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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 them all. Listen in not just for analysis of what has happened, but for the forecast of where the markets are going. Hightower Advisors, LLC is an SEC registered investment adviser. Securities are offered through Hightower Securities, LLC, Member FINRA/SIPC.
- 366 - 47 and Foggy
The FarrCast is back and Michael Farr talks to insiders from Wall Street, Washington, and the World to bring you insight into these tumultuous times. Kenny Polcari makes a case for interest rates rising; Dan Mahaffee gives some clarity into the opening gambit of the Trump transition; and Stephanie Link gives her thoughts on investing today -- and for the coming years.
Fri, 15 Nov 2024 - 49min - 365 - This Wasn't Even Knee and NeckFri, 08 Nov 2024 - 19min
- 364 - We Need More Power Scotty
On this week's episode, we get a primer on the power demands of AI from Daryl Owen, and how it's more than just the electric bill -- national security and economic growth are at stake. But first, Michael Farr welcomes Kenny Polcari for a look at the tumultuous October past, and why Kenny is constructive on the coming year. Plus, Dan Mahaffee gives us a last look at next week's election. It's The FarrCast -- Wall Street, Washington, and The World!
Fri, 01 Nov 2024 - 49min - 363 - No Storms Yet (But Watch the Cloud on the Horizon)
Dr. Jay Bryson, Chief Economist from Wells Fargo is Michael Farr's special guest this week. From his perch the economy isn't perfect -- but it's chugging along pretty well. He shares the one threat he sees on the horizon, but no storms appear to be approaching. Michael begins with Kenny Polcari looking at the market and a discussion of how beat up is beat up enough to invest? And Dan Mahaffee returns this week and Michael makes an apology. It's Wall Street, Washington, and The World on The FarrCast!
Thu, 24 Oct 2024 - 51min - 362 - No Sign of Recession
This week we feature the second half of Michael Farr's conversation with former President of the Federal Reserve Bank of Richmond, Dr. Jeff Lacker. He says recessionary pressured have eased. It's not rainbows & unicorns, but the economy is in good shape. But first, Michael welcomes Jim Lebenthal for a discussion on investing in strong markets. And a quick look in on politics. It's The FarrCast -- Wall Street, Washington, and The World.
Thu, 17 Oct 2024 - 56min - 361 - Eat Your Broccoli
Michael Farr welcomes Kenny Polcari, Dan Mahaffee, and special guest Dr. Jeffrey Lacker, former President of the Federal Reserve Bank of Richmond, to The FarrCast this week. Kenny gives his case for the stock market sitting in a holding pattern; Dan gives some color on the holding pattern of the presidential race; and Dr. Lacker helps us understand the cards the Fed is holding to combat inflation. (It's a great history lesson!) This and more from Wall Street, Washington, and The World on The FarrCast!
Thu, 10 Oct 2024 - 46min - 360 - Not Working a Side Hustle to Just to Buy Yen
This week on The FarrCast, Michael Farr welcomes Jim Iuorio for a check in on markets. Jim explains why he doesn't look at the market as overbought and what key level he's looking for as confirmation. Dan Mahaffee joins for his thoughts on political developments, and fan favorite Les Munson is back with a look at foreign policy and the success of building coalitions on shared values. Bringing you Wall Street, Washington, and The World -- it's The FarrCast!
Thu, 03 Oct 2024 - 53min - 359 - Season Eight Premiere!Fri, 27 Sep 2024 - 57min
- 358 - That's Even Offensive to the Mob
It's the end of Season Seven of The FarrCast and Michael Farr invites Mark Hamrick, one of our frequent special guests since Season One, to join for a discussion about where the cracks in the economy are -- and which ones might be growing. First up though is Kenny Polcari, who maintains we will see significant turbulence ahead, but no imminent crash. And Dan Mahaffee helps us parse the debate and where the political tides are turning. Bring you insight into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 13 Sep 2024 - 46min - 357 - Not Exactly a Den of Bolsheviks Over at Goldman
As the markets moved into the angst of September, the FarrCast is with you to give you insight into what moves the markets! Michael Farr welcomes special guest Rob Ferguson for a look at real estate -- where the Fed's rubber meets the economy's road. But first, Jim Iuorio comes to us with why he expects a downdraft, but feels the markets aren't due for more than a correction. And Dan Mahaffee gives color on the latest out of the Trump and Harris camps.
Fri, 06 Sep 2024 - 46min - 356 - Is Not Losing, Winning?
As the election season is upon us, Michael Farr welcomes Joshua Huminski, Senior Vice President for National Security and Intelligence Programs at The Center for the Study of the Presidency and Congress. Joshua helps dissect how the election season is changing foreign relations, and the potential paths and impacts of foreign policy under potential Harris or Trump Administrations. But first, we get a DC update from Dan Mahaffee. Bringing you insight into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 30 Aug 2024 - 35min - 355 - No Unforced Errors
The conventions are over, but what are the potential policy pathways? Michael Farr welcomes Matt Leffingwell & Dan Mahaffee to bring us some notion of what is at stake for the markets in the upcoming election. But first -- Kenny Polcari joins for a discussion of the week on Wall Street. It's Wall Street, Washington, and The World on The FarrCast!
