Simon Hamilton, Managing Director and Portfolio Manager, discusses some of the reasons for the current September swoon in both stocks and bonds. He talks about an incrementally more hawkish Fed, a strong dollar, government shutdown concerns and seasonality. He cautions against reacting too strongly to the uptick in volatility and suggests that maintaining proper portfolio balance is very much appropriate. If there is an inflection down in the economy and/or interest rates in the coming months, market leadership could shift dramatically. He also provides some of the recent news flow and investment cases for COST, STZ and KVUE.
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