In this episode, Andy Constan, a veteran Wall Street professional, joins the ReSolve team to discuss the intricacies of the Federal Reserve's interest rate policies, the impact of long-term borrowing rates on the economy, and the role of financial advisors in the investment industry. They delve into a wide array of topics, shedding light on the complexities of asset allocation, the influence of policy makers on market dynamics, and the future prospects of bonds and equities. Topics Discussed • Andy Constan's perspective on the Federal Reserve's interest rate policies and their impact on long-term borrowing rates • The role of financial advisors in the investment industry and the importance of informed conversations between advisors and clients • Insights into the complexities of asset allocation and the challenges of stock picking • The impact of long-term interest rates on the economy and the potential implications for inflation • The role of policy makers in changing market dynamics and the potential effects of their decisions • Predictions for the future performance of bonds and equities, and the factors that could influence these outcomes • The potential impact of government spending and fiscal policies on the expected trajectories of the market This episode is a deep dive into the complexities of financial markets, interest rates, and asset allocation. Andy Constan provides valuable insights from his extensive experience on Wall Street, making this a must-listen for anyone interested in understanding the intricate dynamics of the investment industry and the potential future of bonds and equities. This is “ReSolve Riffs” – published on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management. *ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.