The Annex Wealth Management SWOT Podcast
Episodes
What Did the Job's Numbers Tell Us?
06 Apr 2026
Contributed by Lukas
Hosted by Joe Krauss and Chief Economic Strategist, Dr. Brian Jacobsen.
The Pick-and-Shovel Winners Are Still Winning
30 Mar 2026
Contributed by Lukas
Hosted by Joe Krauss and Assistant Research Analyst, Jacob Johnson. Markets are fragmenting fast: while software stocks slide into a full‑blown be...
Deteriorating Free Cash Flow Among AI Spenders
23 Mar 2026
Contributed by Lukas
Hosted by Joe Krauss and Chief Investment Officer, Derek Felske. We are seeing a collision between the massive potential of AI-driven productivity a...
Narrow Job Growth and AI-Driven Productivity.
16 Mar 2026
Contributed by Lukas
Hosted by Joe Krauss and Mark Schaefer, Trader at Annex Wealth Management.
Are Online Purchases Winning?
09 Mar 2026
Contributed by Lukas
Hosted by Joe Krauss and Chief Economic Strategist, Dr. Brian Jacobsen.
Sticky Inflation 2.0
02 Mar 2026
Contributed by Lukas
Hosted by Joe Krauss and Chief Investment Officer, Derek Felske.
Where Money Is Going and Why It Matters
23 Feb 2026
Contributed by Lukas
Hosted by Joe Krauss and Assistant Research Analyst, Jacob Johnson.
AI Shockwaves Reshape Market Winners Again
16 Feb 2026
Contributed by Lukas
Will Gold Keep Going?
09 Feb 2026
Contributed by Lukas
Hosted by Joe Krauss and Dr. Brian Jacobsen, Chief Economic Strategist.
Selective Strength in an AI Market
02 Feb 2026
Contributed by Lukas
Hosted by Joe Krauss and Assistant Research Analyst, Jacob Johnson.
Software Sell-Off Can Lead To Compelling Investments
26 Jan 2026
Contributed by Lukas
Hosted by Nick Hillstrom, Research Analyst.
Credit Card Caps?
19 Jan 2026
Contributed by Lukas
Hosted by Chief Economic Strategist, Dr. Brian Jacobsen.
No Santa Rally, Should We Still Believe?
12 Jan 2026
Contributed by Lukas
Hosted by Chief Economic Strategist, Dr. Brian Jacobsen.
Where is AI Headed In 2026?
05 Jan 2026
Contributed by Lukas
Hosted by Director of Equity Research, Jason Cooper.
Market Broadening.
29 Dec 2025
Contributed by Lukas
Hosted by Chief Economic Strategist, Dr. Brian Jacobsen.
AI Bubble or Boom?
22 Dec 2025
Contributed by Lukas
Hosted by Director of Equity Research, Jason Cooper.
Markets Rise, Risks Remain.
15 Dec 2025
Contributed by Lukas
Hosted by Dr. Brian Jacobsen.
AI Hype, Valuation Risks Rising.
08 Dec 2025
Contributed by Lukas
Hosted by Jacob Johnson, Assistant Research Analyst.
Tech Dominance, Policy Pressure.
01 Dec 2025
Contributed by Lukas
Hosted by Derek Felske, Chief Investment Officer.
Tariffs and Tech Earnings.
24 Nov 2025
Contributed by Lukas
How are tariffs and tech earnings shaping market turmoil right now? Hosted by Jacob Johnson, Assistant Research Analyst.
The Shutdown Impact
17 Nov 2025
Contributed by Lukas
Hosted by Jason Cooper, Director of Equity Research.
Where's The Job Market Headed?
10 Nov 2025
Contributed by Lukas
Hosted by Dr. Brian Jacobsen, Chief Economic Strategist.
AI’s Growing Influence on Market Trends
03 Nov 2025
Contributed by Lukas
Hosted by Jason Cooper, Director of Equity Research.
Keep Three Things in Mind with the Stock Market
27 Oct 2025
Contributed by Lukas
Hosted by Derek Felske, Chief Investment Officer.
Trade and Tariff Volatility
20 Oct 2025
Contributed by Lukas
Hosted by Jacob Johnson, Associate Research Analyst.
Is The High-End Consumer Starting to Feel the Pinch?
