Enlightenment - A Herold & Lantern Investments Podcast

Embrace the Pause

August 30, 2021 Keith Lanton Season 3 Episode 32
Enlightenment - A Herold & Lantern Investments Podcast
Embrace the Pause
Show Notes

August 30th, 2021, Season 3 Episode 32

"Enlightenment" - A Herold & Lantern Investments  Podcast featuring Mr. Keith Lanton, President.

With little activity in the market, Keith deems it appropriate to begin this episode with several peaceful quotes from the late great John Lennon, which promote the philosophy of being open to all life has to offer with excitement and acceptance. Amidst this stagnation, however, a bit of anticipatory anxiety looms as the nation awaits Friday's Federal Reserve employment report - one that is more consequential than usual. This will be the Fed's next major announcement following last week's annual Jackson Hole Symposium, in which Chairman Jerome Powell stated that Fed hikes are unlikely in the foreseeable future. In other news, Keith notes that oil prices have risen, albeit marginally, in the wake of Hurricane Ida's wrath in the Gulf Coast. Across the Pacific, an additional shipment of contaminated Moderna COVID-19 vaccination samples arriving in Tokyo have driven the company's stock price down. And in promising news to all, Apple has hinted that its iPhone 13 could support Low Earth Orbit (LEO) satellites, which would allow for calls and messages to be made even in the absence of cellular service. Keith goes on to make mention of the energy sector's upward spiral in the past week, and discusses the current rise of bank stocks in light of prognostication that the yield curve will continue to remain steep. Another major topic of discussion in the podcast is China's floundering market, which, as Keith notes, has dropped by 20 percent in a matter of six months. The United States has, consequently, been withdrawing a significant amount of money out of China. Barron's has been vocal as of late, recommending to prospective speculators to move towards small companies and mutual funds as a means to mitigate risk. They further suggest investing in variable interest entities (VIEs) and exchange traded funds (ETFs), and moving away from American depositary receipts (ADRs) due to associated regulatory risks. Lastly, small-cap stock Plantronics (POLY) is coming under very high recommendation from Barron's due to the hybrid work environment that it permits. Director of Fixed Income Brad Harris steps in to conclude the podcast with some advice on the bond market, stating that, given the uneventful week, bond investors would be best off reviewing their portfolios and investing exclusively in high-grade bonds for the time being.

We hope you enjoy the show and share it with colleagues and friends.

Press interviews or market commentaries, please contact Keith or Sal Favarolo directly at 631-454-2000 to schedule a time.