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Conundrums

July 19, 2022


Chicago attorney, Brendan Cournane, leads off discussing concerns over increasing gun violence on the highways, the Russian oil pipeline, Saudi Arabian socio-economics, and renewable energy.  Kenny Polcari, Managing Principal at ButcherJoseph Asset Management, LLC and a contributor to Fox Business, joins us to talk stock market volatility and inconsistencies. Westminster Professor of Economics, Dr. Hal Snarr, closes the show to speak on the corn market, conventional fuel vs E85, the Russian oil sanction, frustrations over a Fed-distorted market, what defines a recession, confusion over what data to rely on when measuring inflation, and more.

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Guests & Co-Hosts

BRENDAN COURNANE

Brendan Cournane co-hosts the Stocks & Jocks show every Monday morning. He is also a public finance attorney licensed in both Illinois and Arizona. He has practiced law for more than 35 years acting primarily as counsel to issuers of municipal debt (bond counsel, underwriters’ counsel, bank counsel and special counsel). He has served in both the private and the public sectors, having been a partner in major U.S. law firms and as in-house counsel to such entities as the City of Chicago and Chicago Public Schools, as well as General Counsel to the Illinois Finance Authority, one of the nation’s largest issuers of conduit municipal bonds.

KENNY POLCARI

Kenny Polcari is a Managing Principal at Tengler Wealth Management responsible for client engagement and market commentary. Leveraging his extensive trading and equity markets background, Kenny is also a member of the ButcherJoseph Asset Management, LLC Investment Committee. Kenny works with Tengler Wealth clients directly as well as appearing in the financial media and publishing a regular market commentary newsletter.

Kenny came to Wall Street as a summer intern on the New York Stock Exchange during the summers of ’80, ’81 & ’82 and upon graduation moved from Boston, Mass. to New York City where he began his career on the trading floor. He became a member of the New York Stock Exchange in August, 1985 and prior to joining the ButcherJoseph Asset Management Team to help launch Tengler Wealth Management was a Managing Director at O’Neil Securities, Inc., representing the interests of institutional asset managers that need to access global equity markets. Earlier in his career, Kenny served as managing director at Icap Corps, LLC, and prior to that was senior vice president, member New York Stock Exchange and division manager with Salomon Brothers directing their NYSE Division during the heady bull market of the 1990’s.

His 30 plus years of experience have taken him from the birth of the greatest bull market, to the crash of ’87, the roaring ’90’s, the .com implosion, decimalization, 9/11, Regulation NMS, the merger between the NYSE / ARCA, then NYSE/Euronext, automation, HFT, and fragmentation. He is an engaging public speaker and you can find him speaking at industry & investor conferences, as well as colleges, forums and major asset manager events. He is at ease speaking about NYSE history, rules & regulation, former & current market structure including internalization, HFT and fragmentation and how those changes have forever changed the face of the U.S. capital markets and what that means to the investor. He writes a daily “Morning Thoughts” missive that is an informative, engaging and entertaining look at global markets and provides insight into the day’s action. It has gained wide popularity and has become a signature of his “boots on the ground” analytical style. He is a member of STA and NOIP and is a guest lecturer for The American College. He holds the series 7, 24, 27, 55, 63 registrations.

DR. HAL SNARR

Dr. Snarr currently teaches business quantitative methods courses, money and banking, macroeconomic principles and MBA economics and data analysis. He has taught a variety of other courses at Idaho State University, Washington State University, Duke University and North Carolina A&T State University, including college algebra, microeconomic principles, macroeconomic principles, sports economics, intermediate microeconomic theory, elementary business statistics, advanced business statistics, labor economics, mathematical economics, econometrics, money and banking and calculus-based microeconomics.

Snarr enjoys being in the classroom, experimenting with innovative teaching techniques, producing instructional YouTube videos for his highly regarded channel, The Snarr Institute, conducting & publishing research articles, and writing articles for periodicals like the Mises Daily.

Snarr is an active scholar who follows the advice of Mark Twain and Jennifer Egan: “write what you know” or “what you are curious to find out.” He studies the effects of government policy on employment, migration, fertility and participation in public assistance programs. He is skilled at Stata, and uses it to construct panel datasets from the Current Population Survey and policy variables that he codes from various public sources. Snarr recently published his 14th peer-reviewed article, two macroeconomic books, an article in the Mises Daily, and is finishing two books on labor economics. He enjoys sharing his research findings, insights, and policy recommendations in community forums, and newspaper and radio interviews. Snarr is known as Shooting Snarr on Chicago’s Stocks and Jocks morning talk radio show.