500 7th Ave, 9th Floor
New York, NY 10018
Astoria Portfolio Advisors
- Office: +1 (212) 381-1605
- Mobile: +1 (917) 862-1995
500 7th Ave, 9th Floor
New York, NY 10018
If you wait for all of your indicators to turn positive, you will miss the rally (as most did in...
Astoria’s founder, John Davi, is an award-winning research strategist and has over 20 years of experience spanning across Macro ETF Strategy, Quantitative Research, and Portfolio Construction. Before starting Astoria, he was the head of Morgan Stanley’s Institutional ETF Content and advised many of the world’s largest hedge funds and asset managers on ETF portfolio construction. John published hundreds of reports in his research career across a variety of topics from ETFs, indices, futures, and structured products.
John began his career in 2000 doing research on ETFs in Merrill Lynch’s Global Equity Derivatives Research group. John structured ETF portfolio solutions as early as 2002 for Merrill Lynch’s client base where several billion in assets were raised and executed. John’s research has been recognized and featured on ETF.com, ETFTrends.com, InsideETFs, Institutional Investor Magazine, and he is a regular contributor to CNBC, Bloomberg, and other media outlets. He was recognized by Bloomberg as an “ETF Master Chef.”
David Clark is President and Head of Business Development for Astoria Portfolio Advisors LLC. He has more than 25 years of experience in the financial services industry. David spent the first 18 years of his career at Merrill Lynch (subsequently Bank of America), holding various institutional sales management and business development leadership roles in London and New York. David was Head of Merrill’s European Convertible Bond, Equity Derivative, ETF and Delta One sales, and sat on the firm’s European Markets Operating Committee. He also served as Head of B of A’s Americas International Derivative and Swap sales. Additionally, David was Head of Americas Global Delta One, ETF and Stock Loan Distribution and Product, and a member of the North American Equity Sales Operating Committee. He later spent six years at Société Générale, where he was head of U.S. Sales for Global Securities Financing, overseeing distribution of ETF, Swap and Structured Financing products. David graduated from Villanova University with a Bachelor of Arts degree in Economics, and currently sits on the school’s President’s Advisory Council. He lives in Chatham, New Jersey with his wife and three children.
Bruce Lavine is a Senior Strategy Advisor of Astoria Portfolio Advisors LLC. Bruce has a long history in the ETF and asset management business beginning with Barclays Global Investors over 20 years ago. He was one of the earliest employees at iShares and had roles including CFO, Head of Product Development and CEO of iShares Europe. In 2006, Bruce joined WisdomTree as President and Chief Operating Officer. He was there for 10 years as an employee and remains active with WisdomTree today as a member of their Board of Directors. Most recently, Bruce was the CEO of 55 Capital. Bruce has an MBA and BS both from the University of Virginia and he is a Chartered Financial Analyst.
Gregory Sanderson is Director of Sales for Astoria Portfolio Advisors LLC. He has more than 15 years of experience in the financial industry. Gregory began his career as a specialist clerk on the American Stock Exchange. He has worked for several investment banks including Credit Lyonnais and JP Morgan, always in a trading capacity. Over the course of his career, he has worked with many different financial products including equity, bonds, credit default swaps, and collateralized loan obligations. Gregory is a graduate of Fordham University.
Michael Stulic is the Director of Capital Markets for Astoria Portfolio Advisors. Within this capacity, he oversees all trading execution and front-to-back client account management. Michael brings over 20 years of experience within the financial industry and sell-side banking. His banking experience, largely within bulge bracket firms, consists of JPMorgan, Deutsche Bank, Credit Suisse, and Barclays. Having worked within Credit Derivatives, Emerging Markets, and Correlation trading along with more recent risk management experience within the liquidity, capital, and contingent liability risk stripes, Michael brings a diversified background and unique perspective to the firm.
Michael has achieved several notable designations over his career, consisting of the Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), and Professional Risk Manager (PRM) designations. He is a graduate of Binghamton University with Bachelor of Science degrees in both Economics and Chemistry.
Nick Cerbone serves as a Quantitative Strategist for Astoria Portfolio Advisors LLC. In this capacity, Nick assists in all aspects of portfolio construction and optimization of our cross-asset ETF portfolios. Nick is a Summa Cum Laude graduate of Hofstra University with a Bachelor of Science degree in Mathematical Finance.
As an Analyst at Astoria Advisors, Frank Tedesco contributes to both the sales and portfolio management teams, providing them with the perspective and understanding of the other. He works with high-net-worth clients and institutional investors, delivering customized solutions and strategies based on their goals and risk profiles.
