Anthony Wilhelms - Podcast Details

Shows

Be Real with Nicolet BankNavigating Tariff UncertaintyWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Adam Longlais and Erik Zurek discuss:Q1 2025 GDP #sOutperformance of Gold in 2025Job Data on FridaySoft data vs hard dataVolatility in interest ratesFederal Reserve target Rate PathMid-cap > Large-capGeographically Diversified PortfolioShow Notes:Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/Looking for access to our prior podcasts and webinars? Check out The Vault Blog - Nicolet National Bank (nicoletbank.com)Contact information for Anthony Wilhelms, Adam Longlais, and Erik ZurekAlthough we believe...2025-05-0222 min

Be Real with Nicolet BankMarket’s Response to TariffsWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Adam Longlais and Erik Zurek discuss:Dividend Yield Stocks YTD – Discussion of rates and why dividend yield stocks are performing so well International Stock outperformance to begin the yearMLPs – commodities/data centers and energy consumption and if you want reason for some of the recent weaknessInflation reaccelerating/ balance of higher uncertainty and inflation Show Notes:Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/Looking for access to our prior podcasts and webinars? Check out The Vault Blog...2025-03-0718 min

Be Real with Nicolet BankNavigating Financial Trends and Predictions for 2025Welcome to the Nicolet Wealth Management Investment Podcast. We start the episode off saying goodby to Mike Steppe. Mike Steppe and Adam Longlais discuss: How have the financial markets performed over the past couple of weeks?What is the likely impact of the recent employment report? As we enter mid-January, the next round of earnings numbers are released. What is the expectation for earnings in the fourth quarter? Are the results likely to track better or worse than expectations? The returns in the energy sector significantly lagged (S&P 500 Energy Sector up 5.72%) the broader market in 2024. Do you exp...2025-01-1027 min

Be Real with Nicolet BankMarket Update and a Continued Look into 2025Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:How have the financial markets performed over the past couple of weeks?A number of the MAG 7 stocks have outperformed the S&P 500 index over the past three (3) months. Do you expect the MAG 7 stocks to perform well in 2025?Cyber Monday spending was up 7.3% in 2024 versus 2023. Do you expect consumer spending in the US to remain strong as we enter 2025?Is the Fed likely to continue cutting overnight interest rates? What rate on overnight interest rates should we expect by June 30, 2025? Why...2024-12-1320 min

Be Real with Nicolet BankMarket Update and Look into 2025Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:How have the financial markets performed over the past couple of weeks?What are earnings per share projected to be for S&P 500 Index companies in the fourth quarter of 2024 and for the full year 2025?Are you expecting the positive trend in consumer spending to hold up through the Christmas season?As we look into 2025, what are the key challenges facing the US housing market?Are investors starting to anticipate higher corporate earnings from lower corporate taxes in 2025?Despite the stronger...2024-11-2920 min

Be Real with Nicolet BankPost Election Market UpdateWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Erik Zurek discuss:With the republican election, will the expected tax cuts provide a boost to US GDP growth in 2025?Why is the US dollar strengthening after the election? Do you think the new administration will use tariffs as part of their trade policy? How does this likely impact global growth rates?In the post-election financial markets, the US equity markets have performed strongly. Do you expect this positive trend to continue?In the equity markets, what jumps out at you in terms of ele...2024-11-0717 min

Be Real with Nicolet BankNov 1st Pre-Election Financial Market UpdateWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:How have the financial markets performed over the past couple of weeks?What are the implications of the recent employment report?Are third quarter earnings coming in as expected? Any surprises among the high profile Magnificent 7 companies that have reported over the past two weeks?Are corporate profit margins expanding, flat or contracting?Do you expect value-oriented stocks to continue outperforming growth-oriented stocks?Are higher dividend paying stocks becoming more attractive?What is driving the volatility in the Chinese equity market...2024-11-0126 min

