Merryn Talks Money
How Investors Should Approach The US Election with Liz Ann Sonders
Oct 18, 2024
Liz Ann Sonders, managing director and chief investment strategist at Charles Schwab, shares her insights on navigating today's turbulent markets. She discusses the complex impacts of the upcoming US elections and recent economic shifts, including inflation and labor dynamics. Sonders emphasizes the importance of disciplined investment strategies like diversification. She also voices skepticism about cryptocurrencies, comparing them to gold, and highlights the unique challenges of small-cap investments in the current climate.
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Quick takeaways
- Current economic cycles reveal significant disparities driven by the pandemic, impacting both inflation dynamics and market behaviors across various sectors.
- Historical performance analysis suggests that investor sentiment should focus on broader economic indicators rather than solely on political outcomes during election cycles.
Deep dives
Navigating Unique Economic Cycles
Current economic cycles are notably influenced by factors stemming from the COVID-19 pandemic, leading to disparities within the economy. The early pandemic stimulus primarily benefitted certain sectors, resulting in a surge in economic activity, particularly in goods, while other sectors like services faced shutdowns. As services reopened, a shift in inflation dynamics occurred, showcasing more persistent inflation derived from services, contrasting with deflation in goods. This illustrates a unique economic landscape, creating bifurcations that affect market behaviors and investor strategies.
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