pre-market-rundown-fridays/ Stocks mentioned in this episode: (DIDI), (FXI), (AMZN), (CROX), (BABA), (SPY), (IWM)

Bezos up in space! But back home, bond yields keep coming down. A resurgence of the pandemic trade moves investors to take cover. Frank Curzio can be reached by email at frank@curzioresearch.com Frank Curzio is an equity analyst with close to two decades of experience covering small- and mid-cap stocks. Check out his newsletters. (Free trial subscriptions available) He has been the editor of several well respected newsletters with major companies as well on of the top performers with TheStreet.com where he significantly outperformed the markets during his tenure. He was also a research analyst for Jim Cramer. Frank is the host of Wall Street Unplugged. Frank has been a guest on various media outlets including Fox Business News, CNBC's The Kudlow Report and CNBC's The Call. He has also been mentioned numerous times on Jim Cramer'ss Mad Money, is a featured guest on CNN Radio and has been quoted in financial magazines and websites. Before TheStreet.com, Frank was the editor of The FXC Newsletter and received one of the top rankings by Hulbert's Financial Digest for risk-adjusted performance. Follow @frankcurzio Join clients from over 200 countries and territories to invest globally in Stocks, Options, Futures, Forex, Bonds and Funds from a single integrated account at the lowest cost at IBKR.com Learn More at http://www.ibkr.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Friday Pre-Market Run-Down Webinar Registration - https://www.triggercharts.com/webinar-pre-market-rundown-fridays/ Stocks mentioned in this episode: (DAL), (HLT), (SPY), (NCLH)

Smallcaps crushed. EYE popping Inflation The Fed is Oblivious - while twisting the story. Yellen is out there pumping and sellin' - we get to the bottom of what we think is really going to happen with prices. Follow @andrewhorowitz YCharts Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Stocks mentioned in this episode: (AAPL), (NFLX), (SPY), (IWM), (XLF)

What was that? A run on rates? 10-year yield plummets to 1.25% - pulling markets down with it. Looks like too much of a good thing was no good. New narratives forming – be careful here… Some important considerations into earnings season. Follow @andrewhorowitz Find Out More at http://www.ibkr.com/compareInteractive Brokers. Interactive Brokers charges USD margin loan rates from 0.75% to 1.59%. Rates subject to change. Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Stocks mentioned in this episode: (SPY), (TLT), (QQQ), (IWM)

Another round of new highs – equity markets are on fire. June employment report brings both joy and concern - it actually makes sense as we get into it. But, we have a Goldilocks situation brewing – looking below the surface today. Plus, an important exercise to help bring you back to center and looking toward your future. And, of course,  a very Happy 4th of July to you and yours! Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Friday Pre-Market Run-Down Webinar Registration - http://www.triggercharts.com/webinar-pre-market-rundown-fridays/ Stocks mentioned in this episode: (TLT), (QQQ), (SPY), (EEM)

Walking it back – no surprise here from the Fed - quick game of chicken anyone? New highs – as rally broadens out, S&P 500 indices compared. Coins collapse over weekend – where is the bottom? A quick mid-year update on sectors, regions and indices - looking to confirm the trend. Follow @andrewhorowitz Find Out More at http://www.ibkr.com/compareInteractive Brokers. Interactive Brokers charges USD margin loan rates from 0.75% to 1.59%. Rates subject to change. Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Friday Pre-Market Run-Down Webinar Registration - http://www.triggercharts.com/webinar-pre-market-rundown-fridays/ Stocks mentioned in this episode: (SPY), (QQQ), (IWM), (EEM)

The Fed is More Hawkish – until markets get squirmy of course. Reverse-Repo Madness – record rate on Thursday Flattening Yield Curve – what does that mean anyway? Guest - Steve Sanders, Interactive Brokers, talking about the new crypto offering and industry developments. Steve Sanders is Executive Vice President of Marketing & Product Development at Interactive Brokers Group, Inc. His primary role is to market Interactive Brokers’ technology to the world. After having spent fifteen years at Citibank in such diverse functions as credit & risk management, marketing, financial planning, and product structuring, Steve joined Interactive Brokers in 2001. Steve earned an MBA in Finance from the University of Chicago and a BS in Accounting and Computer Science from SUNY Albany. Follow @andrewhorowitz Find Out More at http://www.ibkr.com/compareInteractive Brokers. Interactive Brokers charges USD margin loan rates from 0.75% to 1.59%. Rates subject to change. OurCrowd's investment professionals leverage their extensive network to review some of the most promising private companies and startups in the world. Today, you can join OurCrowd’s investment in Zippin — innovating the trillion-dollar retail industry with checkout-free technology. Check it out at http://www.ourcrowd.com/tdi Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Friday Pre-Market Run-Down Webinar Registration - http://www.triggercharts.com/webinar-pre-market-rundown-fridays/ Stocks mentioned in this episode: (DBC), (QQQ), (DIA), (GLD), (BTCUSD)