Fri, 23 Aug 2024 - 44min - 354 - This Is Feeling . . . Not AwfulFri, 16 Aug 2024 - 46min
- 353 - My Fingers Are Certainly Crossed
The week began with panic, but that subsided almost as quickly as it came. What gives? Michael Farr talks with guests Bryn Talkington and Kenny Polcari for a look at the near-correction. Is it something more than a bad day? And what is a carry trade anyway? Plus, Dan Mahaffee on the new Dem VP pick. It's The FarrCast -- Wall Street, Washington, and The World!
Fri, 09 Aug 2024 - 54min - 352 - All the Rules Flipped on Their Heads
The Fed stands pat, and markets wobble. Michael Farr and guests Jack Bouroudjian and Jim Iuorio dive into the details on the changing economic winds. Both Jim and Jack are constructive on the markets, but there are, as Jim says, "some holes underneath the wallpaper." Plus, Dan Mahaffee on the Veepstakes and lightning fast changes in the presidential race.
It's The FarrCast -- Wall Street, Washington, and The World!
Fri, 02 Aug 2024 - 58min - 351 - Did We Miss Anything?
With the assassination attempt on former President Trump, and the decision not to run for re-election from President Biden, this has been one of the most momentous fortnights in American political history. This week, Michael Farr has extended discussions with Dan Mahaffee and with former Senator Don Nickles, on what just happened, and what might happen next.
Fri, 26 Jul 2024 - 57min - 350 - Essential at a ShipwreckWed, 10 Jul 2024 - 1h 00min
- 349 - Feeling It, But Not Seeing It
Michael Farr welcomes Jim Iuorio this week, and Jim shares why he's looking for a pullback, but doesn't expect levels to fall too much. Dan Mahaffee helps dissect the debates and the Supreme Court decisions, and Michael closes with a special Fourth of July essay on why we celebrate. It's the FarrCast -- Wall Street, Washington, and The World!
Tue, 02 Jul 2024 - 46min - 348 - There Is No Certainty in This Game
Our special guest this week is Dr. Claudia Sahm. Her research is flashing warning lights for a possible recession -- but things are going okay for the moment. Michael Farr and Dr. Sahm take a deep dive into the economy and explore the conundrum. Plus, it's debate time, and Dan Mahaffee gives us the lay of the land as we reach the end of the beginning of the political season. The FarrCast -- Wall Street, Washington, and The World!
Thu, 27 Jun 2024 - 55min - 347 - Because One Is Too Little and Three Is Too Much
Dr. Jeff Lacker returns after last week's preview of the Fed to give us a review of what we learned from the FOMC. The Fed continues to thread the needle, and Dr. Lacker gives his opinion on why not should the Fed stay put through the end of the year, but why they will. But first we catch up with Kenny Polcari on markets, and Dan Mahaffee on DC. It's The FarrCast -- Wall Street, Washington, and The World!
Tue, 18 Jun 2024 - 49min - 346 - The Fed's Not Sure
But we are sure The FarrCast will help you see the economic landscape more clearly! This week is the "preview" episode of the Federal Reserve's June meeting, and next week, we'll be back again with special guest Dr. Jeffrey Lacker to review the meeting, and how Powell presented the committee's decision. It's The FarrCast! Wall Street, Washington, and The World.
Wed, 12 Jun 2024 - 43min - 345 - Sliding a Stack of Chips
Summer heats up, but Jim Iuorio is looking for the markets to cool down! Listen to this week's FarrCast as Michael Farr discusses the mid summer choppiness in the market, and why Jim expects rougher days to come. Stay on for special guest Daryl Owen as he gives a Washington insider's perspective on the 2024 election. "The only certain prediction is that in five months we'll all be sick of it." It's The FarrCast -- Wall Street, Washington, and The World!
Thu, 06 Jun 2024 - 43min - 344 - A Little Bit of a Step BackFri, 31 May 2024 - 30min
- 343 - Now I've Got Ethel Merman in My Head
Markets have AI on the brain, and Michael Farr and Jim Lebenthal say buckle up -- the trajectory does look up, but certainly not smooth. We go around the horn with Dan Mahaffee, then Michael welcomes Bankrate's Mark Hamrick for a deep dive into the drivers of the economy. It's The FarrCast -- Wall Street, Washington, and The World!
Fri, 24 May 2024 - 43min - 342 - Momentum Is Great! (If It's Moving Up)
The markets are at all time highs with the Dow kissing 40,000 and the FarrCast is here with insight on how to stay disciplined with the markets are high. First up, Michael Farr welcomes Kenny Polcari for a talk about the upsides, and pitfalls, of momentum. Dan Mahaffee joins for the lastest on presidential debates -- yes, we have an agreement on presidential debates. And special guest Joshua Huminski gives us insight into the multi-polar world where power has diffused from DC. It's The FarrCast! -- Wall Street, Washington, and The World.
Fri, 17 May 2024 - 47min - 341 - Chugging Along
Michael Farr welcomes Jim Lebenthal for a discussion on the markets as they digest the first quarter run up and maybe, maybe, are finally coming to terms with the new monetary environment. Dan Mahaffee joins to review the Trump trial, and what it means for the elections. And for our special guest, we welcome Allan Schweyer from The Conference Board for his insights into the changing labor markets and how that is moving the needle in the economy and in finance. It's The FarrCast -- Wall Street, Washington, and The World!
