Greenwood Capital Wraps Up 40th Celebration
GREENVILLE S.C. – On June 30, 2024, Greenwood Capital marked 41 years of business and officially wrapped up a year of celebrating four decades of client service to South Carolina.
2Q 2024 Market Commentary
In this quarterly report, Dr. Mark Pyles, Walter Todd, and John Wiseman discuss the stock and bond markets and the economic overview.
2Q 2024 Letter from the CIO
Walter Todd reflects on the first quarter of 2024, revisiting some of the most-discussed topics over the last few months, including rate cuts, AI expansion, and the upcoming election.
The Market’s Momentum
Market Update from Walter Todd
At the start of a new month, Walter sits down to discuss the first half of the year. He covers earnings, global growth, and what we are watching over the next days and months.
Are We in a Summer Lull?
Walter Todd on Bloomberg
Is inflation under control? Is a March rate cut off the table? Walter Todd was on Bloomberg’s Drive to the Close to discuss the Federal Reserve’s pivot from December’s optimism.
Early Intervention: Your First 401(k) Contribution
With student loan debt looming over your head and a new paycheck that doesn’t seem like enough after Uncle Sam takes his cut, it can be hard to think about saving early in your career. However, saving for retirement can have the most impact NOW, while compounding interest has time to grow your accounts.
Recent Donation: $15K to Church of God Home for Children
The Countybank Foundation, established in 1971 representing Countybank and Greenwood Capital, recently donated $15,000 to the SC Church of God Home for Children. The SC Church of God Home for Children provides a safe and secure home where children are loved and nurtured. Countybank and Greenwood Capital recently partnering with the Simpsonville Kiwanis Club to provide funding to support the renovation of four bathrooms in the home.
Swallowing the Pill: How to Handle Student Loan Debt
Med school is expensive and student loans are a fact of life for many professionals in healthcare, such as doctors, pharmacists, hospital administrators, nurses, clinical social workers, and physician assistants. Once you start working, it is important to make a plan to address student loan debt, whether through student loan forgiveness or a repayment plan.
Does the Market Know the Next President?
First Week with Walter Todd
This year’s election cycle is early as candidates are already decided and debates scheduled. Has the market priced in a winner? Walter discusses the election possibilities in this month’s First Week video. He also explains the factors behind May’s market rally and outlines economic growth trends in Europe and Asia.
Is Dell Escaping NVDIA’s Shadow?
Walter Todd on Bloomberg
Is Dell catching up to NVDIA? Walter was on Bloomberg this morning to chat about Dell and the PC market’s impact on tech stocks. He discussed the stock’s 200% rise over the last 12 months and whether he sold any shares before the earnings call tonight.
Reforming the Global Markets
Walter Todd on BBC Radio
Walter was featured on BBC’s World Business Report to discuss international business issues with Rahul Tandon. They discussed the extreme heat wave in India and how the severe weather is impacting business. They also discussed recent news that the bread subsidy in Egypt is set to quadruple and the Samsung Union strike in Korea.
Execution Mode
Walter Todd on FOX Business
Walmart had a strong quarter to start 2024, even with the consumer under pressure. Has its investment in stores, employees, and an online platform paid off? Walter Todd discussed earnings with Maria Bartiromo on Fox Business.
The Return of Meme Stock
Walter Todd on BBC Radio
Walter was featured on BBC Business Matters to talk philanthropy: from the future of the Gates Foundation to the impact of NGOs on small enterprises in countries like Jamaica. He also explained how a single post online led to another dramatic hike in GameStop and AMC shares and whether we should buckle in for another round of meme-investor fluctuations.
Earnings, Energy, and Elections.
Market Update from Walter Todd
At the start of a new month, Walter sits down to discuss the first quarter highlights and give some insight into what he is watching as we approach mid-year. He covers earnings, global growth, and what we are watching over the next days and months.
Greenwood Capital Adds Alternative Investments
GREENVILLE, S.C. – Greenwood Capital announced a strategic alliance with First Trust Capital Management L.P., helping to expand access to alternative investment strategies to its financial advisors. The new relationship marks a significant step forward in providing a broader range of alternative investment opportunities for Greenwood Capital’s advisors in support of their efforts to diversify client portfolios.
