Managing Your Portfolio When ‘Animal Spirits are Loose’
Schwab Network · Schwab Network
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Show Notes
“The animal spirits are loose.” Russell Hackmann reacts to continued market records. He sees the Fed’s rate cut path as supportive for equities. He advises retired or near-retirement investors to take some chips off the table, though, noting that the SPX has more than doubled in the last five years. He’s “definitely concerned” about inflation continuing as the Fed begins to cut, along with high government spending.
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