Frank holds a BS in Finance from Fordham University’s Gabelli School of Business, where he graduated magna cum laude and received multiple honors and certifications. Frank is passionate about helping clients achieve their financial objectives and grow their wealth.
Despite expected increases in the August headline YoY and MoM CPI (consumer price index) report,...
When looking at growth relative to value via their respective Russell 1000 indices, growth is...
As of July’s end, both the S&P 500 Index and Nasdaq Composite Index posted their fifth...
The S&P 500 is up nearly 20% in 2023 as the “impossible” market rally continues. Making sense...
Deglobalization in the current global climate is a hotly contested topic amongst politicians and...
Despite uncertainty around macro fundamentals raising recession risks, all three major equity...
Astoria’s current macroeconomic framework points towards a constructive view on international...
2023 has been an extraordinarily confusing year for portfolio managers. Investors have generally...
We believe it continues to make sense for investors to hedge inflation risk, despite headline...
Despite debt ceiling worries, weak market breadth, and stubborn inflation , the Nasdaq 100 Index...
Astoria Portfolio Advisor’s Founder and CIO, John Davi, was featured on CNBC to discuss 2023 ETF...
Astoria presents macro data from early last week detailing how consumer and AI optimism could...
Despite bank failures and uncertainty regarding monetary policy and interest rates, equities...
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There has been enough written about SIVB and what led to the...
Daily, Astoria monitors and tracks largely followed macroeconomic indicators to help us gauge the...
Astoria has recently created a new tool that provides further insights into their various stock...
Amid soaring inflation, high interest rates, geopolitical tensions, and recession concerns,...
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Amid easing inflation and hopes of reduced interest rate increases, equities were up in November...
Amid hopes for a slowing pace of interest rate hikes, equities mainly were up in October as the...
Click here to read Astoria’s Q4 Investment Outlook
This past weekend, we expressed to our followers that one of the tell-tale signs of a market...
There is an old Wall Street saying: “the stock market STOPS panicking when central banks START to...
There are 3 pertinent portfolio construction topics as we head into the fall:
On June 9th, we distributed a piece (click here) arguing that if CPI surprised to the upside, the...
Amid rising recession fears, inflation & interest rate concerns, and slowing economic growth,...
Bearish sentiments and charts have been circulating the media. We thought we would share this...
The Fed would have been ‘all-in’ if they hiked 100bps yesterday, but they settled on 75bps. The...
Meet a Strategist is a weekly feature where Evan Harp talks to different strategists about how...
Today’s CPI print delivered worse than expected inflation. We are once again at a 40-year high.
By Nick Cerbone
Forward-Looking Views on Upcoming CPI/PPI
Despite negative returns in April and market turbulence throughout May, equities finished...
On Tuesday, May 31, 2022, Astoria Portfolio Advisors and AXS Investments rang the opening bell at...
Astoria’s key message now is this: long duration assets are experiencing a recession while there...
April was a challenging month for equities as stocks declined
We’ve had plenty of growth scares over the past decade. This one is being driven by rates which...
Diversification is always smart. However, sticking to the same allocations may not pay off in...
The S&P 500 Index returned -4.6% during Q1 2022, and the MSCI All Country World Index fell...
First and foremost, our thoughts are with the people of the nation of Ukraine. The below...
On Thursday, February 24th, Russian President Vladimir Putin launched its invasion of Ukraine...
January 2022 CPI data are scheduled to be released onThursday, February 10, 2022, at 8:30 A.M.
Fed Ready to Raise? At the FOMC meeting on Wednesday, January 26th, the Federal Reserve kept the...
What does yesterday’s FOMC meeting mean for investors? Risks remained skewed to the...
Over the weekend, Barron’s Roundtable released their widely read top stock & fund picks for...
Wednesday will see the release of CPI, and Thursday will get PPI. As we have argued in the past,...
On Monday, January 3, 2021, Astoria’s John Davi was featured on CNBC as an “ETF expert” along...
Astoria has been quite vocal about using cyclical and inflation sensitive assets to provide...
Astoria Portfolio Advisors would like to thank Bloomberg Quicktake, Eric Balchunas, and Joel...
Based on 2021 or 2022 forward estimates, the following asset classes offer a real attractive...
Throughout June and August, Astoria’s CIO, John Davi, was featured as a judge on ETF Battles...
We believe there is another leg up in the inflationary assets. Astoria likes playing this...
