In this edition of the Catalyst Funds and Rational Funds Quarterly Outlook, portfolio managers from across our network of sub-advisors provide their insights into the direction of the investment universe. In addition to a macroeconomic overview, we also include their thoughts on equities, bonds, commodities, and a special section on currencies.
In this edition of the Catalyst Funds and Rational Funds Quarterly Outlook, portfolio managers from across our network of sub-advisors provide their insights into the direction of the investment universe. In addition to a macroeconomic overview, we also include their thoughts on equities, bonds, commodities, and a special section on currencies.
The market bottomed last October despite ongoing concerns about inflation, higher rates, recessionary risks, and a banking crisis. While the media headlines and youtube podcasts are filled with “crisis” headlines, as noted in “Analysts Raise Estimates,” expectations for growth and earnings are rising.
The broad securities markets enjoyed a strong March, with equity and fixed income markets alike delivering healthy returns. The Core Large Cap Equity category delivered a 7.3% return for the month, powered by a rebound in beaten-down large-cap technology stocks. Meanwhile, the Core Fixed Income category generated a 2.6% return in March, benefitting from reduced inflation expectations and declining interest rates.
Historically, once the Fed opens dollar swap lines, further monetary accommodations follow from rate cuts to “quantitative easing” and other liquidity operations. Of course, such is always in response to a banking crisis, credit-related event, recession, or a combination.
Investors and advisors have a lot on their plates these days and keeping clients engaged while helping them protect themselves and sleep at night is as difficult as it’s ever been. I thought I would spend a little time this week highlighting some important ideas that can help streamline the process of keeping happier clients and helping them reach their goals in difficult markets.
Investors and advisors have a lot on their plates these days and keeping clients engaged while helping them protect themselves and sleep at night is as difficult as it’s ever been. I thought I would spend a little time this week highlighting some important ideas that can help streamline the process of keeping happier clients and helping them reach their goals in difficult markets.
In my 30-year career working in financial services, I have been a Financial Advisor, a professional trader, and a long-term investor of iconic brands (along with a host of other roles in the industry). As someone who has worked directly with advisors for most of my career, I have a lot of empathy for you and your team during these tumultuous times. Managing hundreds or thousands of client portfolios is hard enough, but managing their emotions through a cycle is a monumental task, particularly now.
For months, investors have been scaling what feels like an endless wall of worry. Each concern that gets resolved seems to spawn new uncertainties, yet the market has continued its relentless climb higher.
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