Last week, Exencial’s investment team held a webinar to update clients on the markets and answer questions about how recent economic events may affect their financial plans. To kick off the market recap, Chief Investment Officer Tim Courtney explained why volatility is likely to remain elevated throughout the remainder of the year. However, he emphasized that consumer sentiment has rebounded strongly from the coronavirus pandemic, and if consumer confidence remains healthy, we are likely to see a slow recovery propelled by deferred consumption.
Additionally, Senior Analyst/SELECT portfolio manager Rich Erwin discussed year-end financial planning considerations to keep in mind as the presidential election approaches. With a potential change in executive leadership around the corner, Exencial is working to capitalize on tax-saving strategies currently in place for clients.
Rich also outlined changes made to Exencial’s SELECT Strategy to eliminate sectors from the portfolio that have been negatively impacted by the coronavirus pandemic, such as travel, tourism and energy.
If you have any questions about the current market environment, don’t hesitate to contact your Exencial advisor. If you were unable to tune into the live webinar, please click here to access a recorded version.
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