The Lebenthal Report Episode #176: Staying Confident in a Headline-Driven Market with Howard Yaruss

Markets were in decent shape early in 2026 — until headline risk came roaring back.

On this episode of The Lebenthal Report, Michael Hartzman and Dominick Tavella break down the sudden selloff tied to escalating geopolitical uncertainty, including the latest Greenland/NATO tensions and renewed tariff concerns. The big question for investors: is this a real economic deterioration — or market panic driven by unpredictable headlines?

Then we’re joined by returning guest Howard Yaruss, economist, NYU professor, and author of Understandable Economics, to discuss what’s really happening beneath the surface: the rising cost of U.S. debt, why foreign demand for treasuries may be weakening, why gold is surging, and what “black swan” risks investors should actually worry about.

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Lebenthal Global Advisors, LLC is a registered investment advisor. Lebenthal Financial Services, Inc is a FINRA registered Broker Dealer. The content of this podcast is intended for informational purposes only and is not intended to be investment advice. The views expressed in this podcast are subject to change based on market and other conditions. Information about the qualifications and business practices of Lebenthal Global Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. Information about the qualifications and business practices of Lebenthal Financial Services, Inc and its representatives can be found on FINRA’s BrokerCheck website, https://brokercheck.finra.org/

The Lebenthal Report Episode # 175: Motivation and Money - The Paradox of Passion in Investing

Markets opened the year on a strong note, but headline risk and global uncertainty are rising. On this episode of The Lebenthal Report, we discuss how investors can stay focused on fundamentals while navigating unpredictable news cycles.

We’re joined by Dr. Bobby Hoffman, author of The Paradox of Passion: How Rewards Covertly Control Motivation, to explore the psychology behind motivation, passion, and decision-making—and how those same forces influence investor behavior.

Topics include:

• Why markets can accept bad news—but not the unknown

• Headline risk vs. economic fundamentals

• The truth about “fear and greed” in investing

• Why passion isn’t always sustainable

• Self-control, long-term planning, and better financial decisions

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Lebenthal Global Advisors, LLC is a registered investment advisor. Lebenthal Financial Services, Inc is a FINRA registered Broker Dealer. The content of this podcast is intended for informational purposes only and is not intended to be investment advice. The views expressed in this podcast are subject to change based on market and other conditions. Information about the qualifications and business practices of Lebenthal Global Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. Information about the qualifications and business practices of Lebenthal Financial Services, Inc and its representatives can be found on FINRA’s BrokerCheck website, https://brokercheck.finra.org/

The Lebenthal Report Episode #174: 2025 Market Wrap + 2026 Outlook

Markets closed 2025 with strong gains, surprising many who expected recession risk and tariff-driven disruption. On this episode of The Lebenthal Report, Michael Hartzman and Dominick Tavella break down what drove the year’s resilience, why AI and data centers could dominate the 2026 narrative, what to expect from interest rates and the Fed transition, and how a potential wave of tax refunds could provide meaningful stimulus early next year.

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Lebenthal Global Advisors, LLC is a registered investment advisor. Lebenthal Financial Services, Inc is a FINRA registered Broker Dealer. The content of this podcast is intended for informational purposes only and is not intended to be investment advice. The views expressed in this podcast are subject to change based on market and other conditions. Information about the qualifications and business practices of Lebenthal Global Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. Information about the qualifications and business practices of Lebenthal Financial Services, Inc and its representatives can be found on FINRA’s BrokerCheck website, https://brokercheck.finra.org/

The Lebenthal Report Episode #173: In Defense of Millennials

This week on The Lebenthal Report, author and Bloomberg News reporter Charlie Wells joins us to discuss his book What Happened to Millennials: In Defense of a Generation. Drawing from hundreds of hours of interviews with five millennials from wildly different backgrounds — alongside hard data and economic context — Wells explains what really happened to this cohorts' finances, careers, and lives. We dig into why millennials were labeled “lazy” and “entitled” when the macro backdrop was anything but, how repeated shocks shaped their risk tolerance, spending, and investing habits, and why they’re about to move from being the market’s punching bag to its decision-makers.

And yes, we talk about the big stuff: what millennial leadership could mean for markets, housing, retirement policy, and voting blocs — plus whether the generation that survived three “once-in-a-lifetime” crises is actually the most battle-tested set of future CEOs and policymakers we’ve got.

If you’ve ever wondered whether millennials are unlucky, misunderstood, or quietly reshaping the economy while everyone’s distracted by culture wars… this one’s for you.

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Lebenthal Global Advisors, LLC is a registered investment advisor. Lebenthal Financial Services, Inc is a FINRA registered Broker Dealer. The content of this podcast is intended for informational purposes only and is not intended to be investment advice. The views expressed in this podcast are subject to change based on market and other conditions. Information about the qualifications and business practices of Lebenthal Global Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. Information about the qualifications and business practices of Lebenthal Financial Services, Inc and its representatives can be found on FINRA’s BrokerCheck website, https://brokercheck.finra.org/

The Lebenthal Report Episode #172: Small Business Mood Check for 2026

Markets are coming out of Thanksgiving with a little more chop, even after a strong year — especially in last year’s standout winners like tech, AI-linked names, and Bitcoin plays. Michael Hartzman and Dominick Tavella explain what’s driving the pullback, why healthcare has quietly led November, and how healthy valuation resets can set the stage for the next leg higher.

