September 8, 2022 - Summer's End
What's happening now that the markets have come back from summer? In today's video Observations and Expectations, Virtus Senior Managing Director and Chief Market Strategist, Joe Terranova, addresses the question.
August 26, 2022 - Summer Markets
As the unofficial end of summer approaches, how should we measure the performance of risk assets since Memorial Day? In today’s video Observations and Expectations, Virtus Senior Managing Director and Chief Market Strategist, Joe Terranova addresses the question.
Observations and Expectations from Joe Terranova - July 5, 2022
“Risk assets broadly declined in the first half of 2022 as the Federal Reserve began to normalize monetary policy in response to inflationary pressures. Valuations contracted, removing the speculative excesses and extreme leverage present in the capital markets since late 2020. Persistently high volatility remains the dominant market condition.”
–Joe Terranova, Chief Market Strategist, Virtus Investment Partners
Observations and Expectations from Joe Terranova - June 13, 2022
“Market performance following mid-term elections has been positive in every period since 1939. Historical statistics might suggest long-term investors will find the current market correction to have been an opportunity.”
–Joe Terranova, Chief Market Strategist, Virtus Investment Partners
Observations and Expectations from Joe Terranova - June 1, 2022
“Persistent, elevated volatility continues to be the dominant characteristic for the 2022 price and time correction.”
–Joe Terranova, Chief Market Strategist, Virtus Investment Partners
Observations and Expectations from Joe Terranova - April 25, 2022
“Today’s investors should keep in mind the 1964 Rolling Stones classic, ‘Time Is on My Side,’ especially its opening lyric: ‘Time is on my side, yes it is!’”
–Joe Terranova, Chief Market Strategist, Virtus Investment Partners
Observations and Expectations from Joe Terranova - March 4, 2022
“Market performance following mid-term elections has been positive in every period since 1939. Historical statistics might suggest long-term investors will find the current market correction to have been an opportunity.”
–Joe Terranova, Chief Market Strategist, Virtus Investment Partners
Observations and Expectations from Joe Terranova - January 29, 2022
“The Federal Reserve today has not become hostile. Rather, they are more like a frustrated parent at the end of the day, not fully exhibiting their typical parental affection.”
–Joe Terranova, Chief Market Strategist, Virtus Investment Partners
Observations and Expectations from Joe Terranova - January 3, 2022
“In 2021, the S&P 500® Index recorded one of its highest risk-adjusted returns in several decades. While risk is always present in the capital markets, in 2022 it may reshape itself in defense of elevated volatility, monetary tightening, and inflationary pressures that challenge the resiliency of consumer spending and corporate profit margins.”
–Joe Terranova, Chief Market Strategist, Virtus Investment Partners
Observations and Expectations from Joe Terranova - October 19
“Exposure to the strong consumer and the strong corporate climate are critically important opportunities for today’s investors.”
–Joe Terranova, Chief Market Strategist, Virtus Investment Partners
Mid-Year Observations and Expectations from Joe Terranova
“Since the S&P 500 Index hit an intraday bottom of 2191.86 on March 23, 2020, dispersion has prevailed. While it may be tempting to concentrate in certain equity sectors, the only sector that I would overweight is diversification.”
–Joe Terranova, Chief Market Strategist, Virtus Investment Partners
Observations and Expectations from Joe Terranova - June 15
“In 2021, dispersion prevails in the equity market. The only sector that I would overweight is diversification. Investors should own all the sectors.”
–Joe Terranova, Chief Market Strategist, Virtus Investment Partners
Observations and Expectations from Joe Terranova - April 20
“The prudent approach in today’s climate is to pursue balance and avoid excessive leverage.”
–Joe Terranova, Chief Market Strategist, Virtus Investment Partners
Observations and Expectations from Joe Terranova - March 19
“Balance and reasonable portfolio expectations are prudent approaches to the end of the pandemic and the beginning of a bull market for society.”
–Joe Terranova, Chief Market Strategist, Virtus Investment Partners
Observations and Expectations from Joe Terranova - March 4
“At even strength, the game is still winnable, but it has gotten a little harder to score a goal.’”
–Joe Terranova, Chief Market Strategist, Virtus Investment Partners
Observations and Expectations from Joe Terranova - February 11, 2021
“Risk will be the most important word for investing in 2021. Consider ‘How much can I lose?’ before asking ‘How much can I gain?’”
–Joe Terranova, Chief Market Strategist, Virtus Investment Partners
Observations and Expectations from Joe Terranova - January 4
“The defining event for risk assets in 2020 was the introduction of a fiscal, monetary, and healthcare ‘mosaic of coordination’ in response to the COVID-19 ‘crisis of preservation.’”
–Joe