The weaker than expected CPI report released early in the month bolstered investor confidence for rate cuts in September. This favorable data combined with slowing economic growth and higher unemployment, led to a sharp drop in yields and a big rotation trade among stock market performers. In fact, small cap stocks experienced their largest single day of outperformance in over 40 years. With markets adjusting to recent data and recession fears increasing, markets are becoming more volatile.
Tune in to hear our CEO, Sammy Azzouz, and CIO, Bob Weisse, discuss recent market moves, what they mean for investors, and answer a listener question – Do you really need to update your allocation to be more conservative as you get older?
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About Wealthy Behavior: Heritage Financial Services
Wealthy Behavior digs into the topics, strategies, and behaviors that are key to building and protecting personal wealth and living a rich life. We’re Boston Massachusetts-based wealth managers who have been helping busy, successful people pursue their financial goals for more than 25 years. Hosted by Sammy Azzouz, President & CEO of Heritage Financial, Wealthy Behavior digs into the topics, strategies, and behaviors that are key to building and protecting personal wealth and living a rich life.