The Rate Cut Rethink
Walter Todd on Bloomberg TV
Walter Todd discussed bank earnings and interest rates on Bloomberg TV early this morning. He shared his insight on Jamie Dimon’s rate predictions and what that could mean for regional bank performance.
1Q 2024 Market Commentary
In this quarterly report, Dr. Mark Pyles, Walter Todd, and John Wiseman discuss the stock and bond markets and the economic overview.
1Q 2024 Letter from the CIO
Walter Todd reflects on the first quarter of 2024, revisiting some of the most-discussed topics over the last few months, including rate cuts, government spending, and the upcoming election.
“You’re Never Gonna to Keep Me Down”
Walter Todd on BBC Radio
Walter was featured on BBC Business Matters to give his insight on the possibility of a “no big deal” government shutdown and the rise of hackers demanding ransoms from companies. He also discussed Hong Kong’s new security bill, George Lucas’ involvement with Disney, and how to avoid a “dry” promotion.
We’ve Been Here the Whole Time:
Women’s Presence in Investing
Despite the stereotypical image of an investor as a man, women have been significantly involved since the dawn of the stock market. From funding Jamestown to the modern ETF portfolio, women’s involvement as investors and shareholders has shaped today’s financial landscape.
Return on Investments:
Greenwood Capital’s Asset Evolution
Since our founding, we have introduced new products and strategies. These changes always center on the client’s needs and each change was pioneered by specific investment professionals, who brought their own expertise and influence to the team.
Step by Step:
Melissa Bane on the Importance of Hope
Melissa Bane’s motivation to become a financial advisor was to be able to help people directly. She is especially passionate about empowering and supporting women, and she uses her three decades of experience in the financial industry to solve client problems and give personalized solutions.
Tesla Eats a Slice of Humble Pie
Walter Todd on BBC Radio
Walter was featured on BBC Business Matters to discuss what data the Fed is watching, Boeing’s worsening safety reputation, and whether streaming services are facing consolidation. He also debated the best type of pie as they discussed the bakery in California that took to social media over canceled orders from Tesla.
Walmart on the Beat
Walter Todd on FOX Business
Walter Todd chatted with Maria Bartiromo on Fox Business today, where he discussed Walmart’s positive earnings report and what those numbers mean for the American economy as a whole.
Set Your Standards
We’ve talked before about the importance of increasing your salary. Advocating for yourself can provide the flexibility necessary to allow you to stay in the workforce as your life changes. This allows you to retain your salary and continue contributing to your savings.
Germein De Sario Joins Greenwood Capital Team
GREENVILLE, S.C. – Greenwood Capital is pleased to announce the addition of Germein De Sario to the client service team as a Private Client Administrator and Office Manager for the Downtown Greenville office. In this role, De Sario is dedicated to assisting both clients and advisors in their day-to-day account servicing needs.
Go Back to Making Planes
Walter Todd on BBC Radio
Walter Todd was featured on BBC’s Wake Up to Money Business Matters to discuss the earnings report from Boeing and how the aircraft manufacturer’s recent plane failure is impacting its stock prices. Walter discussed whether Boeing has prioritized profitability over engineering and what groups are pressuring the company for change.
Will Powell Let Off the Brakes? –
Walter Todd on Bloomberg
Is inflation under control? Is a March rate cut off the table? Walter Todd was on Bloomberg’s Drive to the Close to discuss the Federal Reserve’s pivot from December’s optimism.
A Year in Review and a Market on Repeat.
Market Update from Walter Todd
Walter reviews 2023’s economic ups and downs, from tech dominance and labor market resilience to the Fed’s surprising pivot. He shares insights on 2024’s earnings so far and the upcoming election’s potential impact on your portfolio.
Make the Case
One way to protect and grow your income is to advocate for yourself at work. This starts before you even step foot into your new workplace and continues throughout your whole career.
4Q 2023 Market Commentary
In this quarterly report, Dr. Mark Pyles, Walter Todd, and John Wiseman discuss the stock and bond markets and the economic overview.
Self-Advocacy:
Your Financial Plan’s Secret Weapon
Your income is usually one of the first building blocks of your financial plan. One way to protect and grow your income is to advocate for yourself at work. Our new series, “Brave New World – Financial Advice for the 21st Century gives you actionable steps you can take to find success in 2024, not 1984.
4Q 2023 Letter from the CIO
Walter Todd reflects on the last quarter and 2024 as a whole as he explains his begrudging realization [that] the current market and economic environment of recent years doesn’t have to make sense.
