What is happening in the global investment markets? Running Point and its chief investment officer, Michael Ashley Schulman, CFA, were quoted by Reuters in a European Markets article—by Chibuike Oguh, “Global equities fall despite positive U.S. economic data, dollar rises”—regarding stocks and market sentiment that was also picked up by US News & World Report, NASDAQ, Infobae (in Latin America), Kumparan (in Indonesia), ZoneBourse (in France), Svet Kapitala (in Slovenia), and La Nacion (in Argentina) to name a few.
Below are the excerpted quotes:
“There’s a lot of uncertainty. The market climbs a wall of worry and there’s a lot to worry about,” said Michael Ashley Schulman, chief investment officer at Running Point Capital in Los Angeles.
“If we have a recession it would be strange and unusual with nearly full employment, companies still hiring and huge demand for things,” Schulman added.
“The rising interest rates and inflation are just compressing valuations. You may like a company and it may be good and can continue to make profits but the valuation must still come down because your base interest rate is rising,” Schulman added.
Disclosure: The opinions expressed are those of Running Point Capital Advisors, LLC (Running Point) and are subject to change without notice. This is not an offer to buy or sell or a security or a recommendation to buy or sell a security. 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-22-29