Broker Check

Cetera Investment Management Predictions for the Rest of 2020

May 13, 2020

Recessions are a normal part of the business cycle. After periods of sustained maximum growth it's not uncommon to see economic growth pull back before the next expansion. However, the COVID-19-induced recession is more of a managed recession -- a recession created by government policy to control the spread of the coronavirus pandemic.  Subsequently, this recession is an outlier as it simultaneously impacted both the supply and demand parts of the economy. Social distancing has worked to reduce both the number of cases and deaths caused by this virus, but unfortunately these same efforts have led to mounting economic costs.

Cetera Investment Management’s latest commentary discusses three predictions for the rest of 2020:

1. A U-shaped economic recovery
2. Elevated market volatility (but a retest of new 2020 lows is unlikely)
3. A potential rotation of companies and sectors that lead markets forward.

Click HERE to read the full commentary.

We'd also like to thank all of you who have forwarded our my emails to your friends, family, and colleagues. Several of them have reached out to chat and are on their way towards becoming new clients of Manhattan Ridge Advisors. We appreciate your continued confidence…and please keep sharing!

As always, if you’d like to set aside some time to chat, please simply use our Schedule Link and choose a time that works best for you to talk with Tony or Chris.

Stay safe,
The Manhattan Rider Advisors Team