Elevate Market Chat

In the launch episode of Elevate Roundtable, the seasoned team at Elevate Capital Advisors pulls back the curtain on the world of professional investing and holistic wealth management. Join hosts Tom Damon (Investment Operations Specialist and CFA Level 1 candidate), Shane Fleury (Chief Investment Officer), Ken Armstrong (Co-Founder and planning expert), and Kyle Lotman (Wealth Management Advisor and CFA charter holder) for a candid, real-time discussion recorded live on April 15, 2026.The conversation opens with a lively market update amid geopolitical tensions in the Middle East. The S&P 500 surges toward (and nearly hits) its all-time high, even as a fragile ceasefire with Iran hangs in the balance and the Strait of Hormuz remains largely closed, keeping oil prices elevated. The team explores what the market's resilience may be signaling, the risks of short-covering rallies, potential double tops, and why historical data favors buying at new highs over the 3-, 6-, and 12-month horizons, while cautioning against over-optimism given ongoing private credit concerns, AI disruption, and a possible "SaaS apocalypse."The core of the episode dives deep into Elevate's portfolio philosophy: an internally hedged, all-weather-style approach inspired by Ray Dalio's Bridgewater All-Weather and Harry Browne's Permanent Portfolio. The advisors break down their four-bucket framework (stocks, bonds, gold, cash), with a strong emphasis on high-quality businesses purchased at fair prices rather than deep value. They explain why they favor elite property & casualty insurance stocks (like WR Berkley, Travelers, and Chubb) as a superior, inflation-resilient alternative to traditional corporate bonds—highlighting built-in inflation protection from mandatory premiums and the challenges of navigating hard vs. soft insurance pricing cycles.Additional highlights include:The resilience of "forever" quality holdings (Coca-Cola, McDonald's, Hershey, Waste Management) in inflationary environments.Behavioral investing lessons: avoiding "resulting," sunk-cost fallacies, and emotional decisions when trimming speculative names or redeploying cash.Sector rotation signals, opportunities in energy (ExxonMobil, Venture Global LNG), and concerns around pressured SaaS/tech names (Adobe, Intuit, Microsoft, ServiceNow).Closing thoughts on client patience during volatility and the importance of process-driven discipline over short-term noise.Whether you're a client, business owner, or independent investor, this episode delivers rare, behind-the-scenes insights from a highly credentialed team committed to fiduciary wealth stewardship. Educational, transparent, and refreshingly honest—no hype, just thoughtful analysis. Next episode: Thursday, May 21, 2026, with a deeper look at quality stocks and more.Views expressed are those of the speakers as of the recording date and subject to change. For educational purposes only. Investing involves risk of loss. Contact Elevate Capital Advisors for personalized advice.

In this episode Kyle Lottman, CFA, CMT, CPA and Shane Fleury, CFA address the move higher in oil prices with the conflict in Iran. This is in conjunction with equities continuing to feel heavy with deteriorating breadth. They discuss market fundamentals and how predicting markets is anything but easy, choosing instead to focus on risk management. To keep up with some measures of market internals, please check out the link below.https://www.barchart.com/stocks/market-performanceHope you enjoy the latest episode!If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected] consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any rates of return are historical or hypothetical in nature and are not a guarantee of future returns, which may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions and security positions, when sold, may be worth less or more than their original cost.

In this episode of Elevate Market Chat, Shane and Kyle highlight emerging markets and their recent strength. They explore what it means to be invested in emerging markets and historical bullish runs. Will this run be different than failed runs in the past? To keep up with some measures of market internals, please check out the link below.https://www.barchart.com/stocks/market-performanceHope you enjoy the latest episode!If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected] consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any rates of return are historical or hypothetical in nature and are not a guarantee of future returns, which may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions and security positions, when sold, may be worth less or more than their original cost.

In this episode of Elevate Market Chat, Shane and Kyle look at the year ahead and discuss some of the themes that may play out. The SPY has been posting good returns and beating the equal weight SPY. This has not always been the case and brings up an important market dynamic, sector rotation. What will 2026 hold? Thanks for tuning in!To keep up with some measures of market internals, please check out the link below.https://www.barchart.com/stocks/market-performanceHope you enjoy the latest episode!If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected] consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any rates of return are historical or hypothetical in nature and are not a guarantee of future returns, which may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions and security positions, when sold, may be worth less or more than their original cost.

In this episode of Elevate Market Chat, Shane and Kyle start off with a recap of the major indices and the post-earnings move for NVDA. What is the price action telling us about the markets? They move from there to discussing capital efficient businesses and how they can do well over the long term. Thanks for tuning in!To keep up with some measures of market internals, please check out the link below.https://www.barchart.com/stocks/market-performanceHope you enjoy the latest episode!If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected] consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any rates of return are historical or hypothetical in nature and are not a guarantee of future returns, which may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions and security positions, when sold, may be worth less or more than their original cost.

