Planning for retirement and replacing a work paycheck with savings can be a daunting task, especially with the current challenges of market declines, inflation, rising interest rates, and the threat of recession. Predicting the Markets: A Professional Autobiography: WEALTHTRACK episode 1942 broadcast on April 14, 2023. To discuss the outlook for the economy and markets, and the best course for investors, we are joined by Ed Yardeni, President and Chief Investment Strategist of Yardeni Research, a PhD economist, long-time Fed watcher, and investment strategist who is widely followed by institutional investors. This dominance of a handful of stocks has investors facing some interesting choices, including cash, which is back with money market funds offering yields as high as 5%, and gold, which has recently traded near record territory at over two thousand dollars an ounce.Īll of this is happening against a backdrop of the highest interest rates in years, stress in the banking system, and a Federal Reserve under pressure to pause its fight against inflation. According to research firm Strategas, ten stocks, including Apple, Microsoft, Nvidia, Meta, Tesla, Amazon, Alphabet, Salesforce, AMD, and Broadcom, have accounted for 90% of the S&P 500's year-to-date gains. WEALTHTRACK 1947 broadcast on May 19, 2023Īfter a tough 2022, big tech stocks are back and leading the market rally. Outspoken economist Dave Rosenberg sees evidence of both and advises defensive investments Recessions & financial crises go hand in hand after Federal Reserve tightening cycles. They may want to consider reducing their equity exposure and increasing their cash holdings. Investors who are concerned about the economy should pay attention to Rosenberg's predictions. In 2007, he predicted the subprime mortgage crisis, which turned into the Global Financial Crisis. However, Rosenberg's track record suggests that he is worth listening to. Rosenberg's views are in contrast to those of many other economists, who believe that the Federal Reserve can engineer a soft landing. He also points to the recent failures of Silicon Valley Bank, Signature Bank, and First Republic as evidence that the economy is weakening. Rosenberg's predictions are based on his analysis of the Federal Reserve's tightening cycle, which he believes will lead to a recession. He predicts that the S&P 500 will eventually bottom at 3100, and he has positioned his personal portfolio accordingly. WEALTHTRACK #1948 broadcast on April 26, 2023ĭavid Rosenberg, a well-known economist, believes that the United States is in a recessionary bear market. Explore her insights and gain a deeper understanding of the enduring value that stocks can bring to your investment portfolio. In part two of our interview with Subramanian, she sheds light on the significant market trends and explains why stocks should be considered for long-term ownership. Finance for three consecutive years, her expertise is highly regarded in the industry. Subramanian, recognized as a top-ranked analyst by Institutional Investor for the last ten years and featured on Barron's list of the 100 Most Influential Women in U.S. She challenges the prevailing negative perception of stocks and presents research-backed evidence of their value as long-term investments. Equity and Quantitative Strategy at BofA Global Research. We welcome back Savita Subramanian, an influential strategist serving as the Head of U.S. However, recent setbacks, including a challenging year for equities in 2022 and rising yields on fixed income investments, have led to a cooling of investor sentiment. American investors have had a love-hate relationship with stocks since their early days of trading under a buttonwood tree on Wall Street in 1792.
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