Fri, 10 May 2024 - 47min - 340 - If Indeed an Economist Can Feel at All
This week's FarrCast is a don't miss for sure! Michael Farr welcomes special guest Dr. Jay Bryson for a look forward into the economy. It's not all rainbows and unicorns -- but the likely path is far from bleak as well. Michael and Dan Mahaffee talk about the campus unrest and the ongoing human tragedy in Palestine. And to kick it off, Jim Iuorio checks in on the markets. Bringing you Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 03 May 2024 - 54min - 339 - Coming Back From the Moon
It's another great FarrCast as Michael Farr goes around the horn with Kenny Polcari and Dan Mahaffee on Wall Street and Washington, then welcomes special guest Liz Young, Chief Strategist from SoFi, for an in depth look at the changes in the investment landscape. The FarrCast -- Wall Street, Washington, and The World!
Fri, 26 Apr 2024 - 41min - 338 - Put Your Behind in the Past
Michael Farr welcomes Jim Lebenthal, Dan Mahaffee, and Jenny Harrington this week. Jim and Michael talk about the market stall, and the importance of patience in finding bargains. Dan Mahaffee gives inside baseball on the travails of Speaker of the House Mike Johnson and his attempts to govern, and Jenny Harrington shares her insight into what monetary policy means -- and doesn't mean for the markets. Bringing you insight into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 26 Apr 2024 - 49min - 337 - If You Throw a Tantrum, You Don't Get a Cookie
The FarrCast welcomes back fan favorite Lester Munson with his decades of experience in foreign policy to help untangle some of the threads in geo-politics. But first, Michael Farr welcomes back Kenny Polcari with a primer on bargain hunting, and Dan Mahaffee with a look at The Hill. It's The FarrCast -- Wall Street, Washington, and The World!
Fri, 12 Apr 2024 - 46min - 336 - Very Interesting & Oftimes Correct
On this week's FarrCast, Michael Farr welcomes Bond Trader Scott Stroud for a discussion on what investors need to know about fixed income now that interest rates are closer to longer run historical norms. But first, Jim Iuorio joins for a review of the stellar first quarter in the markets, and Dan Mahaffee breaks down the, well, breaking down of the political parties. Never breaking down, it's the FarrCast -- Wall Street, Washington, and The World!
Fri, 05 Apr 2024 - 49min - 335 - Podiatry Jokes from Here on Out
The stock market posts it's best first quarter in five years as we finish March at new record highs. Michael Farr welcomes Jim Lebenthal for a discussion on what to do when the markets are at all-time highs -- and can it continue? Dan Mahaffee gives insight into the latest in DC, and for our special guest, Michael welcomes back Dr. Jeffrey Lacker, former President of the Richmond Federal Reserve. Jeff has been in the room while the Fed makes decisions and he gives outstanding insight into what the pundits -- and too many investors -- are missing about the Federal Reserve's next steps. It's another great FarrCast bringing you insight into Wall Street, Washington, and The World. Listen today!
Fri, 29 Mar 2024 - 53min - 334 - Try Not to Fixate on the Pint
The first quarter is drawing to a close and the stock market flirts with Dow 40,000! Michael Farr welcomes Jim Lebenthal, political analyst Dan Mahaffee, and special guest Jack Bouroudjian for a trip around the horn. Can the economy keep chugging along? Can the markets keep rising? Where are the threats? It's another great FarrCast bringing you insight into Wall Street, Washington, and The World!
Fri, 22 Mar 2024 - 46min - 333 - When I'm in an Airplane, I Root for the Pilot
The FarrCast returns with Michael Farr talking markets and strategy with Jim Lebenthal, politics and diplomacy with Dan Mahaffee, and in the special guest segment, Michael welcomes first time guest, Mike Singleton from Invictus Research. Bringing you insight into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 15 Mar 2024 - 54min - 332 - Your Wariness Wears DownFri, 08 Mar 2024 - 49min
- 331 - An American Solution
Michael Farr's travels continue and this week after a quick look at Washington and Wall Street from producer Harry Jennings, Michael delivers a speech on the challenges the American economy, and more broadly, America, faces. Michael argues the exceptional nature of the American experiment gives us the privilege of taking up the mantle of history. It's a thought provoking FarrCast -- don't miss it!
Tue, 27 Feb 2024 - 30min - 330 - Any Tingle Will DoFri, 16 Feb 2024 - 15min
- 329 - Democracy Is a Bus
The markets creep to new highs (S&P 5000!) and Michael Farr welcomes Jim Lebenthal for insight into how to avoid a misstep. Dan Mahaffee shares the latest from DC, and special guest Joshua Huminski gives us three things he'd do if he were President. Insight into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 09 Feb 2024 - 51min - 328 - Might As Well Do the Right Thing
As goes January, so goes the year, the old adage goes, and January has been a good one in the markets. Michael Farr speaks with Jim Iuorio about what's good -- and where threats may lie. Matt Leffingwell joins for insight into DC, and special guest and energy expert Daryl Owen shares his insight (and first hand experience) on Iran, the mid-east, and The World. Listen and share with friends and colleagues!
Fri, 02 Feb 2024 - 53min - 327 - The AI Is Buying AI
Markets continue to climb and Michael Farr welcomes Kenny Polcari to give insight into the positive start to 2024. Dan Mahaffee gives us a sobering primer on the mideast, and Michael welcomes Mark Hamrick, Chief Economic Analyst for Bankrate.com, who always has his hand on the pulse of the economy. It's The FarrCast -- Wall Street, Washington, and The World!
