Wealthion - Be Financially Resilient
The Economy is Contracting, It’s Only Going to Get Worse | Rise UP!
May 2, 2025
In this insightful discussion, Andy Schwartz, a CFP and CEO at Bleakley Financial Group, and David Mandelbaum, a portfolio manager and healthcare expert, delve into the unsettling state of the economy and markets. They discuss negative GDP trends and shifting client behaviors, warning that we’re not at the market bottom yet. Key topics include the potential of healthcare investments, the impact of tariffs, and strategies for navigating volatility, as well as when to get back into the market and the essential role of diversification.
47:30
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Quick takeaways
- Despite recent recovery signals, a negative GDP growth indicates ongoing economic challenges, urging cautious investment strategies.
- Investors should focus on diversification and utilize dollar-cost averaging to manage market volatility and enhance long-term growth potential.
Deep dives
Market Recovery and Economic Indicators
The recent recovery in the stock market has been attributed to various economic indicators and market sentiments. Despite positive momentum, there are concerns about the sustainability of this recovery as negative GDP growth has been reported for the first time since 2022. The relationship between consumer behavior and government spending has created a challenging economic landscape, leading many businesses to cut back on expenses in anticipation of further turbulence. This cautious approach among consumers and companies reflects a broader uncertainty that could hinder future economic growth.
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