13 Oct 2025
Contributed by Lukas
Hosted by Jason Cooper, Director of Equity Research.
Powering Through the Shutdown
06 Oct 2025
Contributed by Lukas
Hosted by Brian Jacobsen, Chief Economist.
Three important rules
29 Sep 2025
Contributed by Lukas
Hosted by Derek Felske, Chief Investment Officer
Retail therapy
22 Sep 2025
Contributed by Lukas
Hosted by Dr. Brian Jacobsen, Chief Economist
AI fueling capital spend
15 Sep 2025
Contributed by Lukas
Hosted by Chief Economist, Brian Jacobsen, and Chief Investment Officer, Derek Felske.
The weakening labor market
08 Sep 2025
Contributed by Lukas
Hosted by Jason Cooper, Director of Equity Research.
The August (strength) surprise
01 Sep 2025
Contributed by Lukas
Hosted by Matt Morzy, Director of Research
2 cuts by Christmas?
25 Aug 2025
Contributed by Lukas
Hosted by Ken Bellinger, Research Analyst
Resilience & Rebounds
18 Aug 2025
Contributed by Lukas
Hosted by Chief Economic Strategist Brian Jacobsen.
Earnings beats galore
11 Aug 2025
Contributed by Lukas
Hosted by Jason Cooper, Director of Equity Research
The job report gets a 'D'
04 Aug 2025
Contributed by Lukas
Hosted by Brian Jacobsen, Chief Economist
Stock dips and growth
28 Jul 2025
Contributed by Lukas
Hosted by Matt Morzy, Director of Research.
The consumer remains strong
21 Jul 2025
Contributed by Lukas
Hosted by Ken Bellinger, Research Analyst.
A mixed bag
14 Jul 2025
Contributed by Lukas
Hosted by Brian Jacobsen, Chief Economist.
2025 so far
07 Jul 2025
Contributed by Lukas
Hosted by Jason Cooper, Director of Equity Research
Valuation threats
30 Jun 2025
Contributed by Lukas
Hosted by Matt Morzy, Director of Research.
It pays to be diversified
23 Jun 2025
Contributed by Lukas
Hosted by Jason Cooper, Director of Equity Research
Tech trade roars back
16 Jun 2025
Contributed by Lukas
Hosted by Derek Felske, Chief Investment Officer.
Cognitive dissonance
09 Jun 2025
Contributed by Lukas
Hosted by Brian Jacobsen, Chief Economist.
An opportunity to rebalance
02 Jun 2025
Contributed by Lukas
Hosted by Derek Felske, Chief Investment Officer.
Policy uncertainty continues
26 May 2025
Contributed by Lukas
Hosted by Ken Bellinger, Research Analyst.
Tariffs now, Tax cuts later
19 May 2025
Contributed by Lukas
Hosted by Matt Morzy, Director of Research.
Intentional Inactivity
12 May 2025
Contributed by Lukas
Hosted by Jason Cooper, Director of Equity Research.
Mangled/Tangled 'Magnificent' 7.
05 May 2025
Contributed by Lukas
Host by Brian Jacobsen, Chief Economist.
Here comes opportunity
28 Apr 2025
Contributed by Lukas
The Bond edition
21 Apr 2025
Contributed by Lukas
Hosted by Ken Bellinger, Research Analyst.
Bull market uncertainty
14 Apr 2025
Contributed by Lukas
Hosted by Jason Cooper, Director of Equity Research.
Bonds step up
07 Apr 2025
Contributed by Lukas
Hosted by Dr. Brian Jacobsen, Chief Economist
Tied for the 5th fastest 10% correction
31 Mar 2025
Contributed by Lukas
Hosted by Matt Morzy, Director of Research.
Bundled Strengths/Weaknesses
24 Mar 2025
Contributed by Lukas
Hosted by Brian Jacobsen, Chief Economist
Recessionary risks are rising
17 Mar 2025
Contributed by Lukas
Hosted by Derek Felske, Chief Investment Officer.
A job report littered with misses
10 Mar 2025
Contributed by Lukas
Hosted by Jason Cooper, Director of Equity Research.
Consumers are concerned
03 Mar 2025
Contributed by Lukas
Hosted by Dr. Brian Jacobsen, Chief Economist Annex Wealth Management.