Fri, 26 Jan 2024 - 52min - 326 - Stopgap Just Sounds Nicer
A lot is happening across Wall Street, Washington, and The World, and this week's FarrCast runs a little long -- but is jam packed with information! Michael Farr welcomes our special guest, Dana Peterson, Chief Economist of The Conference Board for a dive into the year ahead. But first, Kenny Polcari catches up on the tepid start to the year in the markets, and Dan Mahaffee gives us the rundown in DC, and what the GOP infighting means for the government. Always bringing you insights -- it's The FarrCast!
Mon, 22 Jan 2024 - 54min - 325 - Microwave Market in a Slow-Cooker Economy
The FarrCast is back with special guest Tony Dwyer, taking a deep dive into what has driven the growth of the capital markets in the past decade, and giving us insight into how to invest for coming decades. But first -- Jim Lebenthal joins Michael Farr to assess where the markets are now, and Dan Mahaffee returns to give us an update on DC. It's The FarrCast -- Wall Street, Washington, and The World!
Fri, 12 Jan 2024 - 56min - 324 - New Year -- New Episode!
The FarrCast kicks of 2024 with Jim Iuorio, Matt Leffingwell, and special guest, Lester Munson! Markets are starting the year with a pullback -- but that's not surprising after the hot finish to 2023. Michael Farr & Jim Iuorio discuss trends to watch (and others to ignore!) as the year unfolds. Matt Leffingwell is in this week, pinch-hitting for Dan Mahaffee, and gives us deep insight into Washington, while Les Munson helps expand our view beyond the beltway into what is the state of play in geo-politics around the world. Always bringing you insight into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 05 Jan 2024 - 57min - 323 - FarrCast Top Ten for 2024!Fri, 29 Dec 2023 - 33min
- 322 - I'm Frustrated With My Age Too!Fri, 22 Dec 2023 - 53min
- 321 - Sleeping Easy Is Important
The Dow crosses a milestone and the broader market approaches it's all time high. It's no time to be complacent! Michael Farr talks with Jim Iuorio on the latest market movements and the importance of a discipline. Dan Mahaffee helps us make sense of Washington. And we have a special treat -- fan favorite Jenny Harrington is our special guest! Jenny talks about her experience and how it helps to inform her understanding of the world. A FarrCast not to be missed!
Fri, 15 Dec 2023 - 53min - 320 - Bonus Edition! Complete Bryson Conversation
This week we bring you a bonus segment -- the complete conversation between Michael Farr and Dr. Jay Bryson recorded on November 30. Dr. Bryson shares his insights into the economy, and what he thinks the most likely trajectory for 2024 will be. Last week, we edited the segment for time, but this weekend, take the time to listen to Dr. Bryson's complete comments on The FarrCast -- Wall Street, Washington, and The World.
Fri, 08 Dec 2023 - 22min - 319 - If It Sounds Too Good To Be True . . .
This week we are coming to you with an abbreviated FarrCast. Michael Farr shares his thoughts on the current market, and observations from a recent investment conference where the air was filled with promises. Also, check out our other posting this week, the complete conversation Michael had with Dr. Jay Bryson from November 30.
Fri, 08 Dec 2023 - 16min - 318 - Half Empty or Half Full?
The economy chugs along, but it seems like nearly everyone hates it. The FarrCast is here to help sort through the emotions to help you get a clear view of the economic & investing landscape! This week Michael Farr welcomes guests Kenny Polcari, our political analyst Dan Mahaffee, and special guest, Chief Economist from Wells Fargo, Dr. Jay Bryson. The FarrCast -- Wall Street, Washington, and The World!
Fri, 01 Dec 2023 - 53min - 317 - Michael's Thanksgiving MessageFri, 24 Nov 2023 - 14min
- 316 - Where Is Your Treasure?
On this Thanksgiving week edition of The FarrCast, Michael welcomes Jim Lebenthal for a look at markets. Jim has been pilloried for his outlook this year -- and he has largely been correct. But Jim reminds us to take anyone's forecast, even his, with a grain of salt. Dan Mahaffee joins for a look at politics and geo-politics, and the necessity for, and dearth of, critical thinking. Finally, Michael shares his Thanksgiving message for all of our listeners, and his thoughts on where his treasure lies. Happy Thanksgiving from The FarrCast!
Fri, 24 Nov 2023 - 49min - 314 - The Chaaaaht
A flock of "yes" has appeared on Wall Street, in Washington, and across The World, and Michael Farr is back to dive in to what it means and what comes next. Michael welcomes Kenny Polcari for discussion on what earnings seasons tells about the next moves in the market; Dan Mahaffee takes shot at explaining the moves in DC; and for our special guest, we have Fixed Income Manager Scott Stroud, who gives us some real world "So What?" about the moves in interest rates. Bringing you not just information but insight -- it's The FarrCast! (and stick around to the end for a special Easter Egg!)
Fri, 17 Nov 2023 - 51min - 313 - And Then What?
This week on The FarrCast, Michael Farr opens with a fascinating discussion on investment discipline with Jim Iuorio. Dan Mahaffee gives us an update on DC, and Michael is joined by special guest Stephanie Link for a look ahead. The path for the rest of the year looks positive, but 2024 is murkier -- and that leads back to a discussion on the necessity of robust discipline for the wise investor. Always bringing you insight to negotiate Wall Street, Washington, and The World -- it's The FarrCast!
