I'm an invester and trader who combines a fervent passion for the financial markets with experienced trading skills. My business experience spans three decades and covers multiple disciplines: sales, financial services and management. As a small business owner and salesman on Long Island I successfully ran a home improvement company, specializing in extensions and dormers. In corporate America, I worked in the financial services industry at A.J. Michaels in Hauppauge, New York as a broker. In the property/casualty industry, I held diversified positions in New York, Virginia and Texas as a quality control auditor and as a manager for almost twenty years. During my tenure, I demonstrated decision-making skills, including the ability to recognize, analyze and improve performance situations such as loss control, loss adjustment expense, customer satisfaction, employee development and morale. My service culminated in overseeing the commercial property division in the State of Texas for a major property/casualty insurer before taking an early retirement in 2012. Born and raised in New York, I'm an alumnus of St. Francis University in Loretto, PA, where I earned a BA in History with a minor in Philosophy. I'm an active member of Our Lady of the Atonement parish in San Antonio where I am an altar server. I just celebrated my twenty fifth anniversary as a life member of the American Numismatic Association. An active blogger, me and my wife, Donna, have two children – Denise, who attends New Saint Andrews College in Moscow, Idaho, and Erica, an aspiring writer and author.
Russ Koesterich, CFA, JD, Managing Director and head of Asset Allocation, is a member of the Global Allocation team within BlackRock's Multi-Asset Strategies Group. He serves as a member of BlackRock's Americas Executive Committee.
Mr. Koesterich's service with the firm dates back to 2005, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Prior to his current role, Mr. Koesterich was BlackRock's Global Chief Investment Strategist and Chairman of the Investment Committee for the Model Portfolio Solutions business. Previously, he served as the Global Head of Investment Strategy for scientific active equities and as senior portfolio manager in the US Market Neutral Group. Prior to joining BGI, Mr. Koesterich was the Chief North American Strategist at State Street Bank and Trust. He began his investment career at Instinet Research Partners where he occupied several positions in research, including Director of Investment Strategy for both U.S. and European research, and Equity Analyst. He is a frequent contributor to financials news media and the author of two books, including his most recent "The Ten Trillion Dollar Gamble."
Mr. Koesterich earned a BA in history from Brandeis University, a JD from Boston College and an MBA from Columbia University. He is a CFA Charterholder.
It was in 1994 when I was sitting in my first capital markets class in college and the professor introduced the concept of short selling securities that I fell in love with financial markets. Upon graduation, I moved to NYC and have been living in Manhattan since 1997. I started off in retail brokerage and then worked my way onto a boutique institutional equity sales and trading desk where I and the firm became casualties of the original tech bubble and the bear market of 2002. I then recreated myself into the fixed income and derivatives world where I did hard labor at a major bank throughout the entire financial crisis. All this experience has taught me many lessons about myself, people and markets. My biggest take away is that when it comes to economics, commodities, interest rates, and corporate securities no one knows for sure what is going to happen. If they do, they’re cheating as we’ve come to find out in the wake of the crisis. When it comes to investing, my philosophy is to listen, ask questions, do my own homework, ask myself “does this make sense?” and then form my own opinion as to what I think is going to happen. The rest is up to our old friend luck.
Jesse has been managing money for over 20 years. He began his professional career at Bear, Stearns & Co. and later co-founded a multi-billion-dollar hedge fund firm headquartered in Santa Monica, California. Today he works with a select group of clients at Felder & Company, LLC in Bend, Oregon and publishes The Felder Report.
Avi Gilburt is a lawyer and accountant by training. He formerly was a partner and National Director at a national firm.
Mr. Gilburt is also the Managing Member of Gilburt Financial Services, LLC, which provides:
- Financial market analysis to the public through ElliottWaveTrader.net;
- Elliott Wave market analysis to institutional clients;
- Specific stock analysis to retail clients; and
- Webinars and personal coaching on Elliott Wave analysis.
He is also the Managing Member of the of the consulting firm of Gilburt & Associates, LLC, which specializes in transaction structuring and tax services.
