The Wise Investor Show - Baird

The Wise Investor Group


The Wise Investor Show tackles the most important issues in the investment world today. Our hosts — some of the top advisors in the country — explore a wide range of recent events and trends to help you become a more informed financial decision-maker. The Wise Investor Group is part of Robert W. Baird & Co. Member SIPC.

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736 episodes


This week, Chase looks at Fedex's challenge for the market's attempt to form a level of support at these levels and what it means for a chance at returning to June lows. We contrast two managent team's and talk about some of the benefits and pitfalls of tax-loss harvesting with Matt Anderson.

Sep 17, 2022
What the End of the Bear Market Looks Like

Bear markets end, and you might not recognize it when it happens. If you don't, you may end up paying 20% or more higher for assets than when the bull markets actually getting started. This week, we talk about what the end of a bear market looks like and make preparations for that day.  AVGO was also mentioned in this episode.

Sep 10, 2022
Prediction? Pain.

Simon discusses the Fed's recent hawkish clarification of its monetary policy and how markets have reacted. Simon continues to argue for a grinding range-bound market where company-specific execution will increasingly inform stock prices. He brings on Ann Summerson to examine some of the potential ramifications of new government policy and potential policy changes to come. Companies mentioned in this episode include LHX, V, FISV, and RHX.

Sep 04, 2022
Stuck in the Middle With You

Simon discusses the recent ebbing of the stock market rally off the June lows. He suggests a trading range might take over where selectivity, discipline, and a heightened focus on fundamentals, particularly free cash flow generation, will increasingly come into play. He brings on Nick to discuss the key takeaways and impacts from the Inflation Reduction Act. Companies mentioned in this episode include MTK, ABBV, GNRC, AAPL, DHR, AMZN, APTV, NN CVX, XOM, and JNJ.

Aug 27, 2022
We're Shopping Where the Consumer is Shopping

Today Chase talks about the sustainability of a large market rally since June and with Vasilios Rajendra, they look at the fundamentals of various retail names, as well as talking about the efforts of an activist shareholder of Disney. Companies mentioned in this episode include LOW, DIS, HD, GM, and NFLX.

Aug 20, 2022
It's Okay to Be Confused

Simon discusses the very confusing economic backdrop and suggests that the stock market bounce off the June lows could reflect expectations for a more benign slowdown. He makes the case for APTV, BRKB, and DIS as superior operators in a challenging environment. Greg helps to examine the big picture and how support is coming from some unlikely sources.  Companies mentioned in this episode include BRKB, DIS, APTV, AAPL, and NFLX. 

Aug 13, 2022
Full Employment, Full Inventories

After seeing an oversold market in June, we saw a huge recovery in July. This week we look at what's driving the rally and if it still has potential. Then, a review of mixed reports on Generac. Companies mentioned in this episode include GNRC.

Aug 06, 2022
We're Not Dead Yet!

Simon discusses how the market decline has moved into a new phase focusing more on company-specific execution and outlook. This should increasingly reward the superior operators that have been lumped in with some of the indiscriminate selling over the first half of the year. He brings on Matias Rodlauer to review encouraging earnings reports from DHR, V, and GOOGL. Companies mentioned in this episode include DHR, V, GOOGLE, AAPL, MSFT, AMZN, WMT, and PG.

Jul 30, 2022
Summertime Fun - The Case for a Rally

We're not ready to bet on a bottom but we can look at the data and show why we're likely to see a rally through the summer and maybe more. Also, a look at the merits or lack thereof for ESG investing. Companies mentioned in this episode include DHR, AAPL, INTC, GOOGL, META, and DUK. 

Jul 23, 2022
Back to Bonds

Simon discusses how a well-positioned U.S. consumer is a current silver lining. He then talks about bonds and how investors have been selling precisely at the time they should be considering. He brings on David Mount to review some specific fixed-income strategies and asset classes within that make sense in a possible rising rate and continued inflationary environment. Companies mentioned in this episode include C and JPM. 

Jul 16, 2022
Are We There Yet?

Simon explains from multiple perspectives how difficult it is to quantify what risks are discounted in current stock prices, but guesses that the bottom may not yet be in. He brings on Ann Summerson to discuss the ins and outs of 529 College Savings Plans, including some new wrinkles with respect to financial aid eligibility. Companies mentioned in this episode include JPM.

Jul 09, 2022
Half Time!

The year is half over, and so far it's been historically bad. This week we review how this fits in history and try to gain some perspective from the past, and then review 3 companies from the portfolio.

Jul 02, 2022
Government Policies vs. the Financial Markets

Simon discusses which stock market risks could already be discounted in prices. He suggests valuation multiple compression is well underway but how stocks still need to properly account for the likelihood of declining earnings. He brings on Dan Clifton, Head of Policy Research at Strategas, to discuss the relationship between government policies and the markets and how to appreciate the message of the markets over forecasts. Companies mentioned in this episode include AAPL, JPM, and GM.

Jun 25, 2022
Return of the Waterfall

Simon discusses the recent cascade in stock selling and offers some historical precedent in terms of the depth and duration of bear markets. He also examines the historical relationship between bear markets and recessions. Simon and Vasilios discuss WIG's emphasis on high-quality, high-margin growth companies such as COST, V, and MSFT.

Jun 18, 2022
You're Asking The Wrong Questions

On this week's show, Chase discusses how investors are asking about the chances of a recession and why that's not the question investors should be focusing on. There was big inflation data last week and we talk about what this means for the economy and investors' behavior both in the markets and in their daily lives as Chase is joined this week by a fellow portfolio manager, David Mount. 

