Fiscal stimulus tricks, no treats for markets
MONTHLY MARKET COMMENTARY |
On again, off again fiscal stimulus talks, rising equity volatility and the risk of a contested U.S. election weighed on global financial assets in October. Although market participants may have to wait for clarity on the political front before households and business activity get another boost from fiscal stimulus, all eyes will be on the Federal Reserve in the interim. The possibility of heightened uncertainty in the political sphere increases the probably that the Fed will increase asset purchases or encourage greater utilization of its various lending facilities.
Investors will have a lot to digest in the days and weeks that follow. With an abundance of macroeconomic and political risks fraying investor resolve, we advocate for maintaining the established strategic asset allocation rooted in long-term fundamentals. We encourage investors to keep their investment horizon in focus and to not allow emotions to influence portfolio positioning amidst a likely rise in volatility around the U.S. presidential election.
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Information in this document was prepared by DiMeo Schneider & Associates, L.L.C. and although information in this document has been obtained from sources believed to be reliable, RSM US Wealth Management LLC, DiMeo Schneider & Associates, L.L.C. and their respective affiliates do not guarantee its accuracy, completeness or reliability and are not responsible or liable for any direct, indirect or consequential losses from its use. Any such information may be incomplete or condensed and is subject to change without notice. The Frontier EngineerTM is a registered trademark of DiMeo Schneider & Associates, L.L.C.