Welcome to the FarrCast, hosted by Michael Farr, Chief Market Strategist of Hightower Advisors and President and CEO of Washington DC wealth management firm, Farr, Miller & Washington. Each week Michael will have guests with insights into economics, policy, finance, and the intersections between the… read more
It's a slow, languid summer week. The President met a few world leaders and held a press conference that got a little coverage, but there wasn't much . . .
Oh who are we kidding? There is enough material for four shows this week. We've got Jim Iuorio from the Chicago Mercantile Exchange kicking us off with a look at the markets. There was moderately positive economic news on consumer spending and moderately dovish comments from Fed Chair Powell, and the markets reacted to that news and ignored the noise from Brussels, London, & Helsinki.
Dan Mahaffee joins in to talk about political risk. Michael welcomes former Asst Secy of the Treasury Tony Fratto. Michael opens the mics and Dan, Jim, and Tony take on the big economic picture. Is corporate debt a problem? Where is the next leg up in growth? What are the bonds telling us about the future? And if there is a blue wave in November, what does that mean for the markets?
We even have a bonus segment to wrap it all up, and take a look at what next week will bring. It's a special FarrCast for a special week, and we've got the smartest guys in the room to dissect it all.
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