Michael A. Gayed, CFA, winner of the 2016 Dow Award and 2015 NAAIM Wagner Award, is chief investment strategist and co-portfolio manager at Pension Partners, LLC., an investment advisor which manages mutual funds and separate accounts according to its ATAC strategies. Prior to this role, Gayed served as a portfolio manager for a large international investment group, trading long/short investment ideas in an effort to capture excess returns. From 2004 to 2008, Gayed was a strategist at AmeriCap Advisers LLC, a registered investment advisory firm that managed equity portfolios for large institutional clients. In 2007, he launched his own long/short hedge fund, using various trading strategies focused on taking advantage of stock market anomalies. Follow him on Twitter @pensionpartners and YouTube youtube.com/pensionpartners. He has re-released his father's 1990 book Intermarket Analysis and Investing, now available on Amazon.com.
As Chairman of Guggenheim Investments and Global Chief Investment Officer, Mr. Minerd guides the Firm’s investment strategies and leads its research on global macroeconomics. Prior to joining Guggenheim Partners, Mr. Minerd was a managing director at Morgan Stanley and Credit Suisse. He is involved in leadership roles at a number of civically-minded organizations, including Cedars-Sinai Medical Center and Strategic Partners Among Nations.
Bill is Chief Investment Officer of Luby Asset Management LLC, an investment management company in Tiburon, California. He also publishes the VIX and More (http://vixandmore.blogspot.com/) blog and an investment newsletter. His research and trading interests focus on volatility, market sentiment, technical analysis, ETPs and options. Bill was previously a business strategy consultant. When not trading or blogging, he can often be found running, hiking, and kayaking in Northern California. Bill has a BA from Stanford University and an MBA from Carnegie-Mellon University. Visit Bill's blog, VIX and More (http://vixandmore.blogspot.com/)
Ananthan Thangavel is the Managing Director of Lakshmi Capital and Lead Writer for the RealFinance Commodity Analyst Newsletter. He is particularly proud of producing a return 35.01% annualized since inception (through 12/31/11) for his Lakshmi Capital Global Macro ARS clients (www.lakshmi-capital.com/performance).
Mr. Thangavel is frequently interviewed by major media outlets including Forbes and Fox Business. He called the exact top of the silver market in an interview with Bob Lenzner of Forbes (http://www.forbes.com/sites/robertlenzner/2011/04/25/gold-and-silver-due-for-a-10-correction/) and also called gold's collapse in September 2011 (http://video.foxbusiness.com/v/1156274321001/bearish-outlook-for-gold-prices).
Mr. Thangavel authors The Commodity Analyst, a newsletter service that provides weekly in-depth commodity and currency research and trading recommendations as well as daily blog updates to remind investors what to keep any eye out for (www.realfinancenewsletter.com). Ananthan welcomes collaboration and interaction in his Members Forum, a discussion board that allows for direct interaction with Ananthan.
Ananthan Thangavel holds a B.S. in Economics from Northwestern University, and a J.D. from UCLA School of Law.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Scott Grannis was Chief Economist from 1989 to 2007 at Western Asset Management Company, a Pasadena-based manager of fixed-income funds for institutional investors around the globe. He was a member of Western's Investment Strategy Committee, was responsible for developing the firm's domestic and international outlook, and provided consultation and advice on investment and asset allocation strategies to CFOs, Treasurers, and pension fund managers. He specialized in analysis of Federal Reserve policy and interest rate forecasting, and spearheaded the firm's research into Treasury Inflation Protected Securities (TIPS). Prior to joining Western Asset, he was Senior Economist at the Claremont Economics Institute, an economic forecasting and consulting service headed by John Rutledge, from 1980 to 1986. From 1986 to 1989, he was Principal at Leland O'Brien Rubinstein Associates, a financial services firm that specialized in sophisticated hedging strategies for institutional investors.
Visit his blog: Calafia Beach Pundit (http://scottgrannis.blogspot.com/)
Ashraf Laidi is an independent strategist and trader, founder of Intermarket Strategy Ltd. and author of "Currency Trading & Intermarket Analysis". Ashraf is the former chief global strategist at City Index / FX Solutions, where he focused on foreign exchange and global macro developments pertaining to central bank policies, sovereign debt and intermarket dynamics.
Ashraf had served as Chief Strategist at CMC Markets, where he headed a global team of analysts and led seminars and trainings in four continents. His insights on currencies and commodities won him several #1 rankings with FXWeek and Reuters.
