Refer to the SMA All-Cap Value Fact Sheet for the Top 20 Holdings and performance data as of the most recent quarter-end.
In this Muhlenkamp Memorandum:
The first quarter of 2018 was marked by a sharp market and the unraveling of some very popular investment themes. The kicked off in February when wage data triggered inﬂation fears which caused bond yields to jump up and prices to drop…
Register for our Upcoming Webcast
Join Tony Muhlenkamp as he hosts a chat with portfolio managers Ron and Jeff Muhlenkamp. They their views of the recent market swings and their concern of investors’ margin debt. They will discuss their political and economic observations and what they feel is important to monitor.
Archive Available – February 22, 2018 Webcast
Ron and Jeff Muhlenkamp explained that recent tax cuts and deregulation should help keep the economy moving. markets, on the other hand, could be affected by monetary tightening as the Federal Reserve and other central banks reduce or reverse their easy money policies. Tightening of the could cause bond yields to increase and some market disruptions.