188: Q4 Stock Market Check-In w/ NEOS Funds
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What is the main topic discussed in this episode?
Hey everyone, and welcome back to the Rich Habits Podcast, a top 10 business podcast on Spotify brought to you by public.com. By the end of today's episode, you're gonna understand the biggest news to hit the income ETF space all year, Neos joining forces with Goldman Sachs, what it means for your money if you're already a Neos investor, why every shareholder needs to actually vote their shares, and where Q4. Is shaping up when it comes to the Federal Reserve now hiking interest rates, the CPI prints, this hot IPO market. We've got a fun episode and I can't wait to dig in. My name is Austin Hankwitz and I'm joined by my co-host Robert Croak. Robert is a seasoned entrepreneur with lifetime revenues of over 300 million, and I'm a multimillionaire in my early 30s with a background in finance and economics.
As the show name might suggest, every episode. Episode. We talk about rich habits as they relate to business, finance, and mindset. So, Robert, what are we talking about in today's episode? Today we've got two guys.
Back on the show who don't need much of an introduction at this point, Troy and Garrett from Neos Investments. And they're coming back at a pretty exciting moment because last month Goldman Sachs announced it's acquiring Neos. That's Goldman deciding Neos Options Income ETF lineup is worth building their entire active ETF platform around. So again, we're super excited to have you guys, Troy and Garrett. Welcome to Yeah.
Thanks, Rob. So before we revisit the Goldman Sachs conversation, because we had you back on the Rich Habits Radar a couple weeks ago to talk about that in real time, I want to zoom out and talk about the macro picture because I just tuned on to CNBC and saw the Federal Reserve as hiking interest rates for the first time in three years. This comes as inflation ha still has a three percent to it, right? So it's a three handle there. Iran tension seems to be a little bit. Seem to be heating back up. We're doing some stuff over there now more actively. Trump just tried to offer every adult in America five thousand dollars if the Republicans win the House and the Senate. Anthropic, you know, they have this big IPO coming up, two trillion dollars.
Open AI is saying we're not gonna IPO now because of AI safety. From where you two sit right now, what is the setup for the rest of the year, especially now that the Fed has high? hiked interest rates.
Yeah, I think what I heard certainly from the press conference today, you know, and obviously seeing the the interest rate hike, I think it's still really about the Fed. And what we're hearing from investors is the same. It it's what is this gonna look like? I think the twenty-five basis points, the market initially took that as, you know, a sign of what their expectations were, you know, and some of that being priced in. But if but if you heard from worse today, they believe that the economy is in a good position. Position, right? And then in a strong enough position in order to hike interest rates to twenty-five basis points. Obviously, he's n he's not looking to give too much of a foreshadow of what's going on in the future, but certainly looking at, you know, more recent economic data, strong jobs numbers.
You know, that was obviously a big factor, it seemed like in their, you know, decision. But also just really thinking about where are we today with asset prices? And I think they're a bit more focused on right, contagion and the general asset prices of maybe geopolitical events on energy prices are one thing, but they don't want that to cascade across, you know, into the broader economy for the for the average investor and the average person, you know, to be paying more at the grocery store, you know, for for standard utility-based. Expenses. So I think that's a big focus of where we're headed. Obviously, some indications from the rest of Fed governors that there's probably future hikes on the table, but he really kind of took off any type of foreshadowing, you know, coming from himself.
So I think overall volatility is here, volatility is going to continue.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00β7:36
2
What macro economic factors are shaping the market outlook for Q4 2026?
7:36β11:51
3
How is the Federal Reserveβs recent rate hike expected to impact incomeβgenerating ETFs?
11:51β35:05
4
What does the Goldman Sachs partnership mean for NEOS Funds and investors?
35:05β1:00:24
5
Why should NEOS shareholders vote their proxy and what are they actually voting on?
1:00:24β1:00:38
Speakers
2 identifiedMore from Rich Habits Podcast
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