The second half of 2023 has proven more volatile than the first, with equity markets selling off following a record start to the year. With continued fed tightening and a potential recession still looming, investors are wondering where the market will go from here. Stratos Private Wealth President Jeff Brown discusses that and more in our latest webinar. Here are the key takeaways:
Fed interest rate hikes may be coming to an end but no rate cuts on the horizon
Despite the fastest interest rate hike campaign in history, the economy continues to outperform expectations along with equity earnings (1)
Entering one of the best seasons historically for equity returns (2)
Recent correction caused material breakdown in momentum indicators
Recession 2024 is still on the table as is a soft landing
Recession in late 2023/early 2024 is still on the table, as it a soft landing
In our tactical models, SPW reduced overweight on equities, increased cash equivalents and increased duration in bonds
As always, our team is here to answer any questions. Please reach out to your advisor if you would like to review your specific situation.
(1) Data sourced from Ned Davis Research ((NDR)) (2) Data sourced from Ned Davis Research ((NDR)) @copyright Ned Davis Research , Inc.
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. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. 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.