Amy Magnotta, CFA, Senior Investment Manager, Brinker Capital
On this podcast, Amy reviews July’s market activity and provides an outlook into what’s in store for August and the rest of 2016. Here are some quick hits before you have a listen:
- Investor confidence resumed and fears of global contagion dissipated when it became evident that the negative implications of the Brexit decision would likely be contained to the UK and areas of Europe.
- U.S. real GDP data was lackluster, but consumer spending remained strong and jobless claims low.
- Despite the shock of the Brexit decision during the end of the second quarter, international equities finished the month in strong positive territory, outpacing domestic equities.
- We expect a higher level of volatility as markets assess the impact of slower global growth, the actions of policymakers and the uncertainty surrounding the U.S. presidential election; but our view on risk assets still tilts positive over the near term.
Source: Brinker Capital. Views expressed are for informational purposes only. Holdings subject to change. Not all asset classes referenced in this material may be represented in your portfolio. Indices are unmanaged and an investor cannot invest directly in an index. All investments involve risk including loss of principal. Fixed income investments are subject to interest rate and credit risk. Foreign securities involve additional risks, including foreign currency changes, political risks, foreign taxes, and different methods of accounting and financial reporting. Brinker Capital Inc., a Registered Investment Advisor.