Part I: If the economy had a relationship status, it would be labeled “it’s complicated”
June 3, 2022
The underlying fundamentals that are driving the US economy are relatively strong despite the slow pace of growth. And yet, it’s uncertain if this growth will continue or if we’ll tip into a recession. Watch part 1 of our 3-part Economic FAQs series featuring Aprio’s Chief Investment Officer, Simeon Wallis, and Senior Wealth Advisor, Davi Kutner, as they discuss the complicated factors from both sides, including:
- The positive uptick in the job market as the unemployment rate drops to 3.5%.
- A deliberate slow-down of the economy by the Federal Reserve to combat inflation by raising interest rates.
- Big retailers, Target and Walmart, notice a shift in purchases away from discretionary items to necessities as consumers worry over inflation.
- Investors take note of trends and shift priorities to commodities, energy and materials as these typically perform better during inflationary times.
- As market volatility continues, short and long term portfolio diversification is growing more appealing.
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About the Author
Chief Investment Officer At Aprio Wealth Management At Aprio Simeon is the Chief Investment Officer of Aprio Wealth Management and the Director of Aprio Family Office. Simeon brings two decades of professional investing experience in publicly traded and privately held companies, as well as senior-level operating and strategy consulting experiences.