Marc To Markets

Send us a textOn this episode I am joined by Josh Goodman, Chief Financial Officer and Founding Partner of Frenchette in New York City.  Frenchette won the 2019 James Beard Award for Best New Restaurant in America.  Josh has over 20 years of restaurant experience including leadership positions at Balthazar, Miss Lily's, and the McKittrick Hotel.  We discuss the impact of the Coronavirus on the restaurant industry, how the dining experience will change as restaurants begin to reopen, and how the NYC dining scene may look in the future.        With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material wil

Send us a textOn this episode I am joined by Roosevelt Bowman, Senior Investment Strategist at Bernstein and former Research Analyst at the Federal Reserve.  This is an audio recording from a client webinar on May 18th.  Some of the topics we cover include: Where the market is today and the forecast going forward, the impact of unprecedented monetary policy and potential for inflation, the role of gold in a portfolio, and an update on the municipal bond market. With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed

Send us a textOn this episode I am joined by Tara Popernik, the Director of Research in the Wealth Strategies Group at Bernstein.  This is an audio recording from a client webinar on April 27th.  Some of the topics we cover include: Where the market is today and the forecast going forward, the top planning opportunities in a bear market (including IRAs, trusts, charitable giving, and estate planning), and investment opportunities across the risk spectrum ranging from cash, bonds, stocks, and distressed investments. With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance

Send us a textOn this episode I discuss the market turmoil related to the Coronavirus in the 1st quarter and where markets and the economy go from here.  This episode is a replay of a client webinar from April 13, 2020.   With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This podcast is for informational purposes only and does not constitute investment advice. AllianceBernstein L.P. does not provide tax, legal or accounting advice. It does not take an

Send us a textOn this episode, I’m joined by a panel of sports broadcasters to discuss how the cancellation of sports is impacting both the national mood and the calendar. Tune in to hear our thoughts on how sports should resume in the near future, if and when they do. This episode features: CBS sports broadcaster, Andrew Catalon, whose assignments include the NFL & The Masters; Damon Amendolara from the D.A. Show on the CBS Sports Radio Network; and the voice of Winthrop University Athletics, Dave Friedman.With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does

Send us a textOn this episode I discuss the market turmoil related to the Coronavirus and how to manage a financial plan through a bear market.  This episode is the replay of a client call from March 30, 2020.     With any questions or comments or to discuss your specific situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This podcast is for informational purposes only and does not constitute investment advice. AllianceBernstein L.P. does not provide tax, legal or accounting advice. It does not take an investor’s per

Send us a textOn this episode I discuss the market turmoil related to the Coronavirus.  This episode is the replay of a client call from March 16, 2020.   With any questions or comments, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This podcast is for informational purposes only and does not constitute investment advice. AllianceBernstein L.P. does not provide tax, legal or accounting advice. It does not take an investor’s personal investment objectives or financial situation into account; investors should discuss their i

Send us a textOn this episode I'm joined by Bernstein Chief US Economist Eric Winograd. Eric and I discuss the economic implications of the Coronavirus. Eric talks about what central banks and governments can and can't do to stabilize markets and the economy. He also shares his outlook for interest rates.We then move to a broader discussion about the intersection of politics and economics.  Eric shares his insights into the rise of populism and the impact it has on global economic policy. He details why he believes that much of the political & economic discourse has changed from “left” vs “right” to “populism” vs “cosmopolitan liberalism”. Eric discusses the importance of independent central banks and the impact of budget deficits. We end with Eric’s best ideas to maintain and strengthen the economy.With any questions or comments, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator a

Send us a textOn this episode I do a deep dive into cancer today.   Ellen Neylon, from the Center for Lymphoid Malignancies, talks about what to do should you or someone you know be diagnosed with the disease (5:09).  I’m then joined by Adam Waldman, an executive at TG Therapeutics, to discuss the most exciting advances in cancer treatment, and why he and others believe we are at inflection point in the fight (26:29).  Lastly, I’m joined by Patrick Saunders, a Healthcare Portfolio Manager, to discuss how to approach investment in the oncology, biotech, and healthcare sectors (41:00).With any questions or comments, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be re

Send us a textOn this episode, I switch places and answer questions from Client Advisor, Amanda Beebe about the markets and economy.   We cover an eventful year, starting with what I got right and wrong in my predictions for 2019.   I discuss where stock and bond markets stand now and what you can expect over the next 12 months.  Amanda asks what has me worried for 2020?  We finish with a discussion of how to think of 2020 in the context of your larger investment plan.With any questions or comments, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the