A lot of DOGE adjacent activity
24 Feb 2025
Contributed by Lukas
Hosted by Jason Cooper, Director of Equity Research, and Ken Bellinger, Research Analyst.
Sticky inflation before tariffs
17 Feb 2025
Contributed by Lukas
Joined by Derek Felske, Chief Investment Officer.
Manufacturing manages a comeback?
10 Feb 2025
Contributed by Lukas
ISM Manufacturing peeks its head above 50 finally but the Service Sector Stumbles. Looking for opportunity? Don't get distracted by the constant Wall ...
Tariffs: One part negotiation, one part reality
03 Feb 2025
Contributed by Lukas
The other 493 stocks in the S&P 500 look strong while the tech sector shows weakness. Opportunity through active management but volatility remains...
Week One. So far, so good.
27 Jan 2025
Contributed by Lukas
So far, so good for Trump 47 but tariff prospects are a weakness. Opportunity by embracing optimism but a ticked-off Trump is a threat.
First year of a new presidency starts today
20 Jan 2025
Contributed by Lukas
Discretionary stocks vs staples is our strength while market volatility creates weakness. The first year of a presidency brings opportunity but the do...
You probably own a lot more tech stocks than you think you do
13 Jan 2025
Contributed by Lukas
Services stay strong while sentiment and valuation show weakness. There is opportunity as fear fades but if the markets don't broaden out soon, we cou...
Outside of the Mag 7, breadth is weak.
06 Jan 2025
Contributed by Lukas
Back in black gold is our strength while bad breadth is becoming a weakness. There is opportunity in real yields and real growth while a threat emerge...
2025. Follow the earnings
30 Dec 2024
Contributed by Lukas
2024 was a magnificent year but international malaise is a weakness. Opportunity with new leaders in a new year but the potential for more volatility ...
You're a mean one, Mr. Fed
23 Dec 2024
Contributed by Lukas
The US economy is resilient while sentiment and valuation pose weaknesses. For opportunity, take the long view while the possibility of inflation rear...
Duration compensation is back!
16 Dec 2024
Contributed by Lukas
Optimism, but inflation's a touch hot. Opportunities, since the Fed won’t defy gravity but will we see tariffs before we hear talk?
The economy keeps chugging along
09 Dec 2024
Contributed by Lukas
The economy keeps chugging but manufacturing continues its weakness. Watch for opportunity in beaten-down industries but watch the threat of high valu...
Risk mitigation. Turkeys have it pretty good. Until they don't.
02 Dec 2024
Contributed by Lukas
Moderating inflation drives improved purchasing power while the air has been let out of software. 2025 earnings acceleration is an opportunity but ign...
Are we in a melt-UP?
25 Nov 2024
Contributed by Lukas
Goodbye uncertainty but higher rates on a valuation headwind are a weakness. Laggards are turning into leaders but remember the risk before the market...
'Boring' is becoming the new 'interesting'
18 Nov 2024
Contributed by Lukas
Special Guest: Brian Kersmanc - Portfolio Manager - GQG Partners
Tax Cut Trump or Tariff War Trump?
11 Nov 2024
Contributed by Lukas
Markets elect to rally but ballet box bond blues are a weakness. Campaigning for change presents opportunity but polling pressures trade and inflation...
Election week
04 Nov 2024
Contributed by Lukas
Good goods growth so far for a strength while valuations pose a weakness. There is opportunity with Election Day on the doorstep but election angst is...
The Halloween Episode
28 Oct 2024
Contributed by Lukas
Strength: The undead dollar. Weakness: Rates Ding Dong Ditch it. Opportunities: Bobbing for duration. Threat: Phantom Market Movement.
Recession warning signals
21 Oct 2024
Contributed by Lukas
Retail sales stay strong while volatility remains in long rates. There's another chance to add duration but recession warning signals are beginning.
AI's 'green shoots'
14 Oct 2024
Contributed by Lukas
Stocks are the strength this week while yields up while certain asset prices are down are a weakness. There is opportunity to get growing at a reasona...
The jobs number and incoming earnings
07 Oct 2024
Contributed by Lukas
Hard data supports a soft landing while returns may have discounted positive future fundamentals. There's an opportunity to get out of cash but reboun...
