Tony Muhlenkamp, President, hosted this conference call with Jeff Muhlenkamp, Investment Analyst and Co-Manager, where they discussed what’s been going on this past quarter in the U.S. and abroad.
Jeff talked about Japan’s quantitative easing, Greece’s debt problem, China’s growth challenges, and changes in oil prices and other commodities. He also shared his thoughts on ETF’s, earnings of U.S. companies, and the value of the dollar.
For the Top 20 Holdings and performance data as of the most recent quarter-end, refer to the SMA All-Cap Value Fact Sheet.
The opinions expressed are those of Muhlenkamp & Co. and are not intended to be a forecast of future events, a guarantee of future results, nor investment advice.