As the financial world continues to speculate on when the next interest rate increase will occur, there continues to be a game played by Federal Reserve officials to signal their intentions by changing the words they use in policy statements.
As the price of oil continues to hover at near $45 per barrel, many are asking what has caused the precipitous drop in prices. While certainly demand is an issue due to a slower global economy, there are other factors at work.
Long Term Care: Maryjeanne Sandusky, CFP®, Vice President, Destination Wealth Management Services
Each quarter I will be conducting an interview with a member of the Research and Trading teams to give you a general sense of the background of the professionals we have working on your behalf. The first interview of this series is with Craig Gentry, MBA, Chief Investment Strategist of DWM.
Hi Craig. Tell me what you do at DWM.
Every quarter, I like to answer a few questions that I receive via email and personal appearances. Perhaps a few of these questions you may have wondered about as well and I hope my responses provide additional clarity on how we think about investing.
Question 1: Is there going to be a correction this year?
I was on CNBC this week debating the merits of a particular stock with an investment strategist and there was one specific line that he mentioned during our conversation that I thought was telling. As usual, I was arguing for less reactive long-term perspective on the stock we were discussing, American Express.
Over the last several newsletters, I’ve been detailed and somewhat exhaustive in terms of describing our investment strategy. I think you probably would agree that these long newsletters, while informative, were a bit much in terms of the sheer volume of information.