Kalisse L. Evert Promoted to Marketing Manager
Greenwood Capital is pleased to announce the promotion of Kalisse L. Evert to Marketing Manager. Serving in a marketing capacity since August 2022, Evert has led efforts to transition the firm’s customer relationship management system to streamline daily workflow and increase overall social media engagement.
Will Crypto Self-Regulate?
Walter Todd on BBC Radio
Walter discussed the headlines on BBC Business Matters, including OpenAI’s recent board changes, the investor withdrawal from Binance, and the American consumer’s attitude going into the holidays.
Undercutting the American Dream
Walter Todd on FOX Business
Consumers are tapped out on credit, fighting high interest rates, and are already working two jobs. How will that impact the market in this final quarter of the year? Walter Todd chatted with Maria Bartiromo on Fox Business this morning.
3Q 2023 Market Commentary
In this quarterly report, Dr. Mark Pyles, Walter Todd, and John Wiseman discuss the stock and bond markets and the economic overview. Mark analyzes the market perception through the lenses of both an optimist and a pessimist, while Walter cites “The Princess Bride’s” famous Battle of Wits.
Hometown Pride:
John Cooper on Making Plans and Digging Deep
When talking to John Cooper, it doesn’t take long to realize he loves his hometown of Greenwood, South Carolina. Being able to stay involved in his community has always been a prerequisite for John. He made this clear in his first job interview at Greenwood Capital.
3Q 2023 Letter from the CIO
I recently heard someone describe this market environment as “the most intellectually challenging” they could recall. If you could have told me future events ahead of time at the beginning of the year, I don’t think I would have been able to predict the outcomes we have halfway through.
The Budget That Cut a Speaker
Market Update from Walter Todd
The Debt Ceiling is making headlines while Mega-Cap stocks inflate the S&P 500. Walter breaks down these issues in his latest market updates.
Is Confidence Key?
Walter Todd on BBC Radio
Walter discussed the headlines on BBC Business Matters, including Powell’s recent comments, the American response to clean energy intiatives, and the growing tension between Canada and India.
Is Overwatch an Overreach?
Walter Todd on BBC Radio
Walter discussed the headlines on BBC Business Matters, including Microsoft’s offer to Ubisoft, microchip companies’ exposure to China, and how the war in Ukraine has changed conversations around the US dollar.
Can the Economy Hold?
Walter Todd on FOX Business
Walter Todd chatted with Maria Bartiromo on Fox Business today, where he discussed Walmart’s positive earnings report and what those numbers mean for the American economy as a whole.
Finding the Full Picture –
Walter Todd on Bloomberg
Walter Todd was on Bloomberg to the big names that have started selling down and whether that will change the Fed’s direction when they meet in September.
Second and Final Job:
Mark Pyles on Leaving a Legacy
Mark Pyles is comfortable with contradictions. He spent the first part of his career as an academic who focused on teaching real-world skills to students entering the financial industry.
Let’s Talk About Tech
Walter Todd on Bloomberg
The tech mega-cap stocks are battling it out in earnings. Will it be Google takes all? Walter Todd discusses on Blomberg Markets: Americas.
John Cooper Named Senior Private Client Advisor
Greenwood Capital is pleased to announce John Cooper’s promotion to Senior Private Client Advisor. Cooper initially joined the Greenwood office in 2016. This new title reflects Cooper’s continued leadership in the firm and dedication to its clients.
Bank Earnings: What’s the Tell?
Walter Todd on Bloomberg
As the big banks begin to report earnings, Walter Todd discusses the anticipated results and impact on the market with Dani Burger and Kriti Gupta.
2Q 2023 Market Commentary
In this quarterly report, Dr. Mark Pyles, Walter Todd, and John Wiseman discuss the stock and bond markets and the economic overview.
2Q 2023 Letter from the CIO
I recently heard someone describe this market environment as “the most intellectually challenging” they could recall. If you could have told me future events ahead of time at the beginning of the year, I don’t think I would have been able to predict the outcomes we have halfway through.
A Legacy of Trust:
The History of Greenwood Capital
Greenwood Capital was established in Greenwood, South Carolina in 1983. Our roots go back to the 1960s. As the in-house pension fund manager of Greenwood Mills, we began with managing the retirement incomes of hard-working families through turbulent times.
