Under the Surface: What Today’s Market Is Really Telling Us
📆Date: Wednesday October 21st
⏰Time: 4 PM Eastern / 3 PM Central / 1 PM Pacific
The market appears strong right now. Major indexes remain near record highs.
But about 60% of S&P 500 companies were trading more than 20% below their respective all-time highs.*
That contrast is one reason our Investment Committee believes this is an important moment to take a closer look at the forces shaping today’s market.
In our view, four interconnected factors deserve particular attention right now:
Inflation. Interest rates. Valuations. AI.
Together, they are influencing where we see opportunity, where we believe caution is warranted, and how we think about positioning portfolios through the remainder of Q4.
On Wednesday, October 21, the Meristead Investment Committee will go live to discuss:
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How higher rates and persistent inflation are reshaping the investment landscape
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What elevated asset prices could mean for investors
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How AI is changing where we see both upside potential and risk
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Why the major indexes may not be telling the full story
We’ll also share how we’re thinking about growth, income, and protection in the current environment.
Join us for a timely conversation about what we believe matters most in the market right now and what we’re watching from here.
Thinking About Your Investment Strategy?
Whether you manage your own investments or already have a financial strategy in place, sometimes a fresh perspective is all it takes. Fill out the form below to schedule a meeting with a member of our team.
Hosts
Austin Root
Chief Investment Officer
Austin Root is the Chief Investment Officer at Meristead Wealth (formerly Stansberry Asset Management) , where he oversees the development and management of investment strategies across all portfolios. He brings extensive experience from his previous roles as Director of Research at Stansberry Research and portfolio manager for Stansberry Portfolio Solutions.
Before joining Meristead, Austin co-founded North Oak Capital, a New York-based hedge fund backed by Julian Robertson and Tiger Management. He also held senior investment roles at SAC Capital Advisors, D.F. Dent & Company, and began his career at the Blackstone Group. Austin holds an MBA from Stanford Graduate School of Business and a BS in Commerce from the University of Virginia. Austin resides in Maryland with his wife and three kids and enjoys golf, exercise, card games, and, yes, spends even a lot of his free time learning about businesses and what makes them tick.
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Michael Joseph, CFA
Deputy Chief Investment Officer, Portfolio Manager
Michael is a Portfolio Manager and Deputy Chief Investment Officer at Meristead Wealth (formerly known as Stansberry Asset Management.) His duties include sourcing investment opportunities and conducting ongoing due diligence across Meristead’s portfolios. Michael manages our Income and Tactical Select strategies.
Prior to joining Meristead, Michael worked with high-net-worth private clients for the largest independent wealth management firm in the United States. He was also a senior analyst for one of the largest investment-grade bond managers in America. Michael joined Meristead in 2017.
Michael’s investment thinking has been featured in dozens of articles published in Fortune, Kiplinger, and Advisor Perspectives. He is the author of “A Dollar for Fifty Cents: Proven Strategies to Outperform the Market with Closed-End Funds”.
Michael holds an MBA from the University of California, Davis and a BA from San Francisco State University where he majored in History. He earned the Chartered Financial Analyst (CFA) charter in 2017.
Michael currently resides in Arizona with his wife and two children. He serves as a Board Member for Copper State Credit Union and is an Advisory Board Member for the Arizona Council on Economic Education.