Prior to CMC Markets, Laidi monitored the performance of a multi-FX portfolio at the United Nations, assessed sovereign and project investment risk with Hagler Bailly and the World Bank, and analyzed emerging market bonds at Reuters. Laidi also created the first 24-hour currency web site for traders and researchers alike on the eve of the creation of the euro.
Laidi's analysis of currency markets stand out based on his distinct style in bridging the fundamental and technical aspects of the markets.
Laidi's expertise in dissecting Federal Reserve policy, unraveling the cyclical relationships between yield curves, economic indicators and equity market performance has enabled him to predict the Federal Reserve cuts of summer 2007, four months prior to their occurrence at a time when the majority of economists, strategists and traders had anticipated interest rates to be hiked or not changed. He went on to call the record highs in gold and the dollar's break below parity against the Swiss Franc and the Canadian dollar. In June-July 2008, Ashraf persistently predicted the Federal Reserve would continue its rate cuts at a time when Fed funds futures were pricing 95% chance of rate hikes in fall 2008.
Ashraf Laidi's market analysis extends to the study of major equity indices, gold and oil, shedding light on the appropriate signals emerging from these markets and their implications for currencies. His specialty in synthesizing commodities, with risk appetite, market sentiment and Fed policy has won him numerous plaudits. His currency predictions placed him at the top of the 12 and 1-month ranking of FXWeeks currency forecasts and at the top of Reuters monthly Foreign Exchange Poll.
Laidi regularly appears on CNBC TV (US, Europe, Arabia and Asia/Pacific), Bloomberg TV (US, Asia/Pacific, France and Spain), BNN, PBSs Nightly Business Report, and BBC. His insights also appear in the Financial Times, the Wall Street Journal, Barrons, the New York Times, Marketwatch, TheStreet.com, Futures, and a host of other international publications. Besides his habitual media appearances and seminars in English, Laidi has given numerous interviews in Arabic, French, and Spanish to audiences spanning from Canada, Central America and Asia/Pacific.
THE VIEWS IN THE PREMIUM INTERMARKET INSIGHTS ARE STRICTLY THOSE OF ASHRAF LAIDI AND NOT OF CITY INDEX / FX SOLUTIONS OR AN ENDORSEMENT FROM THESE ENTITIES.
His book, Currency Trading & Intermarket Analysis: How to Profit from the Shifting Currents in Global Markets (http://www.amazon.com/Currency-Trading-Intermarket-Analysis-Shifting/dp/0470226234), Web site: www.ashraflaidi.com (http://www.ashraflaidi.com)
Michael Ashton has been a recognized leader in developing the U.S. inflation derivatives market. He traded the first interbank U.S. CPI swaps in 2003 and, as a dealer, was a primary liquidity-provider in that market for two large banks. He represented about one-third of interbank swaps volume during his tenures at those firms. He invented and was the sole market-maker for the CME CPI Futures contract. He has written and spoken extensively about the use of inflation-indexed products for hedging real exposures, and has written more broadly in a commentary format about the rates markets and macroeconomy. Mr. Ashton is currently the managing principal at Enduring Investments LLC. His comments on this site and others are not posted in that role, and no opinions of his should be construed to be recommendations of or to reflect the views of his employer. He recently published "What's Wrong With Money? The Biggest Bubble of All."
Marc Chandler has been covering the global capital markets in one fashion or another for 25 years, working at economic consulting firms and global investment banks. A prolific writer and speaker he appears regularly on CNBC and has spoken for the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009 Chandler was named a Business Visionary by Forbes.
Marc's commentary can be found at his blog (www.marctomarket.com) and twitter www.twitter.com/marcmakingsense
Think B.I.G., by Bespoke Investment Group, provides some of the most original content and intuitive thinking on the Street. Founded by Paul Hickey and Justin Walters, formerly of Birinyi Associates and creators of the acclaimed TickerSense blog, Bespoke offers multiple products that allow anyone, from institutions to the most modest investor, to gain the data and knowledge necessary to make intelligent and profitable investment decisions. Along with running their Think B.I.G. finance blog, Bespoke provides timely investment ideas through its Bespoke Premium (http://bespokepremium.com/) subscription service and also manages money (http://bespokepremium.com/mm) for high net worth individuals.
Visit: Bespoke Investment Group (http://bespokeinvest.com/)