AI Innovation and Corporate Casualties
Walter Todd on BBC Radio
Walter was featured on BBC Business Matters to discuss the latest headlines, including precious metal mining, encryption laws, and nicotine bans.
Dr. Mark K. Pyles Joins Greenwood Capital Investment Team
Greenwood Capital is pleased to announce the addition of Dr. Mark K. Pyles, CFA® to the investment team as the Director of Multi-Asset Strategies.
A Market in Sync and a Russia in Chaos –
Walter Todd on Bloomberg
Walter Todd was on Bloomberg to discuss the dramatic Russian uprising and what actions China can take in response. He also explained how Powell reconnected the bond market with the Fed’s position, and whether or not that means inflation is in the rearview mirror.
Debt Ceiling on the House Floor.
Market Update from Walter Todd
The Debt Ceiling is making headlines while Mega-Cap stocks inflate the S&P 500. Walter breaks down these issues in his latest market updates.
Morgan Stanley’s Next Chapter –
Walter Todd on Bloomberg
Walter Todd discussed the Morgan Stanley CEO James Gorman’s exit on Bloomberg Markets: Americas. Walter considers the potential impact on investors and chimes in on his prediction for the next CEO.
Is Walmart a Win?
Walter Todd on FOX Business
Walter Todd chatted with Maria Bartiromo on Fox Business today, where he discussed Walmart’s positive earnings report and what those numbers mean for the American economy as a whole.
The Lawyers Always Win.
Walter Todd on BBC Radio
Walter was featured on BBC Business Matters to discuss the latest headlines, including the recent cryptocurrency court cases and the potential for regulation, in addition to his thoughts on equal pay, electric super cars, and how companies like Adidas are handling controversy.
Another One Bites the Dust.
Market Update from Walter Todd
Was First Republic another casualty of the Fed’s dramatic rate increases? As another bank collapses, Walter sits down to address the implications of another financial institution’s downfall, outlining how the quick actions from the FDIC and JP Morgan limited the systemic risk.
Low Bars and Looking Forward –
Walter Todd on Bloomberg
Is Big Tech inflating earnings as the average stock flounders? Walter Todd discussed Microsoft, Apple, and other names with Carol Massar and Madison Mills on Bloomberg’s Drive to the Close.
Biden on the Ballot and Big Tech on the Rise.
Walter Todd on BBC Radio
Biden’s running but will a recession beat him to the finish line? Walter was interviewed on BBC Radio to discuss the latest headlines including President Biden’s decision to seek reelection and Big Tech’s earnings.
Are Big Banks Bracing for a Recession?
Walter Todd on Bloomberg
JPMorgan, Citigroup, and Wells Fargo have reported earnings and the question of recession continues to hang over the markets. Walter Todd discusses the economic outlook on two different Blomberg media shows.
Forecasts Predicting a Mild Recession
Walter Todd on FOX Business
Walter Todd joined Maria Bartiromo’s morning show today, where he discussed the forecasts predicting a mild recession for the second half of the year.
1Q 2023 Market Commentary
In this quarterly report, Dr. Mark Pyles, Walter Todd, and John Wiseman discuss the stock and bond markets and the economic overview.
1Q 2023 Letter from the CIO
In his quarterly letter, Walter discusses the positive returns on stocks and bonds despite bank failures occurring globally. With the fastest rate-hiking cycle in 40 years, is the war on inflation is over and will the focus shift to managing the fallout.
All About Your 403(b): Traditional vs. ROTH
Most non-profit employees are familiar with the benefits of contributing to a Traditional 403(b): before-tax retirement savings, large contribution limits and no income limitations. But you may not be aware of the similar benefits a ROTH 403(b) account can provide. John Cooper breaks down the differences and discusses how you can choose what plan can serve you best.
Who is the Next Weak Link?
Market Update from Walter Todd
After a tumultuous week in the markets, Walter sits down to provide an audio update on the continued impact of the Silicon Valley Bank collapse. He talks about the likely path forward for the Fed and explains the difference between weighted and standard S&P 500 performance, and why those numbers are currently at odds.
Don’t Rule Anything Out.
Walter Todd on Bloomberg Daybreak Asia
Walter Todd was back with Doug Krizner on “Bloomberg Daybreak Asia” late Sunday night. He covered the unfolding Credit Suisse and UBS situation, and how those headlines may impact the Fed’s decision on Wednesday. He also spoke more generally about the market, including what sectors he considers defensive in the shadow of a possible recession.
