Brianne Gardner's Top Picks: September 30, 2022
BNN Bloomberg
Top picks from Brianne Gardner, wealth manager and investment advisor, Velocity Investment Partners, Raymond James
FOCUS: North American large-cap stocks
MARKET OUTLOOK:
We have some historically unique challenges right now, but we’re also heading into a seasonally great period. For the first time since tracking began, both stocks and bonds are down double digits at the same time. What makes now difficult is that we are not yet in a recession and the economy is still growing, but equity markets are trying to price in the potential size of the next recession while interest rates are still climbing and the bond market is trying to price in how much higher they will go. This has resulted in the typical defensive investment areas like bonds, utilities and telecoms not holding up as well as they typically would in these conditions.
