Chief Markets Strategist, Stuyvesant Capital Management
Contributor's Links: Stuyvesant Capital Management

Vincent Catalano, CFA is Chief Markets Strategist, Stuyvesant Capital Management and Global Investment Strategist with Defoe Redmount. Catalano is also co-Founder and Member with Adriatic Capital Partners. Vincent is author of "Sectors and Styles" (Wiley 2006). He is a leading ... more

ALL CONTRIBUTIONS

Buying Versus Doing
How are consumers spending their cash today? The data seem to support consumers are buying (physical items) versus doing things (like travel).
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Follow The Money Laundering
If the political matters to the economy and markets (and it does), then the follow-the-money trail of Trump's financials is a nuclear bombshell that will make the NY Times' bombshell look like a firecracker.
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Concentration Of Wealth And Power
The data exhibited in the accompanying chart shows a disturbingly divergent trend that emerged pre-Covid recession/depression. Now extend this data to companies smaller than those in the Russell 2000 and the picture gets even more ominous.
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It's Alive! The Rising Share Of "Zombie" Firms
The US central bank does whatever it takes to support a broken economic theory.
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Everything Has Limits
If stocks break to the downside in 2H2020, like they did in early 2016, and the Fed intervenes again as they did in early 2016, but stocks fail to respond as they did in 2016, then the game has truly changed. Everything has limits.
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Winners And Losers: It's A Relative Performance Game
Using the 11 US economic sectors as the areas of market analysis, as of the close yesterday here are the relative performance winners and losers since the start of the bear.
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Comments

Latest Comments
Buffett Versus Icahn: "Wall Street Rules" In Action
4 years ago

Gary, It's probably a bit of both but I suspect more due to sub par global growth and the excess supply of everything factor. Vinny

Donald Heisenberg?
4 years ago

Say my name!

Central Bankers – The Great Enablers
4 years ago

Much appreciated, "cousin" Gary.

Be in the lookout for a future commentary re excess capacity of virtually everything and insufficient demand.

Thanks,

Vinny

When This Time Is Different Meets This Time Is Different
4 years ago

Thank you, Wendell. Much appreciated. re your question - it's too complicated to answer in this reply but allow me to make two quick comments. 1 - One contributing factor of low and negative interest rates is the excess supply of virtually everything and an insufficient demand to mop up that excess. This excess supply situation is driven, in large part, by globalization and technology. Look for a future TalkMarkets comment in the coming weeks for more on this. 2 - As a rule, divergences are almost always trend changing signals, by they related to economic conditions or the financial markets. My bet is what is happening cannot continue indefinitely and that consequences - intended and otherwise and most usually bad - will be the result. Hope this is of value to you. Thanks. VInny

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STOCKS I FOLLOW

CGW Guggenheim S&P Global Water ET
FRN Guggenheim Frontier Markets ETF
HYG iShares iBoxx $ High Yield Corporate Bond Fund
SPHB PowerShares S&P 500 High Beta Portfolio ETF
SPLV PowerShares S&P 500 Low Volatility Portfolio ETF
TAN Guggenheim Global Solar Energy Index ETF

TWEETS

PERSONAL BLOG

Latest Posts
Don’t Be A Zucker(berg)
A word of advice: Don’t be a sucker for a Zucker(berg).
Yee Haw!! Welcome President Trump!
Coronavirus cases continue to skyrocket.
Gobble Gobble: Bloomberg Radio
Today I will be co-guesting on Bloomberg radio with Rana Foroohar, Associate Editor at the Financial Times. We will be discussing her latest book, "Don't Be Evil" and the topic of big tech and surveillance capitalism.
Trade Policy Uncertainty
Now that an American president has shown he can take aggressive action to impose tariffs without restraint from Congress, companies in both the US and China are unlikely to forget this risk when planning the location of long-term investment projects.
Krugman: The Economic Problems Are Nowhere Near As Serious As 2008, Or Even 2001
I love Krugman but I do have to ask: Exactly how many economists thought in 2008 that 2008 would be as bad as 2008?
Chickens Coming Home To Roost
Anyone who thinks a plunging global equity markets, negative interest rates and a US 10 year Treasury rate at 1.62% is only about trade and tweets needs to look much much deeper.
President-Elect Kim Kardashian
Reality TV for real!

Work Experience

Chief Markets Strategist
Stuyvesant Capital Management
November 2019 - Present (1 year 1 month)
Member
Adriatic Capital Partners
2013 - Present (8 years)
Nonresident Senior Fellow
Information Technology and Innovation Foundation
April 2009 - Present (11 years 10 months)
Chief Investment Officer
Redmount Capital Partners
July 2018 - October 2019 (1 year 4 months)
President, Global Investment Strategist
Blue Marble Research
July 2001 - July 2018 (17 years 3 months)

Education

NYU, Juilliard School of Music
CFA Institute
CFA, Finance
1984 / 1986

Publications