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Aug 6, 2021

Rick Schmidt, portfolio manager for Harding Loevner, says that investors may have a lot of macro worries -- from rising inflation and interest rates to coronavirus, the economy and more --  but he describes the big picture as being like the weather: 'We don't think we can predict it beyond a couple of days, but it's not silly to look out the window before you go outside. If it's raining, put up an umbrella ... But I'm not going to predict what's going to happen a week from now and try to invest on it.' Schmidt says that if you look beyond the headlines, there are plenty of promising investments with solid fundamentals available at reasonable prices. Also on the show, energy fund manager Brian Kessens of Tortoise Ecofin discusses the sharp rebound and future prospects for the energy space, Mark Hamrick, senior economic analyst for, discusses the unemployment/jobs picture and its bigger meaning for the rest of the year, and Todd Rosenbluth, director of ETF and mutual fund research for CFRA, talks exchange-traded funds in the Market Call.