Chris Blumas' Top Picks: October 12, 2022

Top picks from Chris Blumas, portfolio manager, Raymond James Investment Counsel

FOCUS: North American large caps

MARKET OUTLOOK:

It’s been a roller coaster ride for investors so far this year. Equity markets sold off to start the year then rebounded somewhat and have sold off again. Last month, the U.S. Federal Reserve shocked financial markets with its plans to increase interest rates more significantly than prior indications. Higher interest rates and the threat of lower liquidity have pressured equity markets and other risky assets including home prices.