Research

Mr. Trennert is the Chairman and Chief Executive Officer of Strategas and its related companies. In addition, as Chief Investment Strategist, Mr. Trennert is known as one of Wall Street’s top thought leaders on the subject of markets and economic policy. His research pieces are read by leading institutional investors and corporate executives across the globe. Strategas has been ranked as Wall Street's leading macro-only research firm for six straight years.

In 2006, Mr. Trennert co-founded Strategas, which originally began with just five employees. Today, the firm employs over fifty research analysts, institutional salesmen, and sales traders at its offices in New York and Washington D.C. Prior to founding Strategas, Mr. Trennert was the Chief Investment Strategist and a Senior Managing Director at International Strategy & Investment (ISI) Group. Jason is a regular guest on business news programs broadcast by CNBC, CNBC Italia, Fox Business News, and Bloomberg TV. He is the author of three books about investing and the investment business. My Side of the Street was published by St. Martin’s Press in May 2015. He is a frequent contributor to The Wall Street Journal's op-ed pages.

Mr. Trennert’s two most notable calls involved coining the phrase “TINA” as it relates to equities in a world of perpetually low interest rates and his early recognition of the potential allure of Donald Trump as a presidential candidate. His op-ed “The Stock Market and “The ‘TINA’ Factor” was published in The Wall Street Journal in April 2013. “What the Donald Got Right” was published in Investor’s Business Daily in May 2011. His piece “Donald Trump is Underowned” appeared on the website Real Clear Markets in August 2015. Mr. Trennert credits his often out-of-consensus calls to his frequent travels to visit clients in 45 states and 25 foreign countries.

He is committed to a number of Italian, Italian-American, and Catholic causes in New York and abroad. For his efforts he was honored at the 66th Annual Columbus Day parade in New York and was awarded the honorific of Cavaliere by the Republic of Italy on June 2, 2017. Mr. Trennert is a member of the investment committee of the National World War II Museum and a member of the advisory board of Hollow Brook Wealth Management.

He has an MBA from The Wharton School at the University of Pennsylvania and BS in International Economics from Georgetown University.

Mr. Rissmiller is a founding Partner of Strategas and has directed the Firms macroeconomic research efforts since 2006. He oversees Strategas thematic research as well as high-frequency econometric forecasting.

Prior to co-founding Strategas in 2006, Mr. Rissmiller was an Economist and Managing Director at International Strategy & Investment (ISI) Group. Before joining ISI, he worked at the Federal Reserve Bank of New York, focusing on the analysis of U.S. macroeconomic data and price/wage forecasting models. He is frequently quoted in the financial press. He has been the president of the Forecasters Club of New York, a local group of economists. He serves on the board of the Global Interdependence Center (GIC) based in Philadelphia.

Mr. Rissmiller's research has been recognized by Institutional Investor magazine in their annual survey. Mr. Rissmiller holds an AB magna cum laude in Economics from Harvard.

Daniel Clifton is a Partner and Head of Policy Research for Strategas Securities. In this capacity, Mr. Clifton evaluates the financial market implications of policy and political developments. This includes analyzing tax, trade, infrastructure, healthcare, energy, and other policy initiatives to determine how public policy changes impact the economy and financial markets for institutional investors.

Daniel leads Strategas’ Washington policy research team, which has been ranked as one of the top policy research teams on Wall Street for 14 consecutive years according to Institutional Investor. Mr. Clifton is currently ranked as the top Independent research analyst on Wall Street, across all research verticals as well as a top ranked analyst for Tax and Accounting policy.

Mr. Clifton’s research on the interaction between policy, elections, and financial markets is widely cited in the media and Daniel is a frequent guest on CNBC

Mr. Verrone is a partner of Strategas and is the head of the Firm’s Technical & Macro Research team. He is also a member of the Firm’s Asset Allocation committee. His regularly published research highlights actionable investment opportunities across the equity, commodity, foreign exchange, and fixed income markets.