Be Real with Nicolet BankInterest Rate Moves, Equity Markets, and the Upcoming ElectionWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:How have the financial markets performed over the past couple of weeks?Will the recent hurricanes impact the economic data over the next several months?In the equity market, what sectors will likely be most impacted by the upcoming election?Do you think that the Magnificent 7 stocks will outperform the S&P 500 index over the next year?Why are bank stocks moving higher (year-to-date the KBW Bank Index is up over 30%)?Will the Chinese stimulus (fiscal and monetary) be effective in...2024-10-1826 min

Be Real with Nicolet BankExcitement in the Economy in this Market Update 10.4.24 PodcastWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:How have the financial markets performed over the past couple of weeks?What are the important elements in the September employment report?Are you surprised that US GDP growth has remained so strong (GDPNow forecast of 2.5%) for the third quarter 2024? Most economists were projecting less than a 2.0% annualized pace for the quarter.Does the US port strike cause concern that inflation will re-emerge as a problem in 2025?What will be the impact of Saudi Arabia boosting crude oil output?Will the...2024-10-0421 min

Be Real with Nicolet BankFed Rate Cut and Financial Markets Performance - 9.20.24 PodcastWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:Were you surprised by the Fed rate cut of 50 bps on overnight interest rates?How have the financial markets performed over the past couple of weeks?Will lower overnight interest rates be a positive for the equity markets? Are there any sectors that do especially well as overnight rates shift lower?As you look out over the next year, do you think the Magnificent 7 stocks will outperform the S&P 500 index?So far in 2024, the financial sector has slightly outperformed the...2024-09-2012 min

Be Real with Nicolet BankFinancial Market Updates 9.6.24 PodcastWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:How have the financial markets performed over the past couple of weeks?What are the important elements in the August employment report?Why have some of the Magnificent 7 stocks drifted modestly lower over the past couple of weeks?With consensus earnings per share figures for the S&P 500 companies projected at $242.42 for 2024 (up 10%) and $278.92 per share for 2025 (up 15%), do you think that these earnings expectations are realistic?Do you see value stocks outperforming growth stocks over the next twelve months? Why a...2024-09-0624 min

Be Real with Nicolet BankStrong Rebound in the Equity Market 8.23.24 PodcastWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Henningsen discuss:How have the financial markets performed over the past couple of weeks?Is the Federal Reserve likely to cut interest rates at the FOMC meeting on September 18th?With the strong rebound in the equity market especially with the Magnificent 7 stocks over the past two weeks, do you remain cautiously optimistic on the equity market?Were second quarter earnings as good as expected? What is the earnings outlook for the rest of the year? Why are utilities performing so well in...2024-09-0321 min

Be Real with Nicolet BankWhy did the market recover so quickly? Is the yield curve going to stay inverted? 8.9.24 Market UpdateWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Anthony Wilhelms discuss:What triggered the large drop in the equity market over the past week?Why did the market recover so quickly?Is the US economy slowing? Are we likely to have a recession?Is the Fed going to cut interest rates at the FOMC meeting on September 18th? Is the yield curve going to stay inverted? What triggered the problems in the Japanese currency market and equity market over the past two (2) weeks? Are there any lessons for the US dollar in thi...2024-08-0922 min

Be Real with Nicolet BankIs the US economy slowing?Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:What has happened in the financial markets over the past three (3) weeks?Is the US economy slowing? Is there anything unusual in the setback of S&P 500 index over the past few days? Is an almost 5% setback normal in historical terms? How are second quarter earnings coming in over the past two weeks? Why have US bank stocks performed so well in July? With travel up, why have airline stocks been so volatile (composite index down almost 13% since peaking in mid-May)? Is the...2024-07-2620 min

Be Real with Nicolet BankUS Equity Market Record Highs, International Discounts, and more. Market Update 7.12.24.Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Erik Zurek discuss:What has happened in the financial markets over the past three (3) weeks?Was the negative report on CPI for June a surprise to the financial markets?Last year, S&P 500 earnings projections started 2023 with a 9% growth projection that decreased over the year to 1%. This year, earnings projections started 2024 with over 10% growth forecasted and these projections have stayed above 10%. Why the difference? What is driving the US equity market to consistently set new record highs on the S&P 500 index? Do you thin...2024-07-1321 min

