Time to Read: 3 Minutes
The economic fallout from COVID-19 broke several records, including the fastest recession in the history of the US*. In our most recent webinar titled, “Is The Recession Over?”, we take a look at the key indicators we are watching to determine if the recession has ended. Here are the key takeaways:
- Fastest recession in history triggered fastest market.*
- Recession will end after a trough in activity. That may be occurring.
- Longer term recovery shape still unknown and depends on business.
- Fed, Central banks and Governments are providing massive stimulus.
- Long term returns on traditional fixed income likely muted from here.
- Indicators turning bullish as market advance broadened out.
- Sentiment elevated after rapid market recovery.
- It’s still all about COVID-19.
Currently we remain marketweight stocks, overweight bonds, and underweight cash. We are continuing to look for opportunities to add risk assets at appropriate times and believe it is important for clients to maintain an appropriate amount of liquidity for the next couple years. Please contact Stratos Private Wealth if you would like to discuss your specific situation in more detail.
Stratos Private Wealth is a division through which Stratos Wealth Partners, Ltd. markets wealth management services. Investment advisory services offered through Stratos Wealth Partners, Ltd., a registered investment adviser. Stratos Wealth Partners and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only; and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction. Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Investing involves risk including possible loss of principal. Some of the information contained herein has been obtained from third party sources which are reasonably believed to be reliable, but we cannot guarantee its accuracy or completeness. The information should not be regarded as a complete analysis of the subjects discussed.
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