Send us a textOn this episode, we cover IPOs from the perspective of the investor and from individuals who work at or own a private company that is going public. In Part I, I’m joined by Matt Palazzolo, a Senior Investment Strategist at Bernstein, to explain what an IPO is and how investors should think about them (0:00-12:00). In Part II, I discuss with Jonah Gruda, a Partner in the Private Client Services Department of MazarsUSA, how owners and executives at private companies should prepare for an IPO (12:00-14:30). Jonah explains the different types of restricted stocks and options and their tax-implications (14:30-24:30). We discuss risk management techniques and how to incorporate this trans-formative process into your financial plan (24:00-30:00). Any questions or comments, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliat

Send us a textOn this episode we discuss the importance of financial modeling.   People use everything from Excel, to simplistic Apps, to high end models.   What are the pros and cons of these different models?  How important is having a financial model and what is the right type of model for you?   We discuss how a sophisticated modeling can be used for charitable and legacy planning, optimal trust management, and addressing large stock positions.   I'm joined by Bernstein's Director of Research Tara Thompson Popernik.   Any questions or comments, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future result

Send us a textOne of the most discussed topics in recent years is the rise in Artificial Intelligence (AI) and machine learning.   I'm joined by Senior Investment Strategist, Paul Robertson, to understand what AI is, and how companies are using it to increase profitability.  Paul explains that it is not just tech companies, but even more traditional companies like McDonald’s that are leveraging AI.  We discuss how AI is impacting portfolio management and trading strategies, and conclude with a conversation about how AI can, and cannot, be incorporated into your financial plan.     Any questions or comments, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be real

Send us a textWith the new school year upon us I thought I'd take the podcast back to school for Finance 101.  I'm joined by Damon Amendolara of CBS Radio to discuss some of the most important and practical parts of your financial plan.   We cover how much cash to keep in the bank, how to think about student and credit card debt, saving for college, the right size of your mortgage, the impact of a potential recession on the housing market, and the basics of stock and bond investments.       Any questions or comments, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may

Send us a textYouth sports is an enormous industry.  Childhood athletics is no longer just signing up for town rec soccer, little league, or a bunch of teenagers playing basketball at the local court.  If you are a parent or a grandparent, you will be interested in my discussion on the culture of youth sports.  I chat with Jason Sacks, Executive Vice President of the Positive Coaching Alliance, a non-profit whose mission is to highlight the positive impact that sports can have on a child now and in the future.  He shares his insight into the current climate and the business aspect of youth sports, and how to ensure children have a happy and healthy experience with athletics.Any questions or comments, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. Th

Send us a textJoin me as I reflect on the first half of 2019.   I review how my expectations for the year have played out so far and discuss why following the markets too closely can impact your ability to maintain the right long-term strategy. I emphasize why not all "buy/sell" advice is appropriate for everyone and how best to be prepared for the second half of the year.      With any questions or comments, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This podcast is for informational purposes only and does no

Send us a textWe cover the industry from the operator, investor, and legal perspective.  Cannabis is one of the fastest growing industries in the country, but faces a maze of regulatory hurdles.   I’m joined by Jason Klein - Chair of the Cannabis Law department at Offit Kurman; Dan Dolgin - Co Founder of Eaton Hemp; and Moira McLachlan - Senior Portfolio Manager at Bernstein to understand the enormous opportunities and challenges in this space.   With any questions or comments, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast.

Send us a textEarlier this month I was joined in New York City for a lunch and learn with Ted Merwin, the author of the book Pastrami on Rye: The History of the Jewish Deli.   This episode is the recording of that discussion.   Ted covers the origin of the deli, its place in greater New York City culture, expansion around the country, the slow end of the deli era, and what he believes the future holds for this once beloved institution.    With any questions or comments, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This po

Send us a textThis month, we focus on the bond market and interest rates. I’m joined by Matt Norton, Co-Head of Municipal Investing at Bernstein. Matt shares his forecast for interest rates and how best to position a bond portfolio in this environment.  We talk about the pros and cons of a laddered bond portfolio.   Matt shares his views on the stability of state and local government finances.  We uncover an often unseen cost to investors in the bond market and end our discussion by catching up on the status of Puerto Rico, and if Puerto Rican bonds should have a place in your portfolio.With any questions or comments, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will b

Send us a textOn a special Marc to Markets we go about as far away from finance as possible.  I break down College Basketball's March Madness Tournament with Damon Amendolara, host CBS Sports Radio's The D.A. Show, and Dave Friedman, Play-By-Play announcer of Winthrop Basketball and mid-major conference broadcasting legend.  We talk about the types of different pools, scoring systems, and best ways to attack your bracket depending on the rules.   They share the most exciting players and teams in the tournament, and the upset picks who can help you score the points you need to win.   We end with their best bets on the final four and winner of the entire tournament.     The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be r