Thu, 09 Nov 2023 - 44min - 312 - Numbers Too Big to Comprehend (And Real Enough to Terrify!)Fri, 03 Nov 2023 - 55min
- 311 - FarrCast Special: Dr. Jeffrey LackerThu, 02 Nov 2023 - 27min
- 310 - Speaker Who?
Michael Farr is traveling this week, so Harry Jennings steps in as guest host for an abbreviated edition of The FarrCast to catch you up. Kenny Polcari revises his outlook as the markets slide below key levels. Dan Mahaffee joins for a rundown of the new Speaker of the House and what he can expect -- and we can expect -- from the beginning of his tenure. And finally, Harry has arranged for a special guest that we think you'll all enjoy. It's The FarrCast -- Wall Street, Washington, and The World.
Fri, 27 Oct 2023 - 41min - 309 - Don't Say DoneFri, 20 Oct 2023 - 50min
- 308 - Careful When Everybody Is on the Same Side of the Boat
It's a huge week with war in the mideast and the House without a Speaker. Yet the markets continue to inch upwards, and Michael Farr welcomes Jim Lebenthal to analyze the market, and why no can ever be certain of what comes next. Discipline is key to deal with the uncertainty of the future. For our Washington segment, Mahaffee is away this week, but our old friend Matt Leffingwell steps to the mike after spending days behind closed doors with the GOP Caucus to give us a picture of the House, and why we may be without a Speaker for sometime. And finally, Michael is joined by Lester Munson, former Chief of Staff for the Senate Foreign Affairs Committee and an expert on the politics of the mid-East for an examination of the tragedy unfolding in Gaza. Bringing you insight into Wall Street, Washington, and The World -- it's The FarrCast!
Thu, 12 Oct 2023 - 53min - 307 - Keep Your Seat Belt Buckled
It's a turbulent week across Wall St, Washington, and The World, and Michael Farr and his guests help you to discern between signal and noise. Bryn Talkington sees signs of a short term bounce in the markets; Dan Mahaffee sees continued turmoil in DC; and Jim Iuorio gives a great explanation of how the diminishing money supply is slowing the markets down. Always bringing you insight beyond the headlines -- It's The FarrCast!
Fri, 06 Oct 2023 - 45min - 306 - How to Come in for a Landing (Special Segment!)
From time to time on the FarrCast, we record a segment that we feel is so good, so important, that it is worthy of being circulated on its own. Such is the special guest segment recorded at the beginning of season seven with Dr. Jay Bryson, Chief Economist for Wells Fargo. Dr. Bryson, in less than 20 minutes, gives an overview of the difficulty in monetary policy faced by the Federal Reserve, and the implications for investors, in language we can all grasp. Here is Michael Farr speaking with Dr. Jay Bryson from September 28, 2023.
Wed, 04 Oct 2023 - 20min - 305 - Speaking of Dirty Bathwater
The FarrCast kicks off Season Seven with special guest, Dr. Jay Bryson, Chief Economist from Wells Fargo. Dr. Bryson explains the dilemma the Fed, and gives an understandable overview of monetary policy that every investor needs to know (all in less than 20 minutes!) But first up, Michael Farr welcomes Kenny Polcari for a look at the markets, and a look back at a truly troubled market in 1987. Plus, Dan Mahaffee gives us what to expect in the coming government shutdown. Bringing YOU insight into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 29 Sep 2023 - 54min - 304 - Get the Button Ready
Jim Lebenthal guest hosts for a talk with Dan Mahaffee on the shutdown and why it isn't a big deal to the markets -- yet. First up though, Jim welcomes Ben Pace, the CIO of Cerity Partners for a discussion on how the landscape has changed for investors in the last two years, and what questions need to be asked moving forward. Completing six season of insight into Wall Street, Washington, and The World -- it's The FarrCast!
Thu, 21 Sep 2023 - 35min - 303 - The Return of the Axis of Expletive DeletedFri, 15 Sep 2023 - 32min
- 302 - On the Simmer
Michael Farr is traveling this week, so producer Harry Jennings pinch-hits on an abbreviated Labor Day Week edition of the FarrCast. The headlines across Wall Street, Washington, and The World are fairly sedate this week, but Harry talks with Dan Mahaffee and Jim Iuorio about what looks to be coming to the boil as we enter autumn.
Mon, 11 Sep 2023 - 29min - 301 - No Uh-Ah
As Michael Farr wraps up his last show of season six, Jack Bouroudjian joins for a look into his crystal ball, which has been better than pretty much anyones. Jack has been telling us about the productivity boom in AI and other emerging technologies, but this week he warns us as well: the word to listen for is "disintermediation." But first up, Kenny Polcari tell us not to expect smooth sailing in September, and we catch up with Dan Mahaffee on politics and geo-politics. It's The FarrCast -- Wall Street, Washington, and The World!
Fri, 01 Sep 2023 - 57min - 300 - No Victory Lap Yet
This week Michael Farr's special guest is Dr. Jeffrey Lacker, for a preview of Jackson Hole. Dr. Lacker says it's too early to start celebrating, but the last couple of months of data give credence to the idea of the soft landing. But first up, Michael welcomes Jim Lebenthal for a talk on how to invest in an (overly) concentrated market, and Dan Mahaffee explains why flying Air Prigozhin isn't such a great idea. It's The FarrCast! Wall Street, Washington, and The World.
