Commentaries & Videos
truststrusts

The New Bull Market
Despite inflation, recession talk, and consistent Fed rate hikes a new bull market has been born. ACM CIO Chuck Lieberman looks beyond the buzz to explain why investors are optimistic.

What About Probate and Trusts?

Chuck Lieberman on Squawk
Chuck Lieberman, co-founder and CIO of Advisors Capital Management joins ‘Squawk on the Street’ to discuss the market as S&P 500 heads for the best week since March and what it means for the economy.

How Will the Bank Crisis End?
Chief Investment Officer Chuck Lieberman discusses why Silicon Valley Bank failed and how that will affect the sector and market as a whole. Also, possible next moves for the Fed to mitigate risk in the bank sector.

Stocks Close Higher Ahead of Fed Interest Rate Hike Decision
Stocks closed higher Tuesday as Federal Reserve officials begin meeting to discuss inflation and potential interest rate hikes. Advisors Capital Management portfolio manager JoAnne Feeney joins CBS News to break down what upcoming changes could mean for investors.

Should I do a "Back-Door" Roth IRA contribution?
The Roth IRA is a powerful investment vehicle where you pay tax up front so your money can then grow and be withdrawn tax free. However, high earnings taxpayers are not allowed to make Roth contributions. Enter the Back-Door Roth IRA Contribution strategy!

Prepare Now for Tax Season
We are nearing that time of year again - tax season! Make sure you have everything you need to file for 2023. Here is how you can prepare now!

Red Hot Jobs Report, But What About the Debt Ceiling?
After January's incredibly strong jobs report it looks like the Fed will be forced to continue on their path of rate hikes - whether they want to or not. What does this mean for the risk of recession? And -- a quick note on congress' debt ceiling issue...

"Tech investors need to be long-term focused," says Advisors Capital's JoAnne Feeney
Dr. Feeney joined ‘The Exchange’ to discuss how investors should be positioned in tech.

Caring For Loved Ones?

The 2023 Outlook

Secure Act 2.0
Very recent legislation provided more updates to 2019's Secure Act, a bill designed to reshape America's retirement. Changes to RMD rules, catch-up contributions, Roth IRAs, and 529 Plan Rollovers are all covered in this helpful breakdown.

Making a List and Checking It Twice
The end of the year draws near, so make sure to cross these last items off of your financial to-do list! A few of the topics covered are funding retirement contributions and flex spending accounts, reviewing beneficiaries and spending plans, and investing or gifting extra cash.

A Tale of Two Economies
The market watches the Fed for latest rate hike, but there is still room for optimist for investors. Meanwhile, labor shortages and supply constraints continue to restrain growing sectors.

Teenagers Will Mature Eventually...Bond Funds Never Do
Why owning a bond holds less risk than a bond fund. We explain how in this podcast.

Framing Fixed Going Into 2022
Fixed income investors have been squeezed on both sides by rising interest rates and looming inflation. Should you unfix your Fixed? Not likely – and here’s why.

The Importance of Growing Retirement Income
The rate of inflation has risen by its fastest gain since the ’80s. ACM portfolios are protecting our clients’ retirement income from gnawing inflation with a health allocation of dividend stocks.

The Berlin Wall and the Russo-Ukrainian Crisis
Dr. Greenspan analyzes the current crisis at the Russo-Ukrainian border in light of the ideological divide between Russia and the United States. The battle between the free market versus a government controlled economy played out in the fall of the Berlin Wall, and now starts again in Western Ukraine.

"Ask Me Anything" with Alan Greenspan
Dr. Alan Greenspan is renowned for his service in both the public and private sectors of finance. Read on as he answers a few questions for his friends at ACM.

5 Rules to a Fair Family Fight
Robb shares an article he wrote for The University of Pittsburgh's Institute For Entrepreneurial Excellence newsletter-just in time for the holidays.

Volatility Revisited
When the market has been especially volatile, investors often make emotionally based decisions that can harm their goals for the future. Don’t let fear rule your portfolio.