A Crisis of Confidence, Not Credit.
Walter Todd on BFM – The Morning Run
Walter Todd was featured on Malaysia’s only independent radio station this morning as he joined Philip See and Shazana Mokhtar on BFM 89.9’s morning show. Walter outlined the differences between the ongoing Credit Suisse turmoil and the recent bank closures in the US.
From Cali to the Alps.
Walter Todd on BBC World Business Report
Walter continues to provide insight to multiple news sites on the implications of the Silicon Valley Bank failure on the American economy and the global financial situation. He was featured on BBC’s World Business Report to discuss about how the regional bank’s crash in California has caused increased scrutiny on the already problematic Credit Suisse bank in Switzerland.
Was Silicon Valley Bank Just the First to Fall?
Walter Todd on BBC Radio
Was Silicon Valley Bank’s collapse an anomaly or the first of many to come? Walter was featured on “Wake Up to Money” to discuss the latest on the banking industry. He commented on President Biden’s address and also highlighted the major differences between SVB and the 2008 Financial Crisis.
Something’s Gotta Give
Walter Todd on Bloomberg Daybreak Europe
Walter Todd answered questions about the Silicon Valley Bank closure early this morning on “Bloomberg Daybreak Europe.” He discussed whether this is a buying opportunity for regional bank stocks and whether what happened in California will finally force the Fed to change its tune.
The Silicon Valley Tumble.
Market Update from Walter Todd
How did a run on a Californian bank start and will it spread? In his typically measured fashion, Walter addresses the specific factors that lead to the Silicon Valley Bank collapse and what the Federal Reserve, FDIC, and US Treasury have done to lessen the impact on other financial institutions. He also outlines the broader financial market in the coming year.
Winding Up Withdrawals:
Retirement Savings Part 3
As you approach retirement, how will you access the money you worked so hard to save? This is part three in our retirement savings series: Plan Your Withdrawal Rate.
Can’t Have It All
Walter Todd on FOX Business
Walter Todd joined Maria Bartiromo’s morning show today, where he outlined the macro story that has unfolded during earnings. He highlighted the decisions facing consumers and answered the predominant question: are we running into a recession?
The Balancing Act of Allocation:
Retirement Savings Part 2
The second step of saving for retirement is to decide how to invest those assets. To determine your asset allocation, decide how much you’ll put into various types of investments and become familiar with the role those specific products play in your overall strategy.
Where Does the Fed Want Your Money?
Walter Todd on Bloomberg Daybreak Asia
Walter Todd was back with on “Bloomberg Daybreak Asia” late Sunday night where he outlined the “Twilight Zone” that 2023 has become and commented on the conundrum facing investors: where on earth does the Fed want you to put your money?
No Recession for Biden?
Walter Todd on BBC Business Matters
Walter Todd was back on BBC Business Matters to provide the American perspective on global news, including whether or not Biden’s optimism is warranted and if South Africa’s energy crisis is an emergency level event.
Too Hot, Too Cold, or Just Right?
Market Update from Walter Todd
In his first video in the new year, Walter Todd takes a moment to discuss January’s market rallies after a devastating 2022. Learn more about how the Fed has responded to the general sentiment that inflation has peaked and whether we are in a “Goldilocks period” of optimism.
Start with Strategy: Retirement Savings Part 1
The first step of saving for retirement is to implement an investment strategy that provides the annual income you will need, while balancing other considerations, such as liquidity, your risk tolerance, and anticipated rates of return. This includes understanding what type of account you should be utilizing and how much you should be saving.
A Good Company, but a Bad Stock.
Walter Todd on Bloomberg
Are early earnings forecasting a dark outlook for the tech sector? Walter was on Bloomberg early this morning to discuss Microsoft.
Bank Balances.
Walter Todd on Bloomberg
Walter Todd was on Bloomberg’s “The Close” to discuss bank earnings and how those results will impact the market.
4Q 2022 Market Commentary
In this quarterly report, Dr. Mark Pyles, Walter Todd, and John Wiseman discuss the stock and bond markets and the economic overview.
4Q 2022 Letter from the CIO
January 6, 2023The greeting of Happy New Year takes on a new meaning as we enter 2023. Happy to be here, first and foremost, but also truly happy to start a new year after the year in financial markets that was 2022. How bad was it? Well, the scatter graph to the...