Fri, 25 Aug 2023 - 46min - 299 - Everything Is Less Bad
But everything's good on the FarrCast! Michael Farr returns from his western sojourn to welcome Kenny Polcari for the latest on the markets, and why more of a pullback wouldn't be surprise (or a disaster.) Dan Mahaffee helps catch us up on geo-politics. And for our special guest segment, Michael welcomes back fan favorite, Stephanie Link who's call on the consumer has been spot on. Going beyond the headlines -- it's The FarrCast: Wall Street, Washington, and The World!
Fri, 18 Aug 2023 - 50min - 298 - They're Just Not That Into You AnymoreMon, 14 Aug 2023 - 23min
- 297 - Bodies on the Thorny Branches
The downgrade of US credit isn't good news, but it has come at a time that blowing a little froth off the market is healthy. Michael Farr talks with Jim Iuorio about the technical levels Jim is watching, as well as the fundamental threats and opportunities in the markets. Plus, Dan Mahaffee on the latest in Trump World, and Michael closes with his thoughts on investing in the idea of America. Always bringing you insight -- It's the FarrCast: Wall Street, Washington, and The World.
Fri, 04 Aug 2023 - 42min - 296 - It's Hot Now, But That Doesn't Mean Winter Is Cancelled
The markets drift higher and the economy chugs along. So why is Michael Farr concerned? Reversion to the mean is the theme this week as Michael talks to Kenny Polcari on the markets, and special guest Greg McBride from Bankrate.com on the economy. Plus, Dan Mahaffee on the developments in the Mideast and in China. The FarrCast -- Wall Street, Washington, and The World!
Fri, 28 Jul 2023 - 50min - 295 - A Full Body Sweat
The weather is hot -- and so are the markets! The oft predicted recession remains elusive. Michael Farr welcomes Jim Lebenthal and special guest Jenny Harrington to discuss if there is value left in the markets. Plus, Dan Mahaffee with the DC rundown. Insight into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 21 Jul 2023 - 58min - 294 - The Return of the Row of No
On this week's FarrCast Michael Farr's special guest Daryl Owen and our senior political analyst Dan Mahaffee both talk about dysfunction in the GOP House Caucus and how that is impacting politics and politics. Plus, Daryl shares insights into the world's energy economics, and Dan discusses the long term problems Xi faces in China. BUT FIRST -- Kenny Polcari and Michael talk about the market as the recession hasn't appeared and stocks continue to climb. Insight into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 14 Jul 2023 - 53min - 293 - The New Coke
Jim Iuorio joins Michael Farr to take a victory lap on his market call, last month, but he says he was right for the wrong reasons. Learn what he's looking for next. Dan Mahaffee joins for the latest from DC and Secy. Yellen's trip to China. Michael is joined by special guest Heather Long from The Washington Post for a deep dive into how work life is changing cities, productivity, and the economy.
Bringing you insight into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 14 Jul 2023 - 53min - 292 - The Art of the Possible
This week Michael Farr welcomes Kenny Polcari for a discussion of the astounding performance of the markets year to date. In the second and third segments, Michael talks with Joshua Huminski and Lester Munson on the state of Ukraine, NATO, China, and more -- and what it could mean for the economy and ultimately, your money. It's The FarrCast -- Wall Street, Washington, and The World!
Fri, 30 Jun 2023 - 47min - 291 - How Upset Do You Want to Get?
It's not a pause or a pivot, but a skip, so says the Fed watchers in the know. Michael Farr welcomes guests in the know Jim Lebenthal, Dan Mahaffee, and special guest, Mark Hamrick for a look at what the Fed thinks about the economy -- and what the economy thinks about Fed policy.
Bringing you insight beyond the headlines -- it's The FarrCast! Wall Street, Washington, and The World.
Thu, 15 Jun 2023 - 52min - 290 - Inflation at 4%?
Our special guest, Dr. Jay Bryson, Chief Economist from Wells Fargo, says 4% is sooner rather than later: he expects the next CPI read to be closer to 4% than 5%. He and Michael Farr discuss the resiliency of the economy and a reasonable sanguine forecast. But first, Michael welcomes Kenny Polcari for a discussion on the market surge, and Dan Mahaffee with the developments in the Trump saga. Bringing you insight from Wall Street, Washington, and The World -- It's The FarrCast!
Fri, 09 Jun 2023 - 44min - 289 - Lemme At 'Em! Hold Me Back!
It's been quite a week with Wall Street, Washington, and The World piling into the wreck of the debt ceiling crisis -- yet we appear unscathed. Is compromise and coming together in the middle signaling a new way forward? Michael Farr welcomes Greg Valliere to decipher the politics and policy. Plus, Dan Mahaffee gives his analysis. But first, Michael is joined by Jim Iuorio for his monthly look at the markets, and what he is looking for to signal a broadening of the rally.
Thu, 01 Jun 2023 - 55min - 288 - Finding the Hidden Gems
Jim Lebenthal is Michael Farr's market guest today and they discuss the latest market move, driven by a narrow few stocks. Dan Mahaffee says why he's not expecting a US debt default, and who he is keeping an eye on. And for our special guest, fan favorite Stephanie Link returns for a discussion of where the hidden gems lie in a confused market. Bringing you insight into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 26 May 2023 - 51min - 287 - The Most Hated Kid in Class
The FarrCast is back with markets bumping up against support again, whispers of a debt ceiling deal and The Fed telegraphing they aren't quite done yet. Michael Farr welcomes Kenny Polcari, Dan Mahaffee, and Dr. Jeffrey Lacker, former President of the Richmond Fed, for a dive into what's going on on Wall Street, in Washington, and across the World.