All Investment Grade Fixed Income is NOT Created Equal
Many fixed income investors with traditional investment-grade bond portfolios were likely disappointed by their performance in 1Q’21. This is understandable, because for the 5 years through 2020, the average annual investment-grade bond returned over 6.5%, whereas in 1Q, that return was -4.6%.
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</v:shape><![endif]--><!-- [if !vml]--><!--[endif]--><b>Stimulus Spending, Inflation, and the Recovery</b>](http://static.fmgsuite.com/media/images/19c7a3b4-f6a5-4649-9ab3-9bf0675f8a8d.png)
Stimulus Spending, Inflation, and the Recovery
Fourteen months after the country shut down in response to COVID-19, America seems to be turning the corner. As the country continues to reopen, market participants have begun to consider the possible aftereffects of the unprecedented levels of monetary and fiscal stimulus that resulted in what may ultimately be recorded as the shortest recession in U.S. history. Their primary concern: inflation.

International Investing: Diversification & Opportunity
Listen as ACM's Dr. Charles Lieberman, Chief Investment Officer and Portfolio Managers David Ruff, CFA and Paul Broughton, CFA discuss this timely topic.

ACM's JoAnne Feeney on Cheddar
Are you concerned about your momentum stocks running out of gas? Do you want to take advantage of the reopening trade? Listen to this short interview with JoAnne Feeney as she talks about inflation fears gripping investors and her biggest concern overall. She also discusses where investors should be directing assets.

Live Panel Discussion Investing and Planning in a Post Covid World
This will be a participant-driven discussion on the markets, economy and financial planning issues. Our panel will include members of the ACM investment committee and wealth team. Please forward any questions you have for the panel to Robb.
Once registered you will be able to receive this event on demand after 4/15/21.

Listen to Robb discuss Redefining Wealth on Succession Stories Podcast
Robb shares Bridgeview's unique approach to Wealth: incorporating the Family Balance Sheet with the Financial Balance Sheet on the Succession Stories.
Using an intergenerational planning process to integrate Relational, Spiritual, Intellectual and other capital has resulted in greater flourishing for families across the country.

Irrational Exuberance and the GameStop Short Squeeze
Irrational exuberance is a state of investor psychology, when the pendulum between fear and euphoria has swung too far towards the latter. Stock prices are the aggregation of the myriad expectations held by market participants and can at times reflect what seems an unjustifiably optimistic view of future economic conditions.

Fixed Income Investors Need a Wake Up Call
Bond investors are in need of a wake-up call. Most don’t pay enough attention to their fixed income portfolios. Investors assume that their bonds are safe and that there are only a few options for building a safe portfolio. We address both of these potentially dangerous assumptions.

Evaluating the Current Equity Market
Front and center are two topics that seem to be on investors’ minds: the equity market’s current valuation given its all-time high price level and are interest rates and inflation about to inflect higher. We take a look at how stocks are setting up.

A Second Vaccine; It's a New Game (Thank Goodness)
Moderna’s vaccine was 94.5% effective, making two vaccines that have proven effective beyond the expectations of almost everyone. This has very significant ramifications for the economy and highly differentiated implications for various businesses.

Seven Warning Signs Your Bond Portfolio May be Yielding Under 1%
The yields on such securities have declined dramatically and many are now 1% or even less. Many investors do not realize this, however, because they are looking at their coupons.

Japan-The Times They Are A-Changin'
The Bob Dylan anti-establishment, frustrated-youth song that became the anthem for change during the U.S. civil rights movement could also apply to corporate Japan today. Japanese equity investors, frustrated with decades of poor returns, are calling for significant change. It’s beginning to happen.

Bloomberg Interviews Dr. Joanne Feeney
Dr. Feeney from Advisors Capital Management discusses the Markets.

International Silver & Bronze

Alan Greenspan: Measuring the Economic Damage of Covid-19
In order to forecast our economic landscape going forward, we must first assess the extent of the damage done to the US economy from the once-in-a-century occurrence that has emerged over the past half year.

Politics & Portfolios
Kevin Kern and Alan Greenspan take a look at how Washington has effected investments over time.

Alan Greenspan on US-China Relations
The key to global economic balance over the next generation will be defined by the increasingly contentious relationship between the United States and China. China is endeavoring to wrench global hegemony from the United States.

Fixed Income Portfolio Options
Fixed Income yields have declined rapidly in 2020 and investors are not fully aware how little their ‘traditional’ Fixed Income portfolio likely yields. Given the changes in market conditions, it may be timely for many investors to reevaluate their ‘traditional’ fixed income portfolios.

Make Your Peace with the S&P 500
The purpose of your portfolio will determine the level of serenity you are having this year with S&P 500.
There is not a lot of love for the diversified or income oriented investor.

Europe – Always the Also-Ran?
Europe receives relatively little attention in the 2020 manic global equity markets led by the major markets of China and the U.S..
With such consistent also-ran performance, investors too easily dismiss the importance of the region in their investment portfolios. Looking forward, we believe this is a mistake.