Balancing the Barbell
Walter Todd on Bloomberg Daybreak Asia
In his first Bloomberg appearance of 2023, Walter Todd discussed whether inflation has peaked and if the Fed agrees. He also outlined the “barbell strategy” of investing: balancing both offensive and defensive industries in a portfolio and how that may look in the coming months.
Financial To-Do List
The start of a new year is the perfect time to review and assess your financial well-being. Taking the time to evaluate how your financial situation has evolved can help ensure you are still on track to reach your goals.
Health and Wealth:
Medical Costs in Retirement
Our life expectancy has increased at a steady pace over the years and is expected to continue increasing. According to the U.S. Census Bureau, the average 65-year-old American can expect to live another 19.6 years.
Unwrapping Presidential Tax Returns & Consumer Loan Fraud
Walter Todd on BBC Business Matters
Walter Todd joined BBC Business Matters to provide the American perspective on global headlines such as Japan’s rate increase and the Taliban’s closure of women’s universities.
How to Plan for the IRS & SSA Policy Changes
Rising costs and high inflation are changing how much we pay for things. Federal organizations such as the Internal Revenue Service and the Social Security Administration are updating their policies to combat the squeeze on American wallets.
The Weather Outside is Frightful, but the Bond Rates are Delightful
Market Update from Walter Todd
As we approach the end of a volatile year, Walter Todd takes a moment to take the current temperature of the market. He breaks down the fourth quarter earnings and discusses the surprisingly optimistic come-back of bonds. He also provides his financial forecast for the new year, giving insight into what investors can expect stepping into 2023.
From Bonds with Love
Walter Todd on Bloomberg Daybreak Asia
Walter Todd was back on “Bloomberg Daybreak Asia” to discuss the current path of federal rate hikes and the economic implications of China re-opening after extended lockdowns. He also touched on the greatest risks in the market for 2023, and the promising bond landscape for fixed-income investors.
South Africa Spending, South Korea Skincare, & South Carolina Fried Chicken
Walter Todd on BBC Business Matters
Walter Todd was back on BBC Business Matters to provide the American perspective on global news, including how the US dollar is impacting emerging markets and how American healthcare has handled the AIDS crisis.
The Return of Iger
Walter Todd on BBC Radio
Walter Todd discusses the unexpected reinstatement of Bob Iger as Disney’s CEO and the potential impact on stockholders on this morning’s Today show.
It’s All About Inventory
Walter Todd on FOX Business
Walter Todd weighed in on headlining labor changes on Maria Bartiromo’s morning show. Among the discussions on Amazon and Big Tech layoffs, Walter highlighted the impact of excess inventory and the challenge of shifting consumer taste in the retail industry.
Election Day Coverage
Walter Todd on BBC Radio
It’s election day! While American voters head to the polls, Walter Todd discusses the economic impact of today’s vote on two different BBC News shows: Wake Up to Money and Radio 4 Today.
What is Tax-Loss Harvesting?
The leaves are changing colors and the evenings are cooling off as we approach the end of the year. These last few months bring a unique opportunity for investors to decrease their tax burden by harvesting losses in investment accounts. How does this process work? Can you benefit?
A Market Looking for Direction
Walter Todd on Bloomberg Daybreak Asia
The markets never sleep and neither, apparently, does Walter Todd. He was back on Bloomberg on Sunday evening to discuss two of the main issues challenging the market: inflation in the west and Covid policy in China.
Will De-Globalization Hurt American Businesses?
Walter Todd on BBC Business Matters
Walter Todd was back on BBC Business Matters to provide the American perspective on global news, including what sectors will be impacted by the midterms and the impact of de-globalization on the US economy.
Sector Showdown: Healthcare vs. Technology
Walter Todd on BFM – The Morning Run
Walter Todd was featured on Malaysia’s only independent radio station as he discussed market news out of the healthcare industry. He also weighed in on the lagging sectors of technology and consumer spending.
Traditional Banking Squares Up
Against High Interest Rates
It’s Earnings Season again and Walter Todd was back on Bloomberg Daybreak: Europe. He weighed the potential outcome of a strong traditional banking market against the backdrop of spiking interest rates and dived into the risk versus reward of these high rates on American mortgages.