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Bloomberg Businessweek
Earnings Outlook, Government Shutdown Potential Impacts
Sep 27, 2023
Peter Atwater discusses earnings outlook and potential impact of a government shutdown. Steve Case talks about building the new American dream in surprising places. Paul Hsu explores mainstream adoption of web3. Stephanie Pierce discusses investment trends and the importance of cash.
44:28
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Quick takeaways
- Cash is a good place to be in the current higher rate environment, according to Stephanie Pierce, CEO of Drifus Mellon and exchange traded funds at BNY Mellon Investment Management.
- Investors are growing more comfortable with the possibility of a soft landing for the economy, leading to a re-assessment of risk and extension of portfolios, mentions Stephanie Pierce.
Deep dives
Cash is Attractive in a Higher Rate Environment
Stephanie Pierce, CEO of Drifus Mellon and exchange traded funds at BNY Mellon Investment Management, suggests that cash is a good place to be in the current higher rate environment. She advises clients to stay with a strategic allocation that includes cash, stating that timing the market is challenging. Pierce also introduces the new "Spark" share class, which allows clients to contribute a portion of the revenues to the charity of their choice.
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