Be Real with Nicolet BankFinancial Markets Update with Outlooks - Podcast 6.14.24Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:What has happened in the financial markets over the past three (3) weeks?What are the implications of the recent employment report and the consumer price index (CPI) release?What is the outlook for consumer spending?Why has the utility sector performed so well in 2024?Does it concern you that the S&P 500 Equal Weight Index peaked in price back in March and has not tracked to new highs along with the capitalization weighted S&P 500 Index?What is the outlook for...2024-06-1425 min

Be Real with Nicolet BankFinancial Market Recap, Employment Report Implications, and the Equity Market Setback 5.3.2024 PodcastWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:What has happened in the financial markets over the past month? What are the implications of the recent employment report for the US economy and inflation?What are the catalysts for the recent equity market setback? How prolonged might this slump be?How are first quarter earnings per share coming in for the S&P 500 companies?Do the large and expanding US budget deficits create a concern level for US equity investors? Why are commodity prices moving higher? What is your outl...2024-05-1628 min

Be Real with Nicolet BankInflationary Pressures and the Inverted Yield Curve, in this Market Update 4.19.24 PodcastWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Anthony Wilhelms discuss:What has happened in the financial markets over the past month?Do you think that the Fed is going to cut overnight interest rates? What is thelikely timing of rate cuts?Do you believe inflationary pressures will be subsiding over the next severalyears?Will the yield curve remain inverted during 2024?Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms...2024-04-2923 min

Be Real with Nicolet BankFinancial Market Update, S&P 500 Record Highs, and the Housing MarketWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:What has happened in the financial markets over the past month? What is the impact of the recent FOMC meeting? Where will overnight interest rates be trading at year-end 2024?What continues to drive the S&P 500 index to record highs?At this point, do you feel the technology sector should be overweighted, neutral weighted or underweighted? Is the US equity market reaching a “bubble level”?Why has the performance of US small cap equities lagged versus US large cap equities?What are the...2024-03-2224 min

Be Real with Nicolet BankPositive News in the Financial Markets 3.8.2024 PodcastWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:What has happened in the financial markets over the past month? How have employment levels in the US changed in January and February? Is the trend of a strong labor market still in place?What do the new highs in the S&P 500 index tells us about the equity market outlook for 2024?What are your expectations for the earnings per share on the S&P 500 index in 2024? What sectors do you think will outperform in 2024?With the German manufacturing sector so we...2024-03-0823 min

Be Real with Nicolet BankFinancial Market Update, Employment, the Stock Market, and Long-term US Interest RatesWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:What has happened in the financial markets over the past month? What has happened with employment over the past two (2) months?Why has the stock market done so well over the past three (3) months?Do you think the US economy will sustain a “soft landing”? What is the outlook for US corporate profit margins and earnings per share in 2024?What is the outlook for energy stocks? Do you favor the large capitalization stocks or the smaller capitalization issues? What are the key ris...2024-02-0921 min

Be Real with Nicolet BankFinancial markets, Inflation, and Investing Going Forward - 1.19.24 PodcastWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe, Chief Investment Officer, and Erik Zurek, Senior Investment Strategist discuss:What has happened in the financial markets over the past month? What has happened with inflation over the past two (2) months?Why did the ten (10) largest US stocks by market capitalization do so well in 2023? What does the recent concentration of returns in 2023 mean for investing going forward?What will likely be the growth rate of earnings per share for the S&P 500 index in 2024? Why was there so much divergence of returns in emerging mar...2024-01-1927 min

Be Real with Nicolet BankFinancial Markets Rally, What's Happened with Inflation, Oil Prices, and When will the Fed Start Cutting Rates?Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:Why have the financial markets rallied so strongly over the past six (6) weeks? What has happened with inflation over the past two (2) months?In looking into 2024, do you think that the equity market leadership will remain with the Magnificent 7 stocks? What sectors could surprise to the upside?Why have oil prices traded into the low $70 per barrel price range? Does this create an investment opportunity for investors?Why has the MSCI EAFE Ind...2023-12-2927 min