Hot inflation causes no angst - markets taking it is stride, for now. Waiting of the next Fed meeting, rate decision is coming. And our guest today – Elaine Stokes, EVP and Portfolio Manager at Loomis Sayles. Elaine M. Stokes - Loomis Sayles Elaine Stokes is an executive vice president, portfolio manager and co-head of the full discretion team at Loomis, Sayles & Company. She has 33 years of investment industry experience and joined Loomis Sayles in 1988. Elaine is also a member of the firm’s Board of Directors. Elaine is a co-portfolio manager for the firm’s flagship Loomis Sayles Bond Fund, as well as a variety of mutual fund and institutional strategies, including the Credit Income, Fixed Income, High Income, High Income Opportunities, Institutional High Income, Investment Grade Bond, Investment Grade Fixed Income, Strategic Alpha and Strategic Income funds, and the Loomis Sayles Multisector Full Discretion, Core Plus Full Discretion, High Yield Conservative, High Yield Full Discretion and US High Yield strategies. Prior to becoming a portfolio manager in 2000, she had experience working in high yield, global and emerging markets. Elaine has served as a senior fixed income trader and portfolio specialist. Elaine is co-head and founder of the Loomis Sayles Women at Work Network and is on the executive board for the Strong Women, Strong Girls nonprofit organization. She earned a BS from St. Michael’s College. Interactive Brokers’ Stock Yield Enhancement Program. Earn extra income on the fully-paid shares of stock in your brokerage account. Open an Interactive Brokers account today. Learn More at http://www.ibkr.com/syep CHECK IT OUT! This episode is sponsored by Masterworks. Sign up today and use the Promo Code TDI Visit http://Masterworks.io Read the Masterworks Disclaimer Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Friday Pre-Market Run-Down Webinar Registration - https://www.triggercharts.com/webinar-pre-market-rundown-fridays/ Stocks mentioned in this episode: (TLT), (SPY)

June begins – almost at the ½ way point of the year with a big week of economic reports. This week, a special guest from Astor Funds on investing with modern economics - Astor Fund's Rob Stein. Robert Stein - Chief Executive Officer - ASTOR FUNDS Mr. Robert Stein began his career as a project analyst for the Federal Reserve under former Chairman Paul Volcker and later went on to hold senior trading or portfolio management positions with large money-center Wall Street banks. Returning to Chicago in 1994, he formed Astor Financial, Inc., the parent company of Astor Asset Management LLC (“AAM”) a registered investment adviser and the predecessor firm to Astor Investment Management, LLC. Knight Capital Group (NYSE: KCG) acquired AAM in 2010 and Mr. Stein was appointed to the Executive Committee reporting to the Board of Directors and directly to the Chairman. In a management restructuring, Mr. Stein re-organized AAM as an independent firm (Astor Investment Management LLC). Mr. Stein is the co-creator of the Astor Economic Index® (AEI), the firm’s proprietary method used to create what we believe is a smoother, more accurate “live read” on the economy. He is also the author of several books, including Inside Greenspan’s Briefcase (McGraw-Hill) and Finding the Bull inside the Bear (John Wiley & Sons). Mr. Stein is the founder of the i-CARE Foundation, an organization that provides an annual grant to Northwestern Hospital to enhance patient experience and is Vice Chairman of the Board of Advisors to GlenKirk, an organization that supports people with special needs. Mr. Stein holds a Bachelor of Science from the University of Michigan. Compare your consolidated portfolio against more than 200 benchmarks or create customized benchmarks for analyzing performance. Sign up for free at http://www.portfolioanalyst.com OurCrowd’s investment professionals leverage their extensive network to review some of the most promising private companies and startups in the world. Check it out at http://www.ourcrowd.com/tdi Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Friday Pre-Market Run-Down Webinar Registration - https://www.triggercharts.com/webinar-pre-market-rundown-fridays/ Stocks mentioned in this episode: (AAPL) , (SPY)

How do we dare talk about diversification and compare to a splash of vermouth in a Martini in the same sentence? Also thinking about a ship at sea heading into a storm, what is the captain to do? Asking the questions regarding our investments: What if I am Wrong? Guest Kevin Hoffmann helps us understand more about the potential for a well-diversified portfolio structure. Kevin Hoffmann is a key member of the Horowitz & Company team. Kevin began his financial career in May of 2001 working on the floor of the Chicago Board of Trade. Kevin now heads research, operations and analytics for Horowitz & Company. While attending the University of Wisconsin at Madison, he served a Financial Consultants Internship with Smith Barney. In 2004 Kevin graduated from UW-Madison with a bachelor‘s degree in Personal Finance and assumed a position as a derivatives trader for BMT Trading Group / Gelber Group. By October of 2005 he quickly rose the ranks to a Financial Planning Analyst for JMG Financial Group where he assisted with Financial & Tax Planning as well as Investment Management for high net worth clientele. Kevin has been with Horowitz & Company since 2008 and has been central to the development and research within the eNVESTOLOGY, TDI Managed Growth and Global Allocation Strategies. Compare your consolidated portfolio against more than 200 benchmarks or create customized benchmarks for analyzing performance. Sign up for free at http://www.portfolioanalyst.com Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Friday Pre-Market Run-Down Webinar Registration - https://www.triggercharts.com/webinar-pre-market-rundown-fridays/ Stocks mentioned in this episode: (AMD), (GOOG), (INTC), (IBM), (AAPL)

