Macro: Portfolio Strategy
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Macro: Portfolio Strategy

Michael Goldstein of Empirical Research Partners lands in second place for a third year running; he also tops the roster in Quantitative Research. In January, Goldstein predicted that the rally in consumer stocks — which had soared 56.9 percent in the preceding 12 months — was coming to an end, as the wealthiest and biggest spenders would suffer most from declining real estate prices.

Michael Goldstein Empirical Research Partners


Michael Goldstein of Empirical Research Partners lands in second place for a third year running; he also tops the roster in Quantitative Research. In January, Goldstein predicted that the rally in consumer stocks — which had soared 56.9 percent in the preceding 12 months — was coming to an end, as the wealthiest and biggest spenders would suffer most from declining real estate prices. He was right, but a bit early: The sector continued to rise, peaking in April, but by the end of August, it had given up all its gains for the year. “Michael is the only strategist I read religiously,” affirms one money manager.


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