He believes that anticipating the actions of the Federal Reserve System's Federal Open Market Committee (FOMC) is critical to successful investing.ĭespite the historically aggressive pace of interest rate hikes over the past year, Yardeni thinks the Fed is done hiking interest rates for now. Yardeni is the author of “Fed Watching for Fun and Profit: A Primer for Investors” and head of his own global investment strategy firm, Yardeni Research. We continue our interview with Ed Yardeni, an experienced economist, strategist, and Fed watcher who has been closely following the Fed throughout his 40-year investment career. WEALTHTRACK episode 1946, broadcast on May 12, 2023 Subramanian has been named a top-ranked analyst by Institutional Investor for the last 10 years and to Barron’s list of the 100 Most Influential Women in U.S. Equity and Quantitative Strategy at BofA Global Research, also shares this opinion and recommends stocks over bonds and cyclical sectors over defensive ones, contrary to most institutional investors surveyed by BofA. However, Federal Reserve Chair Jerome Powell believes that the economic toll of such aggressive tightening could be different this time. The recent aggressive interest rate hikes by the Federal Reserve caused a crisis in some super-regional banks, but the damage has been contained and has not affected the entire banking industry. WEALTHTRACK 1947 broadcast on May 19, 2023 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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