Then we’re joined by returning guest Jeff Oak, Vistage Chair, for a real-time read on small and mid-size business sentiment heading into 2026. Jeff breaks down why CEO confidence has rebounded from the spring tariff shock but remains stuck in neutral — and what “profitless prosperity” looks like on Main Street, where protecting margins matters more than ever. The group also digs into rising AI adoption among smaller companies, holiday-season expectations, employee engagement, and the challenge — and opportunity — of leading a workforce spanning five generations.

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Lebenthal Global Advisors, LLC is a registered investment advisor. Lebenthal Financial Services, Inc is a FINRA registered Broker Dealer. The content of this podcast is intended for informational purposes only and is not intended to be investment advice. The views expressed in this podcast are subject to change based on market and other conditions. Information about the qualifications and business practices of Lebenthal Global Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. Information about the qualifications and business practices of Lebenthal Financial Services, Inc and its representatives can be found on FINRA’s BrokerCheck website, https://brokercheck.finra.org/

The Lebenthal Report Episode #171: The Real AI Economy & What Comes Next

On this week’s episode of The Lebenthal Report, Michael Hartzman and guest co-host Tracy Byrnes sit down with John Eade, President and Chairman of the Investment Policy Committee at Argus Research, for a deep-dive into today’s market landscape.

They tackle everything from the so-called “AI bubble” claims to the surge in utilities, data center infrastructure spending, and what investors may be overlooking as Big Tech shifts from hype to real-world implementation. The conversation also explores stablecoins, cryptocurrency regulation, interest rate expectations heading into 2026, consumer bifurcation, and the rising importance of affordability in economic policy.

Whether you're questioning the sustainability of AI-driven growth, assessing market rotation opportunities, or preparing portfolios for potential Fed shifts, this episode offers critically timed insights for investors, advisors, and market watchers.

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Lebenthal Global Advisors, LLC is a registered investment advisor. Lebenthal Financial Services, Inc is a FINRA registered Broker Dealer. The content of this podcast is intended for informational purposes only and is not intended to be investment advice. The views expressed in this podcast are subject to change based on market and other conditions. Information about the qualifications and business practices of Lebenthal Global Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. Information about the qualifications and business practices of Lebenthal Financial Services, Inc and its representatives can be found on FINRA’s BrokerCheck website, https://brokercheck.finra.org/

The Lebenthal Report Episode #170: Market Update - November 11, 2025

On this Veterans Day market update, Michael Hartzman and Dominick Tavella break down a chilly start to winter—both in temperatures and in the markets. Despite a modest pullback, year-to-date performance remains strong, with the S&P 500 up 15%, the NASDAQ up nearly 20%, and emerging markets leading with more than 31% gains. 

The conversation centers on two major concerns shaping investor sentiment: whether the AI-driven rally resembles a tech bubble, and the ongoing government shutdown and its impact on everything from travel delays to food assistance programs. Michael and Dominick compare today’s AI boom to the late-90s dot-com era, noting that unlike the unprofitable companies of 2000, today’s tech giants are backed by real earnings and massive infrastructure investment—but the long-term winners are far from certain. 

They also address inflation trends, recession fears, hiring data, small-business labor behavior, sector performance, and why utilities and data centers are unexpectedly benefiting from rising AI power demand. Looking ahead to 2026, they outline reasons for cautious optimism, while warning that unresolved tariff challenges and a potential Supreme Court ruling could spark short-term volatility. 

Don’t miss this insightful discussion—tune in to stay ahead of the markets!

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Lebenthal Global Advisors, LLC is a registered investment advisor. Lebenthal Financial Services, Inc is a FINRA registered Broker Dealer. The content of this podcast is intended for informational purposes only and is not intended to be investment advice. The views expressed in this podcast are subject to change based on market and other conditions. Information about the qualifications and business practices of Lebenthal Global Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. Information about the qualifications and business practices of Lebenthal Financial Services, Inc and its representatives can be found on FINRA’s BrokerCheck website, https://brokercheck.finra.org/

The Lebenthal Report Episode #169: The Global Comeback - Why International Markets are Outperforming in 2025

After years of lagging behind, international equities are making a powerful return — with the MSCI EAFE up 27% and Emerging Markets up 33.5% this year.

On this episode of The Lebenthal Report, hosts Michael Hartzman and Dominick Tavella sit down with Anjali Balani, Managing Director at JPMorgan Asset Management, to break down the drivers behind the surge:

✅ The “CVS” framework — Currency, Valuation, Sentiment

✅ The weakening U.S. dollar’s impact on global returns

✅ Why Europe, Japan, and Korea are becoming equity bright spots

✅ How investors can strategically rebalance for global diversification

🎧 Listen now to explore where the next wave of market growth may come from .

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Lebenthal Global Advisors, LLC is a registered investment advisor. Lebenthal Financial Services, Inc is a FINRA registered Broker Dealer. The content of this podcast is intended for informational purposes only and is not intended to be investment advice. The views expressed in this podcast are subject to change based on market and other conditions. Information about the qualifications and business practices of Lebenthal Global Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. Information about the qualifications and business practices of Lebenthal Financial Services, Inc and its representatives can be found on FINRA’s BrokerCheck website, https://brokercheck.finra.org/