Tue, 23 May 2023 - 55min - 286 - The Apotheosis of Debt Ceiling Webinars
This week on the FarrCast we are sharing with you the audio of a webinar recorded live on May 8, 2023. Michael Farr explores what we know, and don't know, about the debt ceiling debate. Michael is joined by FarrCast regular Dan Mahaffee for a look at the policy and politics, and from Wells Fargo, Michael Pugliese for an examination of the possible economic and market fallout.
Thu, 11 May 2023 - 32min - 285 - Deserve's Got Nothing to Do With It
Michael Farr welcomes Jim Lebenthal this week for an extended discussion on the Federal Reserve and how the investing environment has shifted as the Fed wrestles with inflation and stress in the banking system. Michael is joined by Dan Mahaffee for the Kubler-Ross five stages of death and debt-ceiling negotiations. Insight into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 05 May 2023 - 42min - 284 - The Mouse Has Pretty Good Lawyers
The FarrCast is back with Dan Mahaffee and Michael Farr discussing the changes in the media landscape, and what it means for policy and politics. But first, Michael welcomes Jim Iuorio for market insight and Jim shares where he sees value -- but warns research is needed. For our special guest, we are joined by Joshua Huminski, who shares insight into Ukraine, and the longer run effects of the change in the geo-political balance. Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 28 Apr 2023 - 52min - 283 - Milling About in Act IIFri, 21 Apr 2023 - 56min
- 282 - Un Pied dans la Bouche
We are approaching earnings season and Michael Farr welcomes Jim Lebenthal to talk about what he sees in the markets and what he's looking for next. Dan Mahaffee gives us a breathless rundown of politics and policy from a busy week. And Michael welcomes special guest Jenny Harrington for a discussion of the cross currents in the economy and why investors have to be patient. Bringing insight into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 14 Apr 2023 - 54min - 281 - Flaming Timbers Falling from the Ceiling!
Jim Iuorio joins Michael Farr for his monthly insights into the markets and talks about being uncomfortably right about the markets. Jim's view of the future is reasonably sanguine, but he's the first to say, crystal balls are pretty murky these days. Matt Leffingwell joins Michael for our look at DC, and Matt previews a bombshell New York Times article coming this weekend that could change the calculus in the GOP House. Finally for our special guest segment, Michael welcomes Keith Davis and Scott Stroud, Chief Economist and Senior Bond Manager respectively for Farr, Miller & Washington. Keith and Scott discuss the contradictory signals in the markets, and what to look for as the economy cools. Bringing you insight into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 07 Apr 2023 - 52min - 280 - A Few Missing Toes
The stock market makes a "golden cross" -- Kenny Polcari joins Michael Farr to talk about the movement, and if exuberance is warranted. Dan Mahaffee joins for a discussion on a subtle shift in Chinese priorities, and special guest Mark Hamrick talks with Michael about the crisis in the banking sector, and what to expect from the Fed. Coming to you every week with insights from Wall Street, Washington, and The World -- it's The FarrCast!
Thu, 30 Mar 2023 - 50min - 279 - In Chaos There Is Opportunity
And the world certainly seems to have no shortage of chaos! But to bring a little order to the universe, Michael welcomes the effervescent Kenny Polcari, the studious Dan Mahaffee, and the nigh-upon prescient, Jack Bouroudjian. It's a another great FarrCast bringing you insights into Wall Street, Washington, and The World!
Thu, 23 Mar 2023 - 51min - 278 - Well It Wasn't Boring
It's been a huge week, and The FarrCast is here to make sense of it. Michael Farr begins with a quick look at the SVB collapse and what it tells us about the Fed, the markets, and ourselves. Dan Mahaffee joins for a discussion on the latest from Ukraine with the downing of a US drone in international airspace, and special guest Jim Lebenthal talks with Michael about risk, rewards, and the virtue of patience.
It's a jam packed FarrCast -- bringing you insight into Wall Street, Washington, and The World!
Thu, 16 Mar 2023 - 52min - 277 - You Don't Think Halfway Down the Hill
Michael Farr opens this episode with Kenny Polcari and they discuss markets, and how recent changes may change the way investors think about their portfolios. Dan Mahaffee gives us and update on DC, and for our special guest, Michael welcomes Shannon Saccocia. Shannon gives her long term outlook, and explains some of the disconnects we see in the financial world today.
Always bringing you insights -- it's The FarrCast! Wall Street, Washington, and The World.
Thu, 09 Mar 2023 - 52min - 276 - Bearish -- But Not the End of the World
The FarrCast kicks off this week with our monthly check-in from Jim Iuorio. As always, Jim helps understand the headfakes from the underlying forces in the markets. Next up, Michael Farr welcomes Dan Mahaffee for a look beneath the headlines driving world geo-politics. For our special segment, we get a treat as Michael is joined by Bryn Talkington, who shares great insight into investing for the long haul.
Always insightful, it's The FarrCast! Wall Street, Washington, and The World.
