Patrick Ercolano

Patrick Ercolano, CFA, MBA, is a Lead Portfolio Manager with the Investment Management and Strategy team at MD Financial Management. He oversees strategic and tactical asset allocation mandates, alternative investment mutual funds and is a member of MD’s Tactical and Risk Allocation Committee.

  • U.S. Federal Reserve rate cut takes us back to 1998

    U.S. Federal Reserve rate cut takes us back to 1998

    As most expected, the U.S. Federal Reserve reversed its rate hike path and cuts its target rate by 0.25%. Patrick Ercolano, Assistant Vice President, discusses the change in direction and what it mean

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  • Please don't sweat the tweet stuff, as U.S.–China rift tests markets

    Please don't sweat the tweet stuff, as U.S.–China rift tests markets

    Investors need to look past the Tweets about the U.S.–China trade rift: What’s more important is actual trade policy and measuring how it impacts the economy.

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  • U.S. Federal Reserve Chairman Powell: There isn't a strong case to move interest rates

    U.S. Federal Reserve Chairman Powell: There isn't a strong case to move interest rates

    The U.S. Federal Reserve kept its key target rate the same and lowered expectations of a rate change in the future. Markets react negatively to the news.

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  • With U.S. midterms behind us, let's focus on what really matters

    With U.S. midterms behind us, let's focus on what really matters

    I could try to tell my colleagues that I did a lot of overtime analyzing election results this week, but I don't need to. Anybody who knows me understands that I enjoy election nights.Whether I'm...

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  • Opa! Greece declares financial independence

    Opa! Greece declares financial independence

    Greece finally ends its bailout, symbolizing the end of the European debt crisis. Things are improving but issues like ongoing austerity measures, debt repayment and unemployment still linger.

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  • Sector Scan: Finding the shine in materials

    Sector Scan: Finding the shine in materials

    My career started in the late 90s. We were nearing the end of the technology stock bubble and I was looking for the next opportunity.  My analysis pointed towards commodities—there was a...

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  • U.S. Unemployment Hits 17-year Low: How Good Can It Get?

    U.S. Unemployment Hits 17-year Low: How Good Can It Get?

    Like taking the temperature and blood pressure of a patient, measuring employment is perhaps the best way to determine the general health of an economy. The more employment there is in a country,...

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  • U.S. Federal Reserve Holds Rates Steady

    U.S. Federal Reserve Holds Rates Steady

    On January 31, the Federal Open Market Committee (FOMC) announced its unanimous vote to leave the target range for the federal funds rate unchanged at 1.25% – 1.50%.

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  • The Perfect Calm: Three Reasons to Feel Good About the New Year

    The Perfect Calm: Three Reasons to Feel Good About the New Year

    Three trends have come together in the early months of 2018 to create not the perfect storm, but the perfect calm.

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  • Why We Don’t Set Clocks By Market Cycles

    Why We Don’t Set Clocks By Market Cycles

    As U.S. benchmarks flirted with record highs, it’s reasonable to ask if we might be nearing the end of another cycle. The easy answer is that market cycles don’t follow timelines.

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  • NAFTA in the Netflix Age

    NAFTA in the Netflix Age

    The year the North American Free Trade Agreement came into effect, there was no such thing as Google and you had to walk to Blockbuster to watch a movie at home. As NAFTA negotiations intensify in...

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  • What Higher Interest Rates Mean For You

    What Higher Interest Rates Mean For You

    The financial pages were abuzz on July 12 with the Bank of Canada’s (BoC) first rate increase in seven years. What does the move from 0.50% to 0.75% mean to your loans, investments or your travel...

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  • A Primer on France’s Presidential Election and What It Could Mean for Your Investments

    A Primer on France’s Presidential Election and What It Could Mean for Your Investments

    On May 7 (yes, a Sunday!), French voters will go to the polls to choose their new president. If you haven’t been following this election, here’s everything you need to know to get up to...

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  • Rolling the dice or political savvy? What an early election could mean for Brexit

    Rolling the dice or political savvy? What an early election could mean for Brexit

    By Patrick Ercolano, CFA, MBAPortfolio Manager Earlier this year, I visited London, U.K. to meet with some of MD’s research providers (and enjoy some traditional English fish and chips). I was...

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  • Populism, Protectionism and the New Normal

    Populism, Protectionism and the New Normal

    By Patrick Ercolano, CFA, MBAPortfolio Manager I remember watching a television news story where John F. Kennedy declared:  “I am talking about genuine peace, the kind of peace that makes life on...

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  • Basta un Sì (Just A Yes), Another Political Gamble to Finish the Year

    Basta un Sì (Just A Yes), Another Political Gamble to Finish the Year

    Italians are going to vote in a referendum on December 4 and so far, the polls are showing the “no” camp winning. If you’re not sure what the referendum is actually about, you’re not alone. My...

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