The Compound and Friends Canary in the Coal Mine
Jul 22, 2022
Shannon Saccocia, Chief Investment Officer at SVB Private and CNBC contributor, shares her insights on the current state of the economy and financial markets. She discusses the recent Nasdaq bounce and the tensions between inflation and consumer spending. Shannon reveals her outlook for the second half of the year, touching on the challenges in the housing market and the semiconductor industry. The conversation also explores market dynamics, banking complexities, and the role of interest rates in shaping investment strategies.
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Shannon's Recognition
- Shannon Saccocia gets recognized in Boston due to her TV appearances.
- Her husband would be very protective if someone criticized her in public.
Feedback Differences
- Negative feedback is primarily online, not in-person.
- Saccocia is open to engaging with critics, unlike Michael Batnick.
Client Demographics Shift
- Saccocia's average client age decreased after the SVB-Boston Private merger.
- Many new clients lack prior experience working with financial advisors.