Thu, 02 Mar 2023 - 51min - 275 - Buckle Up! (The Jeff Lacker segment)
Fed Funds rate of 7%? It's a possibility!
In six years and 300 episodes, we've covered a lot of ground on the FarrCast, but there are few if any interviews Michael Farr has done as important and revealing as this from February 23, 2023 with Dr. Jeffrey Lacker. Dr. Lacker is former President of the Federal Reserve Bank of Richmond, and as such was a member of the Federal Reserve Open Market Committee. Jeff's insider insight into the workings of the Fed is must-listen for any investor, or student of economics, as we navigate the uncertainties of the day.
Listen today for a deeper understanding of monetary policy in the post-pandemic economic universe!Mon, 27 Feb 2023 - 24min - 274 - FED FUNDS 7% !?!? (I'd Say Buckle Up)
Michael Farr welcomes Jim Lebenthal to kick off this week's episode with a disagreement on the trajectory of the economy -- and what it means, and more importantly doesn't mean, to investors. Dan Mahaffee peels back more of the onion of Sino-US relations, and for our special guest segment, we have a special treat, Dr. Jeffrey Lacker. Dr. Lacker is a former FOMC member and not only does he help us parse what the Fed is doing, he gives his opinion and where the Fed will have to go to achieve their goals.
It's a FarrCast investors can't afford to miss!
Fri, 24 Feb 2023 - 1h 02min - 273 - Break Glass in Case of Emergency
The markets are chopping about after a strong January -- what next? Michael Farr talks with Kenny Polcari on the cross currents in the data. Matt Leffingwell joins Michael for a look at DC -- and Matt gives a dire warning about tensions with China. For our special guest, Michael welcomes Russia expert Joshua Huminski for a look at where we are one year after the Russian invasion of Ukraine.
It's The FarrCast -- Wall Street, Washington, and The World!
Mon, 20 Feb 2023 - 51min - 272 - Mud and Other Material
Join us on this week's FarrCast as Michael Farr welcomes Kenny Polcari for a discussion on the markets -- and what they both think the market is missing. Dan Mahaffee gives his thoughts on the State of the Union, and Michael welcomes special guest Greg Valliere for a deep dive into geo-political threats to the economy, and the dangers of the upcoming debt ceiling debate.
With insight into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 10 Feb 2023 - 53min - 271 - Bark But No Bite
Markets rise following the Fed meeting. Jim Iuorio tells Michael Farr it's not that the markets didn't hear what Chair Powell was saying: they just don't care. Political analyst Dan Mahaffee gives us a rundown on the debt ceiling dance. Then, for our special guest segment, Michael welcomes Dr. Jay Bryson, Chief Economist for Wells Fargo who outlines the (very narrow) path to a soft landing for the economy, and why he still thinks it's unlikely to avoid recession.
Insight into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 03 Feb 2023 - 52min - 270 - Remember Aisle Seven
The FarrCast is back as new data breaks showing the economy is still chugging along -- but Michael Farr shares what he sees that looks like clouds on the horizon. Dan Mahaffee joins for a discussion of tanks for nothing to Ukraine. And Michael welcomes special guest Mark Hamrick from Bankrate and they talk about the gap between what we wish to be true, and the facts as they stand.
Bringing you Wall Street, Washington, and The World -- It's The FarrCast!
Fri, 27 Jan 2023 - 49min - 269 - A Willingness to Shoot the Hostage
Michael Farr welcomes Kenny Polcari to talk about markets -- after a good start to the year, we've hit some bumps in the road. Dan Mahaffee previews the brewing battles in DC. And Stephanie Link joins for a broader look at the investing landscape.
Bringing you insight into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 20 Jan 2023 - 47min - 268 - A Quick Programming Note -- Listen Today!
Michael Farr will be appearing today, January 18, alongside Philadelphia Federal Reserve President Patrick Harker, Dan Mahaffee from the CSPC, and The Wall Street Journal's Nick Timiraos. The program will cover economic and market forecasts for the coming year.
To watch the program from The University of Delaware live from 3:00 to 5:00pm, January 18 go to:
https://www.facebook.com/CEEEatUD/
OR
https://sites.udel.edu/udlive/economicforecast/
Wed, 18 Jan 2023 - 01min - 267 - The Row of No
Welcome to the FarrCast! This week host Michael Farr welcomes fellow CNBC contributor Jim Lebenthal for a disagreement on market outlook. (But as Jim notes, though they disagree on outlook, their overarching strategies are remarkably sympatico.) Dan Mahaffee joins for a discussion of DC, and we welcome special guest, Lester Munson, for a look at some the geo-political issues facing the world, and what some of the economic implications are.
Bringing you insights every week into Wall Street, Washington, and The World, it's The FarrCast!
Fri, 13 Jan 2023 - 49min - 266 - New Year, Old Problems
We are kicking off the New Year with the Chicago Crew -- Jim Iuorio, Dan Mahaffee, and Jack Bouroudjian. Michael Farr welcomes Jim first as he reiterates he thinks the Bear Market is over -- but tells what technical levels that, if broken, would change his mind. Dan helps us understand what's going on in the House and what it portends for policy making. And in our third segment, the always insightful, always cheerful Jack Bouroudjian gives his thoughts on why he sees recession (and buying opportunities!) ahead.
Kicking off another year with insights into Wall Street, Washington, and The World -- it's The FarrCast!
Fri, 06 Jan 2023 - 56min
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