Joe Vitry

speaker
38 appearances 1 recordings 1 series first heard Feb 2019 last heard Feb 2019

Joe Vitry’s voice in public audio — every appearance, attributed to the second.

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We really saw this show up in our survey that we conducted over the period of December 3rd through the 17th.
Overall, we are seeing that retail clients, if you will, are feeling much more bearish than they were about a year ago.
That number is 41% now, or 52% are feeling bearish now versus 41% this time last year.
But they do still remain pretty confident in being able to reach their financial goals.
That's sort of the overarching theme that we saw in the survey.
So many of the clients indicated that the leading concern in the market is around the U.S.
political landscape.
And, you know, clients are really divided on is the new makeup of Congress actually going to impact their investment strategy?
And seeing overall concerns about the market may be overdue for a significant correction and, you know, maybe even be headed into an extended downturn.
the majority of the clients actually believe that the next economic downturn, so when we think about the economy, is actually going to occur over the next couple of years.
About 30% felt in the next year or so, and another 35 or so percent said in the next two to three years, we should see an economic downturn.
Yeah, that's right.
We actually saw this show up in the survey pretty clearly as well.
Both the U.S.
political landscape as well as the
the geopolitical environment overall.
And, you know, there's certainly the aspect of the new makeup of Congress.
And people are worried about, you know, what kind of impact is that going to have on my investing, my outlook, my strategy going forward.
And then when we think about, you know, political issues, such as, you know, the China trade talks with the US is certainly front and center for a lot of investors in terms of, you know, which way things may go and how that ultimately might affect the overall economy.
Yeah, we're seeing a slight uptick in the number of clients who have said that they're moving more of their investing into cash or fixed income.
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