Chris is a frequent guest on CNBC, Bloomberg Television, and Fox Business, and is often quoted in the domestic and foreign financial press. He is consistently ranked among the top macro analysts on Wall Street in the annual All-America Research Survey by Institutional Investor magazine, and is particularly known for combining a rigorous examination of financial history with empirically driven analysis.

Prior to joining Strategas, Mr. Verrone worked with the Economics team at International Strategy & Investment (ISI) Group and at the Foreign Policy Research Institute. Chris holds a MA in Political Science from Villanova University and a BA in International Political Economy, also from Villanova. He is also active with the Delbarton School Alumni Association. Chris, his wife, Caroline, and their three children, Maggie, Reagan, and Connor reside in Connecticut.

Mr. Tzitzouris is a Managing Director at Strategas, directing the Firm's fixed income research efforts. His work touches on all aspects of broad market fixed income strategy, as well as clients' asset/liability management needs.

His focus includes interest rate and credit term structure strategies, callable bond analysis, sector relative value research, and valuation analysis for Treasury, Agency, and high grade corporates.

Prior to joining Strategas, Mr. Tzitzouris worked as a senior analyst at Fannie Mae, leading Fannie's independent debt valuation team, and had previously spent time as a debt and derivatives analyst at Freddie Mac.

Mr. Tzitzouris began his career as a quantitative research analyst with JPMorgan Asset Management's fixed income group. Mr. Tzitzouris holds a BS in Finance from Bryant University, an MS in Mathematics from Fairfield University, and an MA in Economics from George Mason University.

Courtney Rosenberger Gelman is a Managing Director of Policy Research at Strategas Securities’ Washington, DC office. In this capacity, Mrs. Rosenberger directs Strategas’ policy research efforts and connects the specific investment implications from changes in public policy initiatives. This involves the construction, maintenance, and analysis of Strategas’ equity portfolios based on public policy themes. Courtney also serves as the lead portfolio analyst for Strategas Asset Management’s widely followed Policy Opportunities Portfolio and as a co-portfolio manager for Strategas Asset Management’s Global Policy Opportunities ETF.

Courtney was recognized by her peers as a 2016 and 2018 Rising Star in the Washington Research category of Institutional Investor’s All-American Research Team survey. Separately, Strategas’ Washington Policy team has been recognized as one of the top Washington policy research teams by Institutional Investor in all ten years Courtney has been a member of the research team and was the #1 ranked Washington policy team in 2019.

Mrs. Gelman graduated magna cum laude with a BBA in Finance and BS in Economics from the University of Kentucky. She currently serves as chair of the Gatton College of Business and Economics’ Emerging Leaders Board.

Jeannette Lowe is a Director of Policy Research at Strategas Securities. In this capacity, Ms. Lowe directs the firm’s public policy research efforts and translates the impact these policies will have on financial markets. The policy research team at Strategas has been consistently recognized as one of the top Washington policy research teams on Wall Street by Institutional Investor, including all eight years Ms. Lowe has been a member of the team.

Prior to joining Strategas, Ms. Lowe served as the Associate Director of State Affairs at the March of Dimes, working to develop the organization’s policy positions and working with the field staff to lobby for policy changes at the state and local levels. She also worked as a Legislative Associate at Stateside Associates, a state government relations firm, conducting research and tracking policy trends for clients. In addition, she has experience working on local, state, and national elections. She received her Bachelor of Arts degree in Political Science from the University of Richmond and her Master of Arts degree in Political Science from Boston University.

Ryan Grabinski is a Managing Director with Strategas Asset Management, LLC and Strategas Securities, LLC, based in the Adviser’s New York City offices. In both capacities Mr. Grabinski directs Strategas’ portfolio strategy and asset-allocation efforts and connects the specific investment implications from changes in the macro landscape. This involves the construction, maintenance, and analysis of Strategas’ equity portfolios based on macro themes. Mr. Grabinski is a co-Portfolio Manager of the Macro Thematic ETF and the Lead Portfolio Analyst for Strategas Asset Management’s Blue Chip Opportunities, Dividend Growth, and Earnings Momentum investment strategies.

Before joining Strategas, Mr. Grabinski worked as an investment analyst at Rocaton Investment Advisers advising institutional clients primarily on asset allocation. He graduated cum laude with a BS in Finance from Bentley University in 2010.

