Check out the latest quarterly Market Review and Discussion with HoyleCohen’s Chief Investment Officer, Vanessa Wieliczko and her guest, Global Market Strategist, Jordan Jackson of J.P. Morgan. The two reflected on the past year and the market outlook for the remainder of 2021 and beyond. Summary posted below the video.
To download the full slide deck please click here.
A Synopsis of Our Recent Webinar:
Q2 2021 Reflections & Market Outlook
July 13, 2021
Vanessa Wieliczko, CFA, CAIA, CFP®
Chief Investment Officer, HoyleCohen
In a recent webinar, I had the pleasure of sitting down with Jordan Jackson, Global Market Strategist at JP Morgan Asset Management, as we took a moment to reflect on the first half of 2021 and to discuss possibilities for the future. In summary “Economic growth and equity markets have performed well over the first half of the year. Growth is expected to run above trend, while stocks should be supported by earnings. Increased deficit spending means both individual and corporate taxes could be higher in the years ahead. Historically, markets have been able to digest tax increases in stride. Continued easy monetary policy, rising wages and rental prices could create “stickier” inflation, although the risks seem overblown. Yields should move higher and the curve should steepen as growth and inflation run above trend. This poses a risk for fixed income investors, especially given already tight credit spreads. In equity markets, we see opportunities in cyclical value and small caps. On balance, investors should remain diversified.” For additional insight, please watch the full webinar recording posted above.
Given our outlook for the future, how should you invest? The response is simple and unchanged. The best recommendation we can provide is to set a long-term strategic allocation with the support of a trusted Advisor, and to stick with it unless or until your individual circumstances change. The financial markets are impacted by a multitude of related, but complexly intertwined factors which make short-term predictions often wildly inaccurate. 2020 provided countless examples in support of the old adage “don’t try to time the market”. We believe broad diversification is the right strategy – across asset classes, public and private, across regions and countries. Our Investment Committee spends a good deal of time discussing long-term capital market assumptions to inform our asset allocation for the future. As our expectations evolve, we may make small changes to the underlying investments of your portfolio. As always, we appreciate your confidence and support as we seek to build portfolios for the long run.
If you or someone you know would benefit from speaking with a HoyleCohen Advisor, we encourage you to reach out.
Your Hosts:
Jordan Jackson: V.P., Global Market Strategist
J. P. Morgan
Jordan Jackson, is a Global Market Strategist on the J.P. Morgan Asset Management Global Market Insights Strategy Team. Jordan is responsible for delivering timely market and economic commentary to clients across the country and has appeared on Bloomberg, CNBC and MarketWatch. He has authored several papers on the economy and markets, with a focus on public fixed income and monetary policy, and is often quoted in the financial press. In addition, Jordan is responsible for conducting research on the global economy and capital markets as well as publications such as the Guide to the Markets and Weekly Market Recap.
A J.P Morgan employee since 2015, prior to his role on Global Market Insights, he worked on the Global Consultant Strategy Group based in New York where he was responsible for serving the investment needs of institutional asset management consultants in North America and Canada. He earned a B.A. in African-American Studies from the University of Virginia and holds Series 7 and 63 licenses. He is a CFA Level II candidate.
Vanessa Wieliczko, CFA, CAIA, CFP®: Chief Investment Officer
HoyleCohen, LLC
Vanessa Wieliczko oversees the firm’s investment department and leads the Investment Committee. She joined HoyleCohen in 2008 and helped develop the firm’s CorePlus approach, a unique blend of traditional and alternative assets. Vanessa holds a Bachelor’s degree in business administration and management with a concentration in international finance from Boston University.
Driven in pursuit of excellence, Vanessa obtained her Chartered Financial Analyst, Chartered Alternative Investment Analyst, and Certified Financial Planner designations all before turning 30. Active in the community, Vanessa serves on the board as President of the CFA Society San Diego, a group of more than 500 investment professionals.
Compliance Disclosure
HoyleCohen is a fiduciary acting on behalf of our clients. We are a fee-based investment advisor and do not receive commissions for any investment strategies of products that may be discussed. This discussion was intended for informational purposes only. No decisions regarding investment strategies should be made based solely on this presentation and nothing shared should be interpreted as investment advice. Any investment decisions should be discussed with your Advisor. Finally, all investments carry the risk of loss, including the permanent loss of principal and past performance is not a guarantee of future results.
