You Have to Respect Both Sides of the Equation

We are coming to you with another great episode of The FarrCast. First up, Michael Farr welcomes Jim Lebenthal of Cerity Partners and a contributor on CNBC. Jim says the markets aren't quite making sense right now, but with the liquidity of the Fed -- and cash on the sidelines -- a floor is likely in. Jim's sense is the market moves largely sideways this year, but thinks buying opportunities will arise and gives great practical advice on how to take advantage. Jim says he heard a rumor there is an election this year, and for that Michael turns to political analyst Dan Mahaffee. Dan discusses the disruption the pandemic and political rhetoric is likely to cause in the election season -- and effects it could have on the markets. For our special guest segment, Michael welcomes the Wall Street Journal's Nick Timiraos. Nick is one of the leading journalists in the country covering the Fed and his insights on the power, and the limits, of monetary policy give insight in what happens next in the economy and the markets. It's The FarrCast! Wall Street, Washington, and The World.