Jun 11, 2022
Are We in a Peak or a Valley? Well,...

Nick and Vasilios discuss the key drivers of the market with an in-depth discussion of the Federal Reserve's interest rate policy, inflation, and the talk of recessions. Plus, a review of some common questions from new investors and an explanation of why time horizons matter for evaluating risk.

Jun 04, 2022
Investing in Restaurants

After a wild week and volatile month in the markets, this week Chase explores an investment in a hypothetical restaurant to explain todays equity versus bond investments. Also, a quick breakdown of a big deal from Broadcom and we welcome back Michael Antonelli to discuss investor behavior.  Companies mentioned in this episode include AVGO, and VMW.

May 28, 2022
How Bad and for How Long?

Simon discusses what history says about the depth and duration of bear markets around recessions and non-recessionary environments to help provide some context for the recent drawdown. He also offers a refresher on how individual bond returns work and how it might be time to revisit bond "ladders". He brings on Greg Smith to discuss some planning opportunities around Roth conversions and Required Minimum Distributions. Companies mentioned in this episode include AAPL, WMT, and TGT.

May 21, 2022
Control What is Controllable

Simon discusses how the proper harnessing of one's emotions is much more important to investing success than market or economic influences. he identifies a number of potential pitfalls that investors often lose sight of during times of market stress. He brings on Matias to highlight the positive cases for FBHS and CRL amid the rout in growth stocks. Companies mentioned in this episode include BRKB, CRL, FBHS, MSFT, PLTN, and ZM.

May 14, 2022
Bring An Eraser

With weeks like these, with their rolling waves of volatility, it's difficult to put thoughts on paper or in a recording for that matter. This week we review what's driving the markets, and what the Fed did this past week. We bring on Baird's market strategist, Michael Antonelli, as a guest to share his outlook.

May 07, 2022
Do The Right Thing...

The markets have returned again to January's lows, but corporate optimism is better than Wall Street's outlook. This week we look at those angles and discuss with Matt Anderson CFP® how to maintain a sustainable withdrawal rate with lower returns and higher inflation. Stocks mentioned in this episode include FISV, MRK, AAPL, and AMZN.    

Apr 30, 2022
Are the Market Highs In?

Simon reviews a list of market indicators and characteristics that have been present at the important market tops in 2000 and 2007. The current conditions suggest caution, yet investors should refrain from making drastic portfolio moves. Simon and Vasilios review the strong cases for owning DIS, FISV, V and STZ.

Apr 23, 2022
Not Everyone Gets a Trophy

Simon discusses the impact of higher interest rates on stock valuations and how there will be greater performance divergence when not "everyone gets a trophy". He also discusses the recent treasury yield curve inversion and the rout in bonds. He brings on Ann Summerson to review the important facets of the Secure Act and what is proposed in Secure Act 2.0 legislation. Companies mentioned in this episode include FB, GOOGL, AAPL, AMZN, ZM, DOCU, NFLX, NVDA, CRM, and MSFT.

Apr 16, 2022
Vacuuming the Cash

This week a Fed governor updated the story and said they'd be sucking cash out of the market faster than previously thought.  However, that's opened the door for other investments, which we discuss on this week's show.

Apr 09, 2022
I'm Surrounded by Idiots

On this week's show, we put out a warning to be wary of who you're listening to and who's being presented as an expert. Too many fools are brought before us each day.  Then we talk about the different needs of different generations with guest Nick Sorden this week.

Apr 02, 2022
It's the Economy, Stupid!

Simon discusses the regime change at hand given the end of the Quantitative Easing era and its implications. He highlights slowing growth as the main concern and examines historical relationships between recessions and the stock market. He brings on Greg to discuss the possible timeliness of Roth conversion strategies, as well as pairing them with charitable giving plans.

Mar 26, 2022
The Fed Goes a Bit Further (Than Expected)

Front and center this week was the Fed raising rates, making some things more expensive to fight inflation. On this week's show, we talk about what that's doing to the markets, what wasn't expected in their statement, why the correction may be over, and bring on John Kinzer, Vice President and Senior Loan Officer at The Kinzer Group, to talk about what this means for mortgages. Companies mentioned in this episode include LH.

Mar 21, 2022
The Fed Goes a Bit Further (Than Expected)

Front and center this week was the Fed raising rates, making some things more expensive to fight inflation. On this week's show, we talk about what that's doing to the markets, what wasn't expected in their statement, why the correction may be over and bring on a guest to talk about what this means for mortgages. Companies mentioned in this episode include LH.

Mar 19, 2022
EV, or Not EV: That Is the Question

Simon discusses and puts in perspective the financial markets' four central concerns: the Ukraine invasion, falling stock valuation multiples, inflation, and slowing economic growth. He brings on Vasilios to discuss the rise and recent fall of Electic Vehicle-related stocks and how very attractive growth opportunities for the space are here to stay.  Companies mentioned in this episode include AMZN, APTV RIVN, GM, F, HYMTF, HMC, NSANY, TM, and TSLA.

Mar 12, 2022
Would You Mind Not Shooting at the Thermonuclear Weapons?

John Travolta's psychopathic character in Broken Arrow knew better than to shoot at the nukes, but this week the market didn't like that Putin didn't seem to mind. What does that and the Fed chair's testimony this week mean for an investor? We look at that and talk to one of our analysts on this week's show. Companies mentioned in this episode include GNRC, ABBV, and AVGO.

Mar 05, 2022