Be Real with Nicolet BankFinancial Markets Rally, What's Happened with Inflation, Oil Prices, and When will the Fed Start Cutting Rates?Welcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:Why has the equity market rallied so strongly over the past month? What has happened in the financial markets over the past several weeks?Assuming the S&P 500 index finishes the year near 4,500, what type of return might an investor expect in 2024 for large cap US equities?Why have oil prices not gone up further with the geo-political risks in the Middle East?Is the Fed likely done hiking interest rates for t...2023-12-2224 min

Be Real with Nicolet BankCPI Report, Large Market Reaction, and What's Driving the S&P 500 RallyWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:The CPI report for October seems to have triggered a large market reaction. What was so critical about the CPI release this month? What has happened in the financial markets over the past several weeks?What is driving the recent rally in the S&P 500 index?Does it concern you that credit card and auto loan delinquencies are rising rapidly? What are the implications if the economy slides into a recession?How hav...2023-11-2215 min

Be Real with Nicolet BankFinancial markets, October's employment report, and year-end tax strategiesWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:What has happened in the financial markets over the past several weeks?What are the implications of the employment report for October?Are third quarter earnings releases providing a lift to the equity markets?As we get closer to year-end, what are some tax strategies (tax loss harvesting, gifting, etc..) that clients should be considering?Why are healthcare stocks underperforming the S&P index over the past six (6) months?Why are the “Magnificent 7 stocks” accounting for most of the year-to-date gain in t...2023-11-0321 min

Be Real with Nicolet BankGeo-political issues, impact of Q3 earnings releases, and US Treasury yields push higherWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:What are the implications for the financial markets of the hostilities in the Middle East?How are third quarter earnings releases impacting the equity markets?How will the increasing level of geo-political issues impact defense stocks?What are the potential catalysts affecting value-oriented stocks over the next year?Why are US Treasury yields continuing to push higher?Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted...2023-10-2721 min

Be Real with Nicolet BankThe new employment report, volatility of oil prices, and the change in the Speaker of the HouseWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Adam Longlais discuss:What are the implications of the new employment report?Why are oil prices trading with such a high level of volatility?What is your outlook on Chinese equities?Did the change in the Speaker of the House impact the financial markets.Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.Show Notes:Looking for...2023-10-0624 min

Be Real with Nicolet BankGas prices, mortgage rates, and the resumption of student loan paymentsWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Mike Steppe and Erik Zurek discuss:How high can gas prices get and how will it affect inflation?Will we see any relief in mortgage rates?How will the resumption of student loan payments impact consumer spending?Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.Show Notes:Looking for more information about Nicolet National Bank? Check out https://www...2023-09-2226 min

Be Real with Nicolet BankEconomic Update, Home Prices, and the Most Anticipated RecessionWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Adam Longlais, Mike Steppe, and Anthony Wilhelms discuss:Economic and Market updateChanges in home prices and availabilityHow much can we expect short term rates to move“The most anticipated recession that has failed to materialize"What do 2nd quarter earnings tell us about the rest of the yearBe sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.Show Notes:Looking fo...2023-08-3022 min

Be Real with Nicolet BankFed Rate Updates, Financial Market Updates, and InflationOn this episode of the Nicolet Wealth Management podcast you will hear Mike Steppe discuss the Fed rate updates, financial market updates, and inflation, with Adam Longlais joining later on to add to the conversation with points on Real Estate, AI, and more.Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.Show Notes:Looking for more information about Nicolet National Bank? Check out https://www.nicoletbank.com/...2023-06-0921 min

Be Real with Nicolet BankInterest Rates, the US Economy, and the Financial MarketsWelcome to the Nicolet Wealth Management Investment Podcast. In this episode Adam Longlais, Mike Steppe, and Anthony Wilhelms talk about: What has happened over the past several weeks in the financial markets? What might be the most likely scenario for the US economy over the next several quarters and what will this mean for US interest rates? What is the possible impact of the FDIC selling the investment holdings of failed banks? Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilh...2023-05-0822 min

