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.

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