The Market Strategy Radar Screen

Last week, we found ourselves in conversations coast to coast with clients, financial advisors and institutional salespeople discussing the recent volatility, declines and subsequent rallies in the US and in the international equity markets.

Our conversations extended after business hours and client events to friends as well as acquaintances with whom we don’t do business but with whom we sometimes are engaged in conversations about the economy and the markets.

What we discovered on an anecdotal basis is that those friends and acquaintances who didn’t have a relationship with a trusted professional advisor appeared adrift, confused and even angry about the recent volatility and declines in the markets, while those who had relationships with a trusted advisor mostly expressed some degree of concern (in particular about what was happening in China, how it related to the US and other countries as well as to the markets’ reaction) but also appeared genuinely interested in our opinion as to how we assess the current situation, how we see things developing from here and what opportunities we might see on the horizon that they might consider. Our take? Professional relationships with a trusted advisor can make a difference....

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