Be Real with Nicolet BankThe US Economy, Mortgage-Backed Securities, and Nicolet National BankWelcome to the Nicolet Wealth Management Investment Podcast. On this episode, you will hear Adam Longlais, Mike Steppe, and Anthony Wilhelms talk about:Are mortgage-backed securities an attractive investment at this time? What is happening with the US dollar and what are the possible implications for international equities? Nicolet National Bank’s announced earnings loss for the first quarter of 2023 and what could have caused the loss and what are the implications going forward?Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by An...2023-05-0530 min

Be Real with Nicolet BankSilicon Valley Bank, Signature Bank, and the International MarketsWelcome to the Nicolet Wealth Management Investment Podcast. On this episode, you will hear Adam Longlais, Mike Steppe, and Anthony Wilhelms talk about:What created the problems with Silicon Valley Bank and Signature Bank? And who benefitted from their downfall? How might banks respond to the risks exposed in this recent collapse?What has caused the outperformance of international markets over the past 6 months?Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.S...2023-04-1231 min

Be Real with Nicolet BankCar Sales, the Supply Chain, and the Value of the US DollarWelcome to the Nicolet Wealth Management Investment Podcast. On this episode, you will hear Adam Longlais and Mike Steppe discuss:How to find strong yields that are exempt from Federal Income Taxes. New car sales and the average interest rate on new and used car loans. Why has the value of the US dollar been changing lately? Are supply chains getting back to normal and what to expect for prices in 2023?Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of...2023-02-2723 min

Be Real with Nicolet BankDebt Ceiling, Stock Market and InflationWelcome to the Nicolet Wealth Management Investment Podcast. On this episode, you will hear Adam Longlais and Mike Steppe talk about what has worked well in the stock market this year. They will also discuss how high can the debt ceiling go and how might it impact the equity market? And listen in as the team deliberates if we will see inflation fall in the near future. Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.2023-02-2124 min

Be Real with Nicolet BankUS Economy, Gold, Emerging Markets, and the Federal ReserveWelcome to the Nicolet Wealth Management Investment Podcast. On this episode, you will hear Adam Longlais and Mike Steppe talk about what is happening in emerging and international markets in 2023 and examine if gold is a good investment option. They will also discuss if the government can afford the rising cost of defense, aging populations, and higher debt. And listen in as the team deliberates if the Federal Reserve is really reducing the size of their balance sheet.Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more...2023-01-1828 min

Be Real with Nicolet BankPortfolio Managers, Non-Consensus Investment Opportunities, Ways to Benefit from Volatility, and Risks to Watch for in 2023Welcome to the Nicolet Wealth Management Investment Podcast. On this episode, you will hear Adam Longlais and Mike Steppe give an update on the financial markets, discuss non-consensus investment opportunities for 2023, and talk about how portfolio managers work through down markets. They will also highlight ways you can benefit from volatility and key risks to watch for in 2023. Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.Show Notes:Looking f...2023-01-0327 min

Be Real with Nicolet BankEmployment, REITs, the Value of the US Dollar, and Year-End Tax StrategiesWelcome to the Nicolet Wealth Management Investment Podcast. On this episode, you will hear Adam Longlais and Mike Steppe give an update on the financial markets, talk about recent employment reports, the impact of several high-profile REITs, and the value of the US dollar. Adam will also share his insights about some year-end tax strategies that investors might consider. Be sure to subscribe so you never miss the latest updates on investment management, the economy and much more in this podcast hosted by Anthony Wilhelms of Nicolet Wealth Management.Show Notes:L...2022-12-1323 min

Be Real with Nicolet BankWI School Referendums, Inflation, Crypto Market, US Treasury, and the ElectionWelcome to the Nicolet Wealth Management Investment Podcast. On today’s episode you will hear Adam Longlais and Mike Steppe give an update on the financial markets, talk about how the Wisconsin school referendums have been received by the market, discuss recent inflation reports, and the impact of the collapse of the crypto market. They will also touch on why the US Treasury yield curve inversion is getting wider and Mike will share his insights about how the election impacted the municipal bond market.Be sure to subscribe so you never miss the latest updates on investment ma...2022-11-2126 min