So What About The Other 496 Stocks In The S&P 500?
The tech heavy S&P 500 is almost back to breakeven for the year. This belies the tremendous bifurcation we are seeing in the market. The big may be big and getting bigger, but we don’t believe it will last forever.
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Moving to Cash Can Be a Drag
Years of experience have prepared us to guide you through your life transitions.

CNBC Squawk Box Interview with JoAnne Feeny

A Closer Look at the Recent Surge of COVID-19 Cases
The media is reporting that Houston,Texas and Arizona, among other states, are experiencing surges in case counts and hospitals near capacity. But these depictions aren’t entirely accurate and suggest a more dire situation than is appropriate.

Upsized Uncertainty: The Opposite of Lower for Longer
The S&P has rallied by over 36% – this sharp rebound seems to reflect an optimism that the economy will have a solid recovery. What should investors be thinking about as we progress into the second-half of 2020?

Estate Planning Update
Focusing on what you can control by using any downtime you may have as an opportunity to review and update the non-investment aspects of your financial life.

Outbreak Part 2: Change
Is this crisis "Transformational" for shopping, dinning and working from home? It is not. It is "Accelerating" what has already begun.

Why is the Market Rallying While the Economy is Collapsing?
Our CIO Dr. Charles Lieberman believes that we are in the earliest stages of a recovery, although uncertainty is high.

2020 Review and Outlook First Quarter
ACM's investment committee looks at the first quarter along with our outlook for markets and the economy.

10 Family "Quarantine" Ideas
Like Robb, Legacy Capitals works with families in the space of family and business wealth. They have provided some ideas for family time during "quarantine".

ACM Market Bulletpoints
ACM has compiled a wealth of intelligence from their partners worldwide. We are providing some market strategy bullet points to consider during this pandemic.

Free Wellness Resources
Our associate, Corene Summers, founder of Artisan Farmacy, is offering us unlimited complimentary access to the Wellness Coach App. This includes meditations, wellness coaching, fitness, yoga, live classes and bedtime stories. Contact Corene for more information and to receive 90 days free for you, your family and your entire company: artisanfarmacy@gmail.com .

Coping With Two Black Swans
The market’s been pummeled by two shocks, the coronavirus and the collapse in oil prices. Both will depress the U.S. and global economies. Much depends on how policymakers respond. So there’s considerable uncertainty on both accounts. Coronavirus The coronavirus is still being transmitted widely and testing remains inadequate...

Your Money or Your Life
“Your money or your life?” is the crystal clear offer that muggers will give their victims to minimize a scuffle. Those in their right minds will hand over their wallet and spare their lives. The markets, economy, and investors are getting mugged right now by COVID-19.

ACM Market Discussion
The Coronavirus has introduced market volatility levels we haven't seen in years. In this webinar Chief Investment Officer Dr. Charles Lieberman & Portfolio Manager Dr. JoAnne Feeney will discuss why the market has reacted this way and what things will look like on the other side.

Investor's Guide to Coronavirus
Comprehensive guide to this challenging time from history of pandemics, to world markets to what recovery could look like and more.

Market Update Webcast
Dr. Charles Liberman and Dr. Joanne Feeney discuss why Saudi Arabia has taken the current approach and why the market has reacted the way it has. Additionally we will share some further thoughts on the Coronavirus.

Coronavirus Webinar
The Coronavirus headlines have captured the investment community and markets have responded accordingly. Clients and interested investors joined us for an update from our international team leader David Ruff, CFA along with economist and portfolio manager Dr. JoAnne Feeney.
To view slide deck

Tis the Season for Tax Loss Harvesting
Tax-loss harvesting, holiday shopping trends, and 2020 market outlooks take center stage for investors this time of year

Time to Harvest Gains, Not Just Losses
Harvesting losses on an annual basis is a prudent strategy. Investors should recognize that managing your gains is also part of investing (rebalancing).

The Economy is Doing Just Fine
The economy and equity markets are showing signs of real resilience even though the news headlines don’t always agree.

Overstated Fears
Most every day there are multiple articles advising investors on how to prepare for the impending recession or forecasting recession. We think these are overstated fears.

A Discussion on the ACM Balanced Strategy
ACM's Balanced manager Dr. JoAnne Feeney discusses current markets and the economy.
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Quarterly Review and Outlook Q3 2019
Advisors Capital provides a Q3 2019 review and forward outlook of the markets and the economy.

