Financial advisors’ confidence in the short-term positive direction of the stock market took a hard hit in September, falling 3.5 percent, while the overall outlook on the economy held steady.
REACTION FROM OUR PANELISTS
“I think the stock market will be going nowhere fast, with a lot of volatility. Mid-term elections, geopolitical concerns, ending of quantitative easing and the specter of rising interest rates will keep everyone guessing over the next twelve months.” -Roger Willroth, Marrs Wealth Management.
“We have had an unprecedented run of the central bank printing money. As a result, the correlation between the Fed's balance sheet growth and the growth of the S&P is of great concern, because what happens when the Fed's balance sheet starts to shrink from it's all time high level of over $4 trillion? That was a rhetorical question!” -Paul Bennett, United Capital Private Wealth Counseling.
“I think the markets will start to roll over ahead of a recession in second half of 2015.” -Mark Carlton, Trademark Financial Management.
"As the economy recovers, corporate CFOs with too much cash will rush to deploy this under-performing asset, helping the economic snowball grow and increase in power as it rolls downhill. Buy equities today." -Jonathan Foster, Angeles Wealth Management.