← The Veteran Entrepreneur Masterclass Podcast
Mar 23, 2023 · 50 min
The stock market is often considered the barometer of the economy. It reflects the collective sentiment of investors toward the performance of publicly-traded companies and the overall state of the economy. Its constantly fluctuating values, however, may cause investors to feel uncertain about how to approach their investments. While market volatility offers a distinct mix of opportunities and challenges, how can investors not just survive but thrive in today's economic environment? In this episode, Brett shares a conversation with Mike Hurley. A seasoned market veteran who has performed successfully on both the buy and the sell sides, Mike talks about the stock market. He dives deeper into the impact of inflation on business owners, investors, and home buyers, his economic outlook for the next quarters of 2023, and what advice he gives advisors and investors to navigate this ever-changing economic landscape. Mike Hurley serves as Chief Market Strategist and Portfolio Manager for NexPoint Advisors. He is also the Chief Investment Officer for NexAdvisors. Before joining NexPoint Advisors, he launched 2 of the first 100 alternative mutual funds, including the Fusion Global Long/Short Fund (FGLSX), which posted a positive return in 2008 and won the Lipper Performance Achievement Award in the Long/Short category for the one year ending December 31, 2008. Mike also served as Chief Technical Strategist for several boutique research firms, including SoundView Technology Group and E*Offering (The Investment Bank of E*TRADE). From 1986 to 1994, Mike served as a commissioned officer in the United States Navy, where he flew over 50 combat missions during Operation Desert Storm, earning two Air Medals. In This Episode 01:31 - Backstory of Mike Hurley 05:15 - Mike's thoughts on the stock market 08:18 - A look at the stock market's trends 18:37 - The impact of inflation on the economy 21:44 - How higher interest rates affect US debt 28:48 - An analysis of inflation trends 35:18 - Mike's economic outlook for the next quarters of 2023 40:49 - How rising interest rates affect home buyers 43:00 - Mike's advice for financial advisors 46:31 - Mike's thoughts on how business owners and investors can navigate the ever-changing economic environment Favorite Quotes 05:56 - "Markets trend in both directions, and people often forget that. They often forget it right about when they're ready to make a turning point." - Mike Hurley 28:05 - "The stock market is a leading economic indicator. So, when you go to plan your investments, speak to a trained professional. Don't just plan for your retirement based on what you're reading in the headlines." - Mike Hurley 43:01 - "I always suggest advisors who have clients who want some income to put them in bonds with a maturity date or actual bonds instead of bond funds because when the bond matures, they get their money back." - Mike Hurley 47:23 - "If you're running a different business, find a great advisor who's in touch with having a good plan and good products at his service so that he has a different tool for a different environment." - Mike Hurley 47:34 - "Not everything's a nail. You just can't go through life with a hammer. You have to generate income differently. Sometimes you have to protect a portfolio differently." - Mike Hurley Engage with Mike Hurley LinkedIn NexPoint Connect with Brett Henderson: 310-491-7975 Swe90.com LinkedIn: Brett Henderson Strategic Wealth Endeavor Listen to The Veteran Entrepreneur Masterclass Podcast Apple Podcast Spotify Google Podcast