In this episode of Elevate Market Chat, Shane and Kyle recap the major indices which continue to move up relentlessly. AI has been all the rage but there are other opportunities. Where will they power AI centers from? Could it be utilities? What other strong movers are being overlooked by the AI craze? There is more moving beneath the surface and they get into all of that. Thanks for tuning in! To keep up with some measures of market internals, please check out the link below.https://www.barchart.com/stocks/market-performanceHope you enjoy the latest episode!If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected] consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any rates of return are historical or hypothetical in nature and are not a guarantee of future returns, which may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions and security positions, when sold, may be worth less or more than their original cost.

In this episode of Elevate Market Chat, Shane and Kyle discuss the record highs of major indexes, cautioning about the market’s parabolic trajectory and a 101-day streak without a significant S&P drawdown, reminiscent of 2021’s mania. Shane advocates a bottom-up investment approach, focusing on high-quality businesses like CMG and UNH at fair prices, emphasizing long-term holdings and strict risk control, while questioning the Fed’s 25-basis-point rate cut to 4.15% amid rising inflation and a weak labor market, which fuels asset prices but hurts non-asset owners. Gold’s role as an inflation hedge is highlighted, alongside analysis of ORCL 36% surge and INTC's 30% rally, underscoring the importance of managing risk over chasing gains in an overvalued market ripe for a potential 50% correction.To keep up with some measures of market internals, please check out the link below.https://www.barchart.com/stocks/market-performanceHope you enjoy the latest episode!If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected] consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any rates of return are historical or hypothetical in nature and are not a guarantee of future returns, which may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions and security positions, when sold, may be worth less or more than their original cost.

Alternative investments have been a hot topic lately. With equities at all-time-highs, investors are looking for other ways to chase yield. We discuss options out there including structured notes. Who the involved players are and how to participate. To keep up with some measures of market internals, please check out the link below.https://www.barchart.com/stocks/market-performanceHope you enjoy the latest episode!If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected] consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any rates of return are historical or hypothetical in nature and are not a guarantee of future returns, which may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions and security positions, when sold, may be worth less or more than their original cost.

The S&P500 hit new all time highs at the recording of this podcast on July 17th. Shane and I discuss market valuation metrics and how to find opportunity in this market. Other topics covered include interest rates and the FED's impact. To keep up with some measures of market internals, please check out the link below.https://www.barchart.com/stocks/market-performanceHope you enjoy the latest episode!If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected] consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any rates of return are historical or hypothetical in nature and are not a guarantee of future returns, which may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions and security positions, when sold, may be worth less or more than their original cost.

The S&P500 is within 2% of ATH's and there is Turmoil in the Middle East with Iran. Shane and I discuss the latest technicals. risk management and where markets may go from here. To keep up with some measures of market internals, please check out the link below.https://www.barchart.com/stocks/market-performanceHope you enjoy the latest episode!If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected] consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any rates of return are historical or hypothetical in nature and are not a guarantee of future returns, which may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions and security positions, when sold, may be worth less or more than their original cost.

Markets are nearing their all-time highs after a 20% pullback while tariffs continue to dominate headlines. Shane and I discuss the latest technicals. risk management and where markets may go from here. To keep up with some measures of market internals, please check out the link below.https://www.barchart.com/stocks/market-performanceHope you enjoy the latest episode!If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected] consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any rates of return are historical or hypothetical in nature and are not a guarantee of future returns, which may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions and security positions, when sold, may be worth less or more than their original cost.

The S&P500 has been in correction territory and recently rebounded 10% in one day! Shane and I discuss this record move, market internals, The Fed and the Dollar. To keep up with some measures of market internals, please check out the link below.https://www.barchart.com/stocks/market-performanceHope you enjoy the latest episode!If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected] consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any rates of return are historical or hypothetical in nature and are not a guarantee of future returns, which may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions and security positions, when sold, may be worth less or more than their original cost.

The S&P500 has been in correction territory and many are questioning if this is the start of the next bear market. Shane and I discuss the latest levels to be aware of and some of our observations of the market internals. Our meeting also fell on the heels of the latest FOMC meeting. To keep up with some measures of market internals, please check out the link below. https://www.barchart.com/stocks/market-performanceHope you enjoy the latest episode! If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected] consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any rates of return are historical or hypothetical in nature and are not a guarantee of future returns, which may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions and security positions, when sold, may be worth less or more than their original cost.

The general market has been in a consolidation pattern since the year started and there have been three attempts to break through the 610 level on SPY. Shane and I discuss this before getting into sector performance which can be viewed at: https://www.barchart.com/stocks/market-performanceWe then get into the continued outperformance in gold and one of it's main catalysts; gold. If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected] consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any rates of return are historical or hypothetical in nature and are not a guarantee of future returns, which may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions and security positions, when sold, may be worth less or more than their original cost.