China's shock and awe
30 Sep 2024
Contributed by Lukas
China gooses its economy while US consumers aren't feeling confident. There was a big cut but little pain, possibly because easing might have been too...
Housing, nukes, and volatility
23 Sep 2024
Contributed by Lukas
Housing appears in both strengths and weaknesses this week. There is opportunity in small caps and natural gas while long yield and election volatilit...
Fed week
16 Sep 2024
Contributed by Lukas
Gold and tech in the strength column while the consumer weakens. Opportunity exists in the relative strength of individual equities post-sell off. The...
Too much emphasis on Fed rate cuts?
09 Sep 2024
Contributed by Lukas
Another hangover like 2019?
02 Sep 2024
Contributed by Lukas
Dr Brian Jacobsen, Chief Economist, and Ken Bellinger, Research Analyst present the Labor Day Weekend edition of the SWOT Podcast.
Time to cut? The Fed vs The Market
26 Aug 2024
Contributed by Lukas
There's broad Fed agreement at the Jackson Hole meeting that it's time to cut, but the Fed and the market are on different pages.
Volatility produces a lot of opportunity
19 Aug 2024
Contributed by Lukas
Inflation continues to abate while the labor market weakens. Opportunity exists through volatility while the threat remains for a Fed policy error.
Sometimes strengths can bleed over to weaknesses
12 Aug 2024
Contributed by Lukas
Strength: inflation abation. Weakness: sales and earnings pressure. Opportunity: financials, dividend growers, and select growth stocks. Threat: a Fed...
"Trading last week looked...frightening"
05 Aug 2024
Contributed by Lukas
Strength: bonds diversified stocks. Weakness: the labor market. Opportunity: selective stock selection. Threat: bad news is now bad news.
Consumers gonna consume
29 Jul 2024
Contributed by Lukas
It's what they do best, consumers consuming---and that's our strength this week. China grasping at straws is a weakness but there is opportunity to ri...
The danger of being too sure of the outcome
22 Jul 2024
Contributed by Lukas
Strength: The Fed's tone is changingWeakness: Tech wreckOpportunity: Ride the rotationThreat: Snowballing negative sentiment
Beware the Red Queen
15 Jul 2024
Contributed by Lukas
Strength: interest rate pressure might be subsiding. Weakness: risk to earnings forecasts. Opportunity: companies that disproportionately benefit from...
A political risk....but not THAT way
08 Jul 2024
Contributed by Lukas
Modest progress toward inflation targets for strength but weakness with cracks in the credit armor. Opportunity exists with cheap protection but econo...
A big week for data
01 Jul 2024
Contributed by Lukas
Our strength is continued US exceptionalism while concentration risks in the economy present weakness. Opportunity exists by not extrapolating the dow...
Will the Fed act properly?
24 Jun 2024
Contributed by Lukas
Nvidia (and chips) are strong while consumers are feeling pinched. There is opportunity with the acceleration of earnings but a threat remains if the ...
A little too cozy in the Magnificent Seven?
17 Jun 2024
Contributed by Lukas
Back on track for inflation but lingering weakness in transportation names. Opportunity with quality growth (and AI has legs!) but complacency in the ...
1st Tuesday November. A date with destiny?
10 Jun 2024
Contributed by Lukas
Interest and dividends are helping retirees but higher rates may eventually bite. There are opportunities in infrastructure and utilities with AI but ...
Growth: Slowing to a crawl
03 Jun 2024
Contributed by Lukas
Strength: Average stock is better than the index. Weakness: Auction anxiety is back. Opportunity: Oversold interest rate sensitives are good for a tra...
NVIDIA kills it
27 May 2024
Contributed by Lukas
NVIDIA is the coolest kid in the class but we're beginning to see a bifurcated economy. Opportunities exist by focusing on quality but a growth scare ...
DOW 40k!
20 May 2024
Contributed by Lukas
A 40,000 DOW is a strength while there are more cracks in the consumer's facade. Why sell in May when you can just stay? And a no-landing but turbulen...
Inflation. A messy sort of data.
13 May 2024
Contributed by Lukas
Rising earnings expectations are a strength but is the labor market beginning to crack? An opportunity exists to rethink real assets but the threat of...