Request the Replay

“By completing this form you agree to the processing of your personal information submitted through this form in accordance with CFRA’s Privacy Notice located at and the receipt of communications about CFRA and CFRA’s services.”

CFRA Equity Market Outlook

Wednesday, June 15, 2022 11:00 AM EDT | 8:00 AM PDT | 4:00 PM BST

With a seemingly endless supply of factors contributing to increased market volatility throughout the first half of 2022, battered investors are clamoring for answers and wondering if there is any end in sight.  

CFRA’s panel of experts, Ken Leon, Sam Stovall, CFP, Angelo Zino, CFA, Vincent Randazzo, CMT, and Nick Rodelli, J.D had an insightful discussion about the potential magnitude and duration of bear market cycles, the opportunities and risk of the recent downturn in technology and semiconductors, and how U.S. mega-cap tech companies face challenges due to an evolving legal and policy landscape.

During this session, we examined the following:

  • How prolonged inflation and higher interest rates are impacting equity markets

  • Sector snapshot and review of earnings estimates and valuation

  • Technical analysis of the market's performance and current conditions

  • The technology sector and where are we in the semiconductor cycle with the impact of the global economy

  • Secular growth opportunities, risks, and trends for the semiconductor industry 

  • Legal and policy implications for the U.S. mega-cap tech platforms; what can investors expect going forward




Ken Leon

Moderator, Director of Equity Research

Ken Leon is Director of Equity Research at CFRA. He is responsible for analytical research as well as client servicing. As a subject matter expert, his research industries include Diversified Banks and the Housing Market, with coverage of Homebuilding, Home Improvement Retail, Home Furnishings and Real Estate Investment Trusts (REITs). Ken is a thought leader that provides ongoing in-depth research and communications to key customer segments. He is active with most media networks and leading print media, and is sought for his investment views on the large banks and housing market trends. Ken holds both a Bachelor of Science degree and an MBA from New York University. He was also licensed in the State of New Jersey as a Certified Public Accountant


Sam Stovall, CFP

Chief Investment Strategist

As Chief Investment Strategist, Sam Stovall serves as analyst, publisher, and communicator of CFRA’s outlooks for the economy, market, and sectors.  He is the author of The Seven Rules of Wall Street and The S&P Guide to Sector Investing. He also writes weekly “Sector Watch” and “Investment Policy” reports on CFRA’s MarketScope Advisor platform, and maintains the Industry Momentum and Seasonal Rotation portfolios. His work is also found in CFRA’s flagship weekly newsletter The Outlook. 


Angelo Zino, CFA

Vice President, Equity Research

Angelo is a Vice President, Equity Research at CFRA. His responsibilities include conducting research and recommending equity investments within the Technology sector, specializing in hardware and semiconductors. In addition, Angelo has extensive coverage in the “alternative technology” arena (i.e., solar, LEDS, 3D printing). Angelo was previously an Industry Analyst with S&P Global Market Intelligence and worked there from 2007 through 2016. Angelo holds an MBA in Finance from Hofstra University and is also a CFA charterholder.


Vincent Randazzo, CMT

Head of Technical Research 

Vincent Randazzo, CMT, is the Head of Technical Research at CFRA and Chief Market Strategist at Lowry Research, a CFRA business. Vincent produces written and recorded stock market research based on Lowry’s proprietary, statistically driven measures of equity market demand/supply and breadth. Prior to joining Lowry in 2016, Vincent held the positions with Nasdaq on its Market Intelligence Desk and as an Equity Research Salesperson at Morgan Stanley and UBS. He has written numerous articles for Bloomberg, Tabb Forum, Interactive Brokers, and Nasdaq. Vincent has held the Chartered Market Technician (CMT) designation since 2008.


Nick Rodelli, J.D.

Head and Founder of Legal Edge

Nick is the Founder and Head of CFRA's Legal Edge; an institutional investor research product focused on legal and regulatory risk. Prior to joining CFRA in 2013, Nick was a litigator and corporate governance counselor at Wilson Sonsini Goodrich and Rosati, a Palo Alto, CA technology sector-focused law firm, and Jenner & Block in Chicago, IL, and a merger arbitrage and special situations analyst at a multi-strategy hedge fund, where he performed merger antitrust, litigation, SEC Enforcement, and regulatory risk assessments, and fundamental analysis. Nick holds a Juris Doctor degree from the University of North Carolina at Chapel Hill.




Download The free eBook