Astoria has recently created a new section of our website; this will allow you to download all of...
A recent article in Advisor Perspectives highlighted how high CAPE ratios have historically...
For some time, our view has been that the economy is accelerating, bonds will struggle, investors...
Q2 Investment Committee Outlook: Is the early cycle phase over? No, but headwinds are mounting.
For most of the past decade, inflationary pressures were suppressed. Hence, deflationary assets...
Before we get into Astoria’s ETF Valuation Matrix, we wanted to alert you that we have updated...
We have seen significant price volatility (on the way up & down) on a handful of individual...
In the past month, Astoria Portfolio Advisors has attracted considerable coverage from acclaimed...
In the past couple of weeks, Astoria’s founder and CIO, John Davi, has been featured on both...
I wanted to send a few portfolio construction thoughts as we finish 2020, as well as two recent...
Investors’ love affair with past winners is insatiable. The ‘conventional wisdom’ on Wall Street...
There are several reasons why stocks have significantly rallied in recent months.
YTD and historical performance of Astoria’s dynamic ETF managed portfolios. Historical...
Astoria was recently interviewed by CNBC TV and Yahoo Finance to discuss why we believe investors...
Astoria Portfolio Advisors has invested a significant amount of resources on our technology,...
Astoria has received a number of inquiries from financial advisors regarding the probability that...
We also discuss a few strategic shifts we have implemented in our portfolios. Lastly, we provide...
Astoria was interviewed by CNBC TV on June 22, 2020, to discuss how to position your portfolio...
Astoria Portfolio Advisors appeared on CNBC earlier this week to discuss: Inflection point in...
Astoria was interviewed by CNBC on April 24, 2020 to discuss a variety of portfolio construction...
Astoria was interviewed by CNBC on February 19, 2020 to discuss the potential impact of the...
Because capital is always allocated looking for the highest return per unit of risk (liquidity...
From our perspective, one of the biggest stories in 2019 was the U.S. Federal Reserve’s complete...
Investors’ love affair with past winners is insatiable. The ‘conventional wisdom’ on Wall Street...
Astoria was interviewed on “ETF Prime Podcast: The Year In ETFs & 2020 Predictions” on...
Astoria was interviewed by CNBC on December 18, 2019 to answer the following questions:Which ETF...
Investors’ love affair with past winners is insatiable. The ‘conventional wisdom’ on Wall Street...
Astoria Portfolio Advisors has produced hundreds of pages of content in the past 3 months. Why do...
Notable value managers such as Joel Greenblatt, Warren Buffet, Leon Cooperman, and Seth Klarman...
Astoria’s Founder and CIO, John Davi, appeared on CNBC TV on September 23, 2019 to discuss...
Has there been any changes in the economy or fundamentals that have resulted in the recent rise...
Liquidity is very poor in August so investors should keep in mind that the moves in both the...
Astoria Portfolio Advisors been vocal about sticking with high quality stocks and bonds,...
Astoria’s Founder and CIO, John Davi, appeared on CNBC TV to discuss recession fears,...
Astoria’s Founder and CIO, John Davi, was interviewed by FOX Business on July 19, 2019...
Astoria’s Founder and CIO, John Davi, presented at the annual Inside Smart Beta Conference...
Astoria’s Founder and CIO, John Davi, will be presenting at the annual Inside Smart Beta...
Is data the new alpha?What role does Artificial Intelligence, Big Data, and Machine Learning play...
This isn’t the time in the cycle to take excessive risk. The easy money has already been...
Important Risk Disclosure
Investing involves risk including the risk of loss of principal.
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
This communication is not intended to be an investment recommendation or investment advice and should not be relied upon as such.
The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and have been licensed for use by State Street Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices.
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State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, One Iron Street, Boston, MA 02210.
Before investing, consider the funds’ investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus, which contains this and other information, call 1.866.787.2257 or visit www.ssga.com. Read it carefully.
None of State Street Corporation, State Street Global Advisors, SSGA Funds Management, Inc. or any of their affiliates or subsidiaries (“State Street”) are affiliated with Vettafi ETF Strategist. However, State Street may enter into, and may have entered into, certain marketing arrangements with Vettafi ETF Strategist, including arrangements relating to SPDR® ETFs. State Street does not endorse Vettafi ETF Strategist and disclaims any liability associated with Vettafi ETF Strategist.
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.
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Not FDIC Insured – No Bank Guarantee – May Lose Value
A long-running debate in asset allocation circles is how much of a portfolio an investor should...
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