2025 is here! Shane and I kick the year off by reviewing 2024 and market expectations for the upcoming year. Forecasting is not our game or how we make money but it is always fun to try. The S&P500 was up 23% in 2024 and that would be a high mark to beat. We then get into earnings, including the latest news on Deep Seek that disrupted the markets. We wrap it all up with a summary of the latest Fed meeting and some discussion of economics.If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected] consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any rates of return are historical or hypothetical in nature and are not a guarantee of future returns, which may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions and security positions, when sold, may be worth less or more than their original cost.

This month’s episode was recorded on November 21st 2024. We discuss the Trump Trade following the election. We also get into Bitcoin's latest run, Warren Buffet and his cash position. Then we wrap it up with discussion of NVDA earnings and it's current valuation.If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected] consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any rates of return are historical or hypothetical in nature and are not a guarantee of future returns, which may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions and security positions, when sold, may be worth less or more than their original cost.

This month’s episode was recorded on October 24th 2024. Over the past few weeks there have been three key interviews with some of the market heavyweights. Stanley Druckenmiller, Paul Tudor Jones and Bill Ackman all shared their views on the market, Fed policy and the election. Given their track records and market experience, we had to include for discussion on our latest episode. Links to the interviews are included below. If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected] Ackman Interview on CNBC: https://www.youtube.com/watch?v=bPdsN_YmP60&t=5sPaul Tudor Jones Interview on CNBC: https://www.youtube.com/watch?v=sLuii2eFsIcStanley Druckenmiller Interview on Bloomberg TV: https://www.youtube.com/watch?v=-4NuOAfZjHo

This month’s episode was recorded on September 26th 2024. The Fed recently carried out a 50bp rate cut. The rate cut has been on the table for a while but what will the implications be? Will investors get what they hoped for? This will also lower short term yields for those with money in short term treasuries. What alternatives exist for a reasonable yield? Shane and I discuss this in our latest episode which was recorded with me on a mountain top and Shane weathering a hurricane. If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected].

This month’s episode was recorded on August 22nd 2024. Shane and I kick discuss what investors might expect out of the Jackson Hole meeting and upcoming Fed Meeting. The S&P500 and individual stocks are showing signs of stretched valuations. We discuss market cycles and how to actively manage a portfolio. Lastly, we address the upcoming NVDA earnings and share some thoughts on whether it's a trade or investment. If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected].

This month’s episode was recorded on July 25th 2024. Shane and I kick off this episode by discussing the "Goldilocks Economy." We then turn to rate cut expectations, markets and TSLA earnings. We wrap it up with a discussion of consumer credit and emerging signs of a recession. If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected].

This month’s episode was recorded on June 20th 2024. Shane and I start this episode off with an update on rate cuts by some of the central banks and what that could mean for the Fed and equities. We then check in on NVDA and some risk management strategies to consider. We wrap it all up with a look at the latest CBO numbers. If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected].

This month’s episode was recorded on May 23rd 2024. Shane and I kick off this episode with a discussion of inflation and adjusted rate expectations. We then dive into commercial and government debt. We’ll finish off by addressing the resurgence of some of the meme stocks including GME before getting into NVDA and their latest earnings release. If you would like to contact Elevate Capital Advisors and submit questions or topics to be covered in future episodes, please do so by submitting them to [email protected]. If you would like to read some of the source material for topics covered in this episode please do so by following the links below: Commercial Real Estate https://fortune.com/2024/03/07/jerome-powell-commercial-real-estate-bank-failures-problem-for-years/https://www.elevatecapitaladvisors.com/news/2023/5/10/market-commentaryNY Fed https://www.newyorkfed.org/microeconomics/hhdcStudent Debt Forgivenesshttps://www.cnbc.com/2024/05/20/student-loan-forgiveness-nears-160b-what-to-know-about-relief-options.html

This episode of Elevate Market Chat occurs the day after the latest GDP release. Shane Fleury, CFA and Kyle Lottman, CFA, CMT, CPA dive into the latest economics and what it might mean for markets. With all the buzz around crypto lately they felt it necessary to cover Bitcoin and ways to own it. Lastly, they check in on the Mag7. Please submit questions to be covered in future episodes by sending them to [email protected].

Join Shane and me as we discuss the latest FOMC meeting and what it means for financial markets. We then discuss whether opting out of social security in your working years if given the opportunity makes sense. Lastly, we cover questions around NVDA and whether it is too late to invest and how could investors have caught the trend early.

NVDA reported earnings this week played a large role in moving the markets higher. Shane and I discuss this, the Mag 7, market fundamentals and financial planning topics investors should be thinking about as the position into 2024.