Fixed Income Research
Forbes Best-In-State, FL, 2019, 2020, 2021
Annual Campaign of the Jewish Federation of South Palm Beach County, Vice President, Executive Committee & Board of Trustees; Jacobson Jewish Community Foundation of South Palm Beach County, Executive Committee & Board of Trustees; Governance Committee of the Foundation’s Professional Advisory Committee; Temple B’Nai Torah’s Foundation, Investment Committee Board Member; Greater Boca Raton Estate Planning Council Member; Board of Directors and the Finance Committee of the Jewish Association for Residential Care (JARC)
Richard Steinberg is the Chief Market Strategist, Co-Chair of the Investment Division and a Principal of The Colony Group. He brings over 25 years of experience leading seasoned investment teams and developing customized investment strategies for private clients, corporations, foundations, retirement accounts, profit-sharing plans and pension accounts. He also analyzes and explains the markets as well as the ever-changing economic and political landscape for clients and the media.
He is also a frequent guest on major business television channels and is often quoted in the national media outlets.
Richard co-founded Steinberg Global Asset Management, Ltd. in 1993 with his father, Norman Steinberg. The team they formed is reflective of their philosophy of consistency, experience, education, dedication, and excellence. It is these shared values that led them to merge with The Colony Group in May 2019.
Richard is a Chartered Financial Analyst and member of both the CFA Society of South Florida and the CFA Institute. His diverse background includes portfolio management and securities analysis. Richard is a graduate of Emory University Business School with an undergraduate degree in Finance and supplemental coursework at University College at Oxford University, England. Richard is an alumni and graduate of Harvard Business School’s Executive Education Program, Owner/President Management (OPM Class 54).
Richard serves as Vice Chair of Annual Campaign of the Jewish Federation of South Palm Beach County. He sits on both its Executive Committee and Board of Trustees. Richard has served as Chairman for the Jacobson Jewish Community Foundation of South Palm Beach County and now serves on its Executive Committee, Board of Trustees, and the Governance Committee of the Foundation’s Professional Advisory Committee. He is also a member of the Greater Boca Raton Estate Planning Council. Additionally, he serves on the investment committee of Bnai Torah Congregation’s Foundation. Richard also serves on the Board of Directors and the Finance Committee of the Jewish Association for Residential Care (JARC).
Richard enjoys spending the precious commodity of his free time devoted to his wife and two children and is an avid golfer and collector of fine wine.
Introduction Many investors believe that the signal for policymakers to stop hiking interest rates is when “something breaks.” After more than a year of rate increases, something finally broke,...
The Colony Group's Rich Steinberg, Chief Market Strategist, spoke with Financial Times in the article "Nasdaq records best quarter since 2020 after volatile start to year".
The Colony Group's Rich Steinberg, Chief Market Strategist, spoke with Bloomberg in the article "Bank Crisis Survivors Remember How Fast Dominoes Can Fall."
Last year it seemed that investment markets were aligned against investors. As the Fed raised rates at a record-setting pace in modern history, equities posted their worst returns since...
The Colony Group's Rich Steinberg recently spoke with Bloomberg in the article "Powell needs to put on his hawk costume and snarl".
2022 was a challenging year for investors, as both equities and bonds posted losses. Most stock markets across the world experienced a bear market during the year. Despite less...
The Colony Group's Rich Steinberg spoke with Reuters in the article "FOMC in Dec worried about "misperception" that inflation fight flagging". Read the full article here.
Sharp sell-offs in the bond and stock markets have contributed to recent and unique economic circumstances. With so much uncertainty around the globe, where should investors focus? Our investment...
Investment markets got off to a promising start in the third quarter before ending with a thud. After a challenging first half of the year, risk assets began a...
The first half of 2022 proved to be the worst start for stocks since 1970. What might lie in store for the second half? Join our investment team for...
U.S. equities experienced their worst first-half performance since 1970. Typically, when equities suffer from large declines, investors can rely on their fixed-income investments to help soften the blow. That...
The final trading day of April added insult to injury on an already rough month for stocks. On the back of an abysmal earnings report from one of the...
“Worries about the war in Ukraine, China’s Covid-19 outbreak, a U.S. or European recession, and surging global inflation are making a long-spurned asset increasingly popular with Wall Street’s top...
The unusual nature of the global pandemic helped lead to the extraordinary economic cycle we are currently experiencing. Over the past two years, we have had the shortest economic...
After another record-breaking year in the markets, what’s in store for 2022? Will it be another year of singing the “Inflation Blues?” (artist: B.B. King) or will “Three Little...
COVID and inflation are key concerns for investors, but how central banks navigate these uncertainties may be more...
Investment markets began to show signs of fatigue in September, though most asset classes were able to produce positive returns for the third...