Todd Sohn is a Technical Strategist for the firms' Institutional Investor ranked Technical Research team. He actively works with the Firms' institutional clients to provide tailored analysis on securities around the world. Todd also leads the Firm’s ETF research, examining industry trends and how investor flows fit with, or against, the consensus. His work has been featured on various financial press outlets including Bloomberg, CNBC, and the Wall Street Journal.

Prior to joining Strategas, Todd worked in various roles at JPMorgan and SAC Capital Advisors. Todd has earned the Chartered Market Technician (CMT) designation and is an active member of the CMT Association. He has an MBA from Fordham University and graduated with a degree in Finance from Syracuse University. Todd resides in New York City and is proud to have completed four marathons.

Jonathan Byrne is a Research Associate on the research team in Strategas Securities New York office. Mr. Byrne contributes to the analyses used in Strategas reports and bespoke research, primarily focusing on Investment Strategy.

Mr. Byrne graduated magna cum laude with a BS and an MBA with a concentration in Finance from St. John’s University in 2018.

Chris McGrath is a Vice President on the Policy Research team in Washington, D.C. In this role, Chris assists in the firm’s daily research efforts, connecting policy developments in Washington to financial market outcomes.

The Strategas Policy team has been recognized as one of the top Washington policy research teams by Institutional Investor throughout Chris’s time with the firm, including recognition as the #1 ranked Washington policy team in 2019.

Chris graduated from Duke University in 2018 and joined Strategas following graduation from the Duke Fuqua School of Business in 2019.

Brandon Fontaine is an Associate on the research team in Strategas Securities New York office. Brandon works at the intersection of Economics, Fixed Income, and Surveys, conducting research in each of these domains to help clients better understand the economic environment and fixed income markets.

Brandon graduated from Bryant University in 2021 with a double major in Economics and Finance as well as a concentration in Global Studies.

Maria Cabella is an Associate on the research team in Strategas Securities’ New York Office. Maria contributes to the analyses used in Strategas reports and bespoke research, mainly focusing on Economics.

Maria graduated summa cum laude with a BS in Economics and Minors in French and Mathematics from Northeastern University in 2022, and with a MS in Economics also from Northeastern in 2023. She is originally from Buenos Aires, Argentina.

Adair is an associate on the research team at Strategas’ New York office. She helps conduct research and analysis on behalf of the investment strategy and technical research verticals and assists in fulfilling client requests as part of the firm’s bespoke research desk.

 Adair graduated Magna Cum Laude from the University of Georgia’s Morehead Honors College with a B.A. in Finance from the Terry College of Business. She is originally from New Orleans, LA.

Mr. Bohnsack is co-founder of Strategas and serves as the President of the Firm’s institutional broker-dealer, Strategas Securities. He is responsible for the Firm’s institutional securities businesses with enterprise and strategic responsibility for Macro Research, Sales & Trading, and Capital Markets, and with oversight of the Firm’s Finance, Compliance, Technology, and Operations units. He also serves as the Chief Executive Officer of Strategas Asset Management, the Firm’s affiliated $550 million AUM/A macro-thematic investment management firm, and co-chairs its Investment Policy Committee.

Nicholas co-founded Strategas in 2006. After a decade building the Firm in private partnership, Strategas Securities and Strategas Asset Management were acquired by Baird Financial Group in 2018. In addition to continuing as president of Strategas, now operating independently as wholly-owned Baird subsidiary companies, he is a Managing Director of Baird and a member of that Firm’s Operating Committee. Prior to co-founding Strategas, Mr. Bohnsack was an Investment Strategist and Associate Managing Director with International Strategy & Investment (ISI) Group and began his career in the Investment Banking Group at FactSet and in Restricted Securities at Morgan Stanley.

Mr. Bohnsack received his MS in Mathematics from Fairfield University and received bachelor's degrees in Economics and Finance from Bryant University. He is a member of the Board of Advisors at Bryant University's College of Business. Nicholas and his wife, Brooke, live in Connecticut with their three sons.