7.30.2023 I Market and Strategy Update

30/07/2023 42 min Episodio 1
7.30.2023 I Market and Strategy Update

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Episode Synopsis

Introducing Gary QuinzelGary is the Director of Portfolio ConsultingHas been in the wealth management business since 2003, specializing in the areas of macroeconomic research, portfolio management, and investment analysisHe writes the monthly investment commentary for Wealth Enhancement Group’s clients, which you can find on our website, wealthenhancement.com CFP® and CFA® professional designationsIn his free time, Gary loves to run and play sports Our view of the worldInvestors may have grown tired of hearing economists forecast a US recessionDespite moderating levels of inflation, there remains some concern that we could be in for a mild recession or even a “soft landing” — something our Roundtable of financial experts has been predicting for the past 18 monthsOn today’s Market Update, we’re focusing on four main areas:The strong recovery in the equities, especially Meg-Cap Growth stocksProbability of recession and subsiding market volatility since the beginning of 2023The strong labor market, despite signs of economic slowdownInflation, which has declined but remains higher than policymakers like to seeOutlook and opportunities for the second half of the year and beyond1. Strong recovery in equities2. Probability of recession and subsiding market volatility 3. Core inflation has declined but remains higher than policymakers like to see4. Outlook and opportunities for the second half of the year (and beyond)