Our Chief Market Strategist, Richard Steinberg, shares his take on the recent volatility, global supply chain issues, and investing with Bloomberg News. (Listen to Rich at 12:50 min.mark)
Richard Steinberg, CFA, Chief Market Strategist for The Colony Group, participated in the CNBC Fed Survey published September 21, 2021, which represents the opinions of 32 of the nation’s...
"Investors have been negatively conditioned to worry about the economy and the virus from last year’s stressful world. I would describe the environment as skittish, but we are not seeing high levels of short-termism," said Richard Steinberg to CNBC.
The bull market is alive and well as the S&P 500 posted its strongest first-half-year gains since 1998. However, last winter’s optimism over the development of effective vaccines and an...
Our Chief Market Strategist, Richard Steinberg, shares his take on inflation, tax hike worries, and the tug-of-war between growth and value stocks with Bloomberg News.
Each quarter, we bring you inside Colony’s Investment Committee discussions to learn, first-hand, about the trends that affect the markets, and how they may shape our investment outlook. Top trends we’re...
Trying to time a regime shift and a bursting of the related bubble "is extremely difficult and can be extremely painful if you're on the wrong side of the trade," said Richard Steinberg.
Inflation, the Fed stimulus, and an economic recovery that could lead to a “Roaring ‘20s” environment were a few of the market insights shared by Richard Steinberg.
Both Jason Blackwell and Richard Steinberg share their investing advice in Money's comprehensive guide for new investors.
The markets have been trading on positive news (think huge stimulus package, better vaccine news). Listen as @RichSteinberg shares his thoughts on the markets and where he thinks they might be in 3-4 months.
"The yield curve and reopening and fiscal stimulus all play into small caps with a domestic focus," Richard Steinberg told Axios
Rich Steinberg shares his take on the markets, earnings and the stimulus proposal on YahooFinance.
“When you have a one-way directional market and everybody wins, it’s kind of like when you go to Las Vegas for the first time. The house really wants you to win, so you think this is an easy game,” said Richard Steinberg, Chief Market Strategist for The Colony Group. “Then you learn it’s not that easy.”
In the 2021: Great Expectations webinar, our Investment Leadership Team provided their insights on the markets and economy and addressed questions on the minds of investors including: Should investors anticipate similar...
"It's silly season," says Richard Steinberg of The Colony Group. "Investors need to distinguish the difference between a great company and a great price or value."
Great points by Richard Steinberg on the latest market action, ADP numbers, and why investors should consider broadening their portfolios.
New unemployment claims rose for the first time in five weeks, revealing the ongoing impact the coronavirus pandemic is having on the U.S. economy. Rich Steinberg joined CBS Live to discuss this, the stalled Federal relief and the disconnect with the stock market.
"Executive orders will be big issue, especially on the trade front. Biden would want a more multilateral approach," said Rich Steinberg, Chief Market Strategist in his interview with CNN Business.
Our Chief Market Strategist, Richard Steinberg, joins Bloomberg News Daybreak Asia radio to discuss the markets and what investors need to consider as we approach the elections.
"The market's telling us that adversity may bring us together temporarily," said Richard Steinberg regarding the second round of a coronavirus stimulus plan.
The energy sector is "completely out of favor, but the world's infrastructure still runs on fossil fuels and the amount of time it'll take to transform that and deliver energy at an affordable price with affordable delivery systems is at least a decade," said Richard Steinberg.
Richard Steinberg provides his views on the recent market volatility, potential election meltdown, and lack of additional fiscal stimulus in Axios.
Richard Steinberg, CFA, Chief Market Strategist for The Colony Group, participated in the CNBC Fed Survey published September 15, 2020, which represents the opinions of 37 of the nation’s...
"Even if a stimulus deal is passed this month, the 'delay effect' on when aid reaches Americans could see economic indicators turn worse before improving," said Richard Steinberg in Business Insider.
Richard Steinberg discusses the Fed actions to bolster the economy, possible future inflation, risk, and other relevant market news on Bloomberg News Daybreak Asia.
Richard Steinberg weighs in on the complicated US/China relationship regarding trade and tariffs and market outlook with Yahoo Finance's On The Move.
“People have been locked up and when they see sparkles of hope like vaccines, that drives optimism probably ahead of where it should be and clearly ahead of the economy," said Richard Steinberg in Reuters.
Also, published in the New York Times.
The second-wave risk was also ignored for psychological reasons, according to Rich Steinberg, Chief Market Strategist at The Colony Group. Investors trapped in quarantine saw hope in the prospect of reopening. Such hope fueled a spike in market optimism, but the upswing quickly showed "an element of complacency," Steinberg said.
"It's somewhat of a psychological response to be like, 'can we just get back to normal?'" he said. "The markets are acting like we're going to flip a switch and be back to normal. But the economic reality is not there."
