QUOTED — In a Reuters article about stocks and market sentiment
June 1, 2022
I was quoted by Reuters, so in a break from my usual CIO (Check-It-Out) Reports, I’d like to mention that business article and positive PR.
Running Point and I were quoted on June 1, 2022 in a Reuters article regarding stocks and market sentiment that was also picked up by US News & World Report, NASDAQ, Infobae (in Latin America), Kumparan (in Indonesia), ZoneBourse (in France), Svet Kapitala (in Slovenia), and La Nacion (in Argentina) to name a few.
Full article link: https://www.reuters.com/markets/europe/global-markets-wrapup-1-2022-06-01/
Global equities fall despite positive U.S. economic data, dollar rises, by Chibuike Oguh, 06/01/22
My quoted excerpts are below:
“There’s a lot of uncertainty. The market climbs a wall of worry and there’s a lot to worry about,” said Michael Ashley Schulman, chief investment officer at Running Point Capital in Los Angeles.
“If we have a recession it would be strange and unusual with nearly full employment, companies still hiring and huge demand for things,” Schulman added.
“The rising interest rates and inflation are just compressing valuations. You may like a company and it may be good and can continue to make profits but the valuation must still come down because your base interest rate is rising,” Schulman added.
And in Spanish:
“Hay mucha incertidumbre. El mercado está trepando un muro de preocupación y hay mucho por lo que preocuparse”, dijo Michael Ashley Schulman, de Running Point Capital en Los Ángeles. “Si tuviéramos una recesión sería extraño e inusual con un empleo casi pleno, empresas que siguen contratando y una enorme demanda de cosas”.
Best wishes for the week ahead😊
Michael
~~~
Michael Ashley Schulman, CFA
Partner & Chief Investment Officer
“We deliver custom investment solutions, innovations, and unique perspectives to you and your family.”
#familyoffice #multifamilyoffice #cio #moneymanagement #wealthmanagement #investment #business #charm #change #inflection #strategy #familyoffice #moneymanagement #wealthmanagement #trading #investment #business #future #financialplanning #wealthmanagement #stocks #stockmarket #Business #assetmanagement #assetallocation #investmentmanagement #capitalmarkets #wealthmanagement #riskmanagement #portfoliomanagement #estate #familyoffices #highnetworth #trading #management #interestrates #analytics #research #consultants #interestrates #covid19 #supplychain #UHNWI #yourfamilyofficehere #estateplanning #humor #markets #investments #investment #investing #fixedincome #bonds #metaverse #stocks #equities #privateequity #venturecapital #PE #VC #RE #AI #illiquid #commodities #hedgefunds #privatecredit #privatedebt #volatility #impactinvesting #ESGinvesting #impact #impactinvestments #creatoreconomy #nicherealestate #macro #macroeconomics #economics #economy #finance #inflation #money #stablecoin #technology #sustainability #events #news #weekinreview #globalmacro #globaltrade
Disclosure: The opinions expressed are those of Running Point Capital Advisors, LLC (Running Point) and are subject to change without notice. The opinions referenced are as of the date of publication, may be modified due to changes in the market or economic conditions, and may not necessarily come to pass. Forward-looking statements cannot be guaranteed. Running Point is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Running Point’s investment advisory services and fees can be found in its Form ADV Part 2, which is available upon request. RP-22–29
Also posted on LinkedIn.
