Our views on Volatile Stock Markets, Headline Fears, Investor Actions and Reactions, and What’s Next
Enjoyed a relaxed eleven minute live TV interview during Monday morning’s volatile stock and bond market with esteemed Minneapolis based, Emmy Award-winning, FOX 9 | KMSP-TV (Minneapolis-St. Paul)—Fox News TV—anchor Amy Hockert regarding what investors—young and old—should do and consider regarding their investment portfolios in light of recent market gyrations and whether new investors just building up their savings should take advantage of lower stock markets.
Special thanks to producer Amber Meyer.
THE INTERVIEW
🔥Here is some of what we discussed regarding those directly and indirectly affected:
◾People In or Near Retirement (Boomers / Silent Generation)🧓
◾New or Casual Investors (Younger Millennials / Gen Z / Gen Alpha)🎯
📊As of 2024, approximately 58% of U.S. households owned stocks, either directly or indirectly through mutual funds, ETFs, or retirement accounts. This marks an increase from 53% in 2019, representing the highest recorded level of household stock ownership.
💸Although ownership is less amongst Gen Z and Gen Alpha, this group has indirect exposure because many of them will inherit wealth and stocks from their Silent Generation grandparents and Baby Boomer parents.
📰 HEADLINE FEARS OF A RED MONDAY
◾This year may be analagous to the downturn we witnessed in 2022, but faster
◾The catalyst for both downturns was the government—In 2022, because the Federal Reserve raised interest rates; in 2025 because the Administration raised tariffs
📉 Recession Watch: Still Possible, But Not Inevitable
🔍 WHAT BEARS ARE WATCHING
◾Yield Curve: Still inverted (3-month T-Bills/10-year Treasuries) = classic recession signal
◾Consumer Cracks: Rising delinquencies, tighter credit conditions, falling savings rate
◾Corporate Profitability: Margins may shrink in reaction to tariffs if companies don’t want to pass-on the full effect to end consumers
💡WHAT’S KEEPING IT AFLOAT
◾Strong labor market (still low unemployment)
◾Solid nominal GDP thanks to resilient consumption + services sector
◾Disinflation—even if bumpy—partialy helped by lower oil prices (which are a cost input into almost everything)
◾AI and capex tailwinds boosting investor sentiment and tech multiples
◾Global softness, but no collapse (Europe and China muddling through, not imploding)
Gallery of Photos
The most sophisticated investors I know view losses as tuition paid for market education.
Michael Ashley Schulman
Disclosure: The opinions expressed are those of Running Point Capital Advisors, LLC (Running Point) and are subject to change without notice. The opinions referenced are as of the date of publication, may be modified due to changes in the market or economic conditions, and may not necessarily come to pass. Forward-looking statements cannot be guaranteed. Running Point is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Running Point’s investment advisory services and fees can be found in its Form ADV Part 2, which is available upon request. RP-25-74