Rich Steinberg, Chief Market Strategist at The Colony Group, discusses the markets with Bryan Curtis and Kathleen Hays on Bloomberg Daybreak Asia.
“So people are looking to rotate out of names that they don’t think will recover when the market does turn. A lot of money was hiding in utilities and defensive and now they’re starting to peek their head out,” said Rich Steinberg, Chief Market Strategist at The ColonyGroup, in Reuters and Nasdaq.
"You just can't model the virus," says Richard Steinberg, Chief Market Strategist at The Colony Group. Steinberg emphasizes that the huge uncertainties at play make monitoring the virus closely justifiably important to Wall Street.
"Markets are looking at what the trends are looking like in some of the hot spots and trying to extrapolate. How does that factor into the reopening of the economy? Don't forget that New York, L.A. and Chicago are 10% of GDP. So that's a really important component," Steinberg says.
"You're seeing some level of optimism, just because we've come way off the lows," says Richard Steinberg. "I don't think we're out of the woods yet."
“This shows the magnitude and the seriousness of this problem,” said Richard Steinberg, chief market strategist at Colony Group, in Florida. “We’re going to be digesting this for awhile and until the data becomes less worse, we’re going to have lumpiness in trading around these shock-and-awe numbers.”
“The surge in crude is helping the mood, so we’re seeing some relief in markets that have been hammered,” said Richard Steinberg, Chief Market Strategist at The Colony Group.
“We’re going to be digesting this for a while and until the data becomes less worse, we’re going to have lumpiness in trading around these shock-and-awe numbers,” said Richard Steinberg, Chief Market Strategist at The Colony Group.
Shares of power producers gave back some of their recent gains, as investors adjusted portfolios at the end of a punishing quarter. Recent moves are the "combination of a market that's been hammered and pension and endowment rebalancing at the end of the quarter," said Rich Steinberg, chief market strategist at wealth-management firm The Colony Group.
Richard Steinberg explains why the $2 trillion stimulus bill is the metric to watch this week on Cheddar.
Rich Steinberg, Chief Market Strategist at financial-advice firm The Colony Group is telling his clients – many of them retirees in Boca Raton, something very similar. Yields on energy “master-limited partnerships” and some corporate bonds may be tempting, but retirees have to resist the temptation, he said.
“My dad told me, ‘if you reach for yield, you’ll pull a muscle,’” said, citing his father, Norman Steinberg, with whom he co-founded the financial-advice firm that later merged with Colony
People are gripped with fear. We fear getting sick, losing our jobs, and watching our portfolios decline in value. That is a very understandable reaction to the crisis in which we currently find...
"It's not pretty, but it's orderly," Rich Steinberg told Sam Becker on CNBC Grow. As state and local governments, along with the federal government, work out legislation to help workers and businesses, the markets will adjust accordingly, which could further help stabilize things.
Richard Steinberg offers advice to investors as markets react to the "perfect storm of numerous market pressures" in his interview with Ben Winck in Business Insider.
The market decline serves as an attractive entry point for investors who can stomach short-term volatility, Richard Steinberg told Ben Winck in Business Insider.
For our most recent update on the COVID-19, please read: What A Week, Really This Time Equity markets opened sharply down again this morning following President Trump’s address to the nation....
“Treasuries have become the de-facto defensive asset for the market. Investors have to make sure they have enough cash on the sidelines to meet whatever their cash needs are for at least the next year,” Richard Steinberg tells Axios.
Richard Steinberg shares his thoughts on Fed rate cut and the markets on Yahoo Finance 'On The Move.'
“Natural buyers come into high-quality dividend stocks during volatile times which could help smooth the ride for investors,” said Richard Steinberg via Jonathan Garber on Fox Business Network.
Transportation stocks are a leading indicator of anxiety. Travel plans are the first thing that people are canceling, said Richard Steinberg in his interview with Paul La Monica via CNN Business.
Fears can be irrational at times, said Richard Steinberg. "I think when you get into stressful periods like this, people start to extrapolate and make bad decisions." via Rob Curran on Morningstar.
By: Jason Blackwell, CFA, CAIA®, Chief Investment Strategist; Brian Katz, CFA, Chief Investment Officer; Richard Steinberg, CFA, Chief Market Strategist A review of October’s investment returns may cause you...
Richard Steinberg, Chief Market Strategist, gives his take on the markets going into 2019.
Richard Steinberg, Chief Market Strategist, joins the ‘Squawk Box’ team to discuss if the market is going to be impacted by the Trump agenda.
Richard Steinberg, Chief Market Strategist, provides his outlook on the markets amid a strong earnings season.
Richard Steinberg, Chief Market Strategist, weighs in on what’s prompting the shift in market momentum.