Join Jonathan Treussard, Ph.D., as he explores the sophisticated challenges of investment decision making in volatile markets. Learn how to overcome cognitive biases, adapt to changing circumstances, and make informed, objective choices for confident market navigation. This educational video offers valuable insights tailored for discerning investors seeking guidance form an experienced investment professional.

In this video, Jonathan Treussard, Ph.D., Founder of Treussard Capital Management LLC, explores the rise of private credit as an asset class post-global financial crisis. He delves into its origins, the concept of regulatory arbitrage, and the shift towards high net worth individuals. Treussard raises critical questions about marketing private credit to a new audience and warns of the potential risks involved.

The more I think about investing, the more I get to a simple punchline: This stuff is really not that hard and this stuff is really, really hard. Hard or not hard, though, it’s all too easy to get turned around. So let’s keep a few things straight.

STAY Sustainable Podcast with Alec Crawford - Olivia Albrecht (ex-PIMCO) and Jonathan Treussard discuss ESG investing and its impact on the financial industry. They address common misconceptions about ESG investing and the challenges of evaluating companies' ESG performance.

At the risk of slight hyperbole, the last couple of weeks have scored mighty high on the market’s Monumental-O-Meter. This is because three months of higher-than-hoped-for inflation can no longer be easily dismissed as "an anomaly on the way down." These persistent trends are now compelling people to rethink even the best-laid plans, starting with our Fed Chairman, Jerome Powell.

The Anatomy Of Bubbles | Jonathan Treussard on Private Credit, Nvidia, and Dangers of “Engineered Yield” (Forward Guidance Podcast with Jack Farley)

Jonathan Treussard contributed to a valuable piece in The Wall Street Journal on good portfolio "spring-cleaning" ideas for investors.

"Jonathan Treussard, founder of Treussard Capital Management, offers a direct approach to analyzing fund costs. “Just look at the expense ratios of your holdings,” he says, likening such an exercise to reviewing subscriptions: You may be shelling out a lot more than you realize."

Read the full article in The Wall Street Journal.

Jonathan Treussard was back on Chuck Jaffe's Money Life Show this week as the Big Interview (Starts at minute 17:00). Jonathan and Chuck talked about:

• The Fed having to decide where it stands on inflation;

• T-Bills and Chill potentially sticking around for a while;

• Nvidia and how to think about risk factors it faces;

• Why you may want to escape life as a client of the Wealth Management Industrial Complex.

Listen on Apple Podcast and Spotify.

Jonathan Treussard joined Adam Taggart on his show, diving into market trends, AI, valuations, and the nuanced world of investment strategies such as engineered yield vs. mortgages. For a blend of insightful and practical perspectives, listen to the podcast on Apple Podcast, Spotify, or YouTube.

• Venturing Beyond Familiar Waters: There is potential value in exploring less familiar asset classes beyond U.S. stocks.

• Navigating Home Bias: Recognize and overcome home bias, especially when certain asset classes, like municipal bonds for income investors, carry a strong "brand" appeal.

• Exercising Caution with “Engineered” Yield: Exercise greater discernment with engineered yield strategies, which often involve selling options, either explicitly or implicitly.

• Treussard Joins WISE Board: Dr. Treussard joins Women Investing in Security and Education, aiming to empower women and girls through financial education and connect them with leading women in finance.

• Trees Don’t Grow to the Sky: Amidst an "everything goes up" market, a reminder that discipline in investing remains crucial.

• Tax Strategies for Investors: Innovative approaches can offer strategic ways to navigate the tax landscape.

• Investment Strategies for the New Cold War: We encourage a thoughtful approach to investing in a world where geopolitical tensions mirror those of the Cold War.

The S&P 500 (which basically tracks the stock performance of the largest 500 companies in the US) closed above 5,000 for the first time ever on Friday. From the amount of financial commentary that this number has produced, you would think we had landed on the moon AGAIN.

Jonathan Treussard returns to Economics Matters to discuss his 2024 market outlook. Jonathan starts off reviewing 2023's remarkable soft landing and surprising stats, including real GDP growth, labor productivity growth, sustained low unemployment, plunging inflation and interest rates, significant gains in stocks and other assets markets, and very low levels of risk. Jonathan then tells us what could go wrong in 2024. Will the economy return to normal or will the banks get further slammed by commercial real estate, a trade war or worse with China, inflation kicking back up, and more?

In the world of investing, when someone is regarded as a skilled investor, people inevitably end up saying things like “Jane can see around corners.” That’s doubling down on the idea of predicting the future with the extra kicker of implausibility that comes with defying the laws of physics. The angle is the angle, and you can’t bend light beams when convenient. Good luck with that.

Welcome to 2024. If the Fed is indeed on the verge of taking rates down, the era of “T-Bill and Chill” may be over. What happens when “T-Bill and Chill” is retired? There are two natural candidates for the next era:

1. “Other Thing and Chill.” Maybe something else comes along that’s as chill as 5% T-Bills. Everyone is happy and investors stay as relaxed as they’ve been.

2. “Hey, what happened to Chill?” Maybe when the vacation is over, stress surges back, and markets are dealt a bad case of the Mondays.

In today’s episode, the three of us kick around a bunch of topics. We talk about asset allocation, investor interest in commodities & TIPS, why Nic hates when people say gold is an inflation hedge, how financial incentives drive behavior, and why that’s an issue in areas like finance and residential real estate.

Financial literacy is a baseline amount of understanding around money concepts. Think of the difference between being literate (being able to read) and being illiterate (not being able to read). We’re talking about whether you can read dosage instructions on your kids’ cold medication. Without basic literacy, the world gets real dangerous real fast, for you and for those you care about the most.

Barely two weeks ago, we were talking about interest rates jumping up in an historic way during September. Not to be outdone, we’ve now had an history-making jump down over the course of 3 days last week. How meaningful was last week’s decline in yields? We study the data to find out.

September 2023 was a very unusual month in markets (October is equally unusual so far). Interest rates on government bonds jumped in an historic manner. At the risk of looking a “gift horse in the mouth,” let’s look into why this move in US Treasuries happened. It seems like a healthy intellectual exercise, especially when the horse in question is the one horse that sets the tone for all the other horse races around town.

At the last Fed press conference, Jay Powell basically took Goldilocks out back and shot her. Everyone should have a plan for the if and the when, and make sure you can live with what your portfolio looks like if we hit a pothole later this year or in 2024.