Crazy Crytpo Crush! Taper Talk has entered the building and One last comment on the pied pipers. Plus - the elephants in the room are getting restless. Let's discuss. Yes - we mentioned stagflation.... Uh oh... Are you looking for ways to earn extra income? Interactive Brokers’ Stock Yield Enhancement Program lets you earn extra income on fully-paid shares of stock in your brokerage account. Learn More at http://www.ibkr.com/syep OurCrowd’s investment professionals leverage their extensive network to review some of the most promising private companies and startups in the world. Check it out at http://www.ourcrowd.com/tdi Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Friday Pre-Market Run-Down Webinar Registration - https://www.triggercharts.com/webinar-pre-market-rundown-fridays/ Stocks mentioned in this episode: (MSTR), (BTCUSD), (ETHUSD)

Tossing Bowling Balls in a Pond. Inflation spike – Yes, Transitory – we are wondering about that. Selling pressure gains – but seeing some signs of capitulation. Plus - what to do when perception becomes a core belief. Financial advisors – are you looking to add or switch custodians? Switch to the custody solutions that work for you at ibkr.com/RIA Learn More at http://www.ibkr.com/RIA Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Friday Pre-Market Run-Down Webinar Registration - https://www.triggercharts.com/webinar-pre-market-rundown-fridays/ Stocks mentioned in this episode: (TSLA), (BTCUSD)

The employment situation is healing. Treasury and the Fed stumbling over themselves regarding inflation and rate increases - then walking it back. Tech sell-off – thinking about Peak Earnings with our guest today – Frank Curzio – Curzio Research Frank Curzio can be reached by email at frank@curzioresearch.com Frank Curzio is an equity analyst with close to two decades of experience covering small- and mid-cap stocks. Check out his newsletters. (Free trial subscriptions available) He has been the editor of several well respected newsletters with major companies as well on of the top performers with TheStreet.com where he significantly outperformed the markets during his tenure. He was also a research analyst for Jim Cramer. Frank is the host of Wall Street Unplugged. Frank has been a guest on various media outlets including Fox Business News, CNBC's The Kudlow Report and CNBC's The Call. He has also been mentioned numerous times on Jim Cramer'ss Mad Money, is a featured guest on CNN Radio and has been quoted in financial magazines and websites. Before TheStreet.com, Frank was the editor of The FXC Newsletter and received one of the top rankings by Hulbert's Financial Digest for risk-adjusted performance. Follow @frankcurzio Join clients from over 200 countries and territories to invest globally in Stocks, Options, Futures, Forex, Bonds and Funds from a single integrated account at the lowest cost at IBKR.com Learn More at http://www.ibkr.com/ CHECK IT OUT! This episode is sponsored by Masterworks. Sign up today and use the Promo Code TDI Visit http://Masterworks.io Read the Masterworks Disclaimer Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Friday Pre-Market Run-Down Webinar Registration - https://www.triggercharts.com/webinar-pre-market-rundown-fridays/ Stocks mentioned in this episode: (RICK), (FB), (PLBY), (MUDS), (GOOG), (JETS), (CZR)

The headlines are pouring in - lots of data for investors to sift through. Earnings, economics, the Fed and a new stimulus package. We take a hard look at how to position and more importantly, how to protect what you have - a new twist on a well honed strategy. Savvy investors use Portfolio Analyst to create a consolidated view of their finances and check the health of their complete financial portfolio. Sign up for free at http://www.portfolioanalyst.com Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Friday Pre-Market Run-Down Webinar Registration - https://www.triggercharts.com/webinar-pre-market-rundown-fridays/ Stocks mentioned in this episode: (BTCUSD), (AAPL), (FB), (MSFT), (AMZN)

Markets zigzagging and sagging on worries of tax hikes - for a day. Earnings season providing some key insights. Bitcoin crash – wondering where the bottom is… And listener questions. Are you looking for ways to earn extra income? Interactive Brokers’ Stock Yield Enhancement Program lets you earn extra income on fully-paid shares of stock in your brokerage account. Learn More at http://www.ibkr.com/syep Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Friday Pre-Market Run-Down Webinar Registration - https://www.triggercharts.com/webinar-pre-market-rundown-fridays/ Stocks mentioned in this episode: (BTCUSD), (AAPL), (TLT), (MSFT), (AMZN), (TWTR), (NFLX)