May's Live Market Update with CIO, Scott Mitchell
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Listen in to hear the only podcast this week to mention Warren Buffett, Mike Tyson, and roller coasters….
"Portfolios have been difficult to manage this year since we haven’t been able to hide from the stock market correction in bonds, so account values may be down. We could get a bit of a break, though, as investor sentiment is very poor…this is often a contrary indicator for stock prices, meaning that we could get a short-term boost in stock prices. My recession indicators are not flashing yet, so I don’t think there is an imminent recession. And I think we could get some relief on the inflation front, as I expect the really high inflation readings to abate. Corporate earnings reports have generally been good, so I think that the fundamental backdrop for stocks and the economy is still favorable."
Signature Wealth Group's Chief Investment Officer, Scott Mitchell, brings us the May 2022 Market Update.
United States