Keeping Market Volatility In Perspective
When it comes to stock market volatility, history tells us what's been going on recently is perfectly normal. And you should expect to continue to see more of it.

The Yield Curve Has Inverted, Run For the Hills?
Historically, the yield curve inversion has been a pretty good signal of recession and that's when markets pay attention to it but on this occasion, it may be a less good signal.

Alan Greenspan on Current Market Volatility
ACM’s senior economic advisor Dr. Alan Greenspan discusses the current economy, tariffs, and interest rates.

ACM Advisors in Washington for Annual Conference
Dr. Alan Greenspan and Fox Network's Bret Baier among others at ACM's recent Washington DC conference.

Will the Trade Wars Ever End?
The ongoing U.S. / China trade negotiations continue to dominate the news but an arguably a more important recent event for the global economy appears to be largely unnoticed.

Five Common Fixed Income Mistakes
As equity markets heat up some investors may look to fixed income for safety with a portion of their assets. The important nuances of fixed income investing are often misunderstood and underappreciated. Here are just a few pitfalls fixed income investors make.

2019 Review and Outlook Q1
ACM portfolio managers and economists report on the markets, the economy and our investment strategies

Modern Monetary Theory Delusions
A hot debate has erupted over “Modern Monetary Theory”. Let's look at the numbers....

Even Warren Buffet Has a Bad Decade: Investing for the Long Run
Buying high and selling low doesn't lead to market level returns. How long, then, is necessary to achieve long-run returns?

What Should Your Distribution Rate Be?
Two of the most costly mistakes people can make when entering retirement has to do with determining the method and the rate in which they withdraw from their investments.

Where Did the Bear Market Go?
It was truly remarkable how carried away market pundits became in response to the fourth quarter swoon, even as the economy continued to plow ahead. Now, we're simply getting back to business.

ACM Q4 2018 Review and Outlook
Advisors Capital Management's Investment Committee headed by Dr. Charles Lieberman provides a review of the previous quarter and forward outlook.

Made in Hollywood
The news is filled with predictions of economic slowdown & a possible recession, but that's just the media filling the 24/7 news cycle with material to influence readers and viewers.

Herd Movements
Years of experience have prepared us to guide you through your life transitions.

ACM's Quarterly Report Q3 2018
ACM's investment committee reviews the economy, markets, and the firm’s investment strategies through September 30, 2018.

The Canary in the Coal Mine Is Doing Just Fine
Given all the background noise, it is easy for investors to confuse how the economy is doing with short term movements in the equity markets.

So You Think You're Diversified?
Theoretically, the S&P 500 would be a good diversification tool if it owned equal amounts of each company. In practice, however, this is not the case as the S&P 500 is not an equal-weighted index.

Are You Suffering From FOMO?
Some investors are experiencing FOMO (Fear Of Missing Out) and are buying shares of Facebook, Amazon, or even Bitcoin "before it's too late." Perhaps they should be moving in exactly the opposite direction - towards value.

Sound Fundamentals
Why does the stock market keep going up and setting new highs when there is so much turmoil domestically and internationally? That's the most common question we hear from advisors and clients and it comes up in almost every single discussion.

A Stock Market Reality Check
ACM's David Lieberman discusses his recent investment commentary regarding the stock market's valuation, FANG stocks and the current state of equity investing.

Dealing with Unrealized Capital Gains
by Jeff Deiss, CFP, AEP, Wealth Advisor
After years of growth in the equity markets, many investors have accumulated substantial capital gains. For many, the thought of paying taxes (realizing the gains) is harder to deal with than the real personal economic impact.

Don't Be Afraid of a Flattening Yield Curve
by Dr. JoAnne Feeney, Portfolio Manager
Alarmist market watchers have been citing the flattening yield curve as a harbinger of economic recession. Not so fast.

What Matters…and What Doesn’t For the Markets
by Dr. Charles Lieberman, Chief Investment Officer
The coming weeks are chock full of major developments that will garner considerable media attention and a few might actually matter for our economy or markets.

To Itemize Or Not To Itemize: Preparing For 2018 Income Taxes
by Jeff Deiss, CFP, AEP, Wealth Advisor
You’ve always had the choice to either itemize or take the Standard Deduction and the rationale for deciding which is best hasn’t changed. Add up your available itemized deductions and compare this to the Standard Deduction. Take whichever is higher to lower your income, and your income taxes, the most.