Paul Harris' Top Picks: March 16, 2022
BNN Bloomberg
Top picks from Paul Harris, partner and portfolio manager, Harris Douglas Asset Management
Paul Harris, partner and portfolio manager, Harris Douglas Asset Management
FOCUS: North American and global stocks
MARKET OUTLOOK:
We are in a period of extended volatility with the Ukraine-Russian crisis, particularly with the Federal Reserve guidance after the rate increase announcement.
The Ukraine crisis will certainly continue to cause a fair amount of volatility as the situation remains fluid, suggesting a need for energy security in Europe and a move to green energy. The shift in gas and oil dependency has also solidified a closer relationship between Europe and the U.S., something that had deteriorated during the Trump years.
As the Federal Reserve increases rates and reduces their balance sheet, we should continue to see volatility in stocks and bonds until we have the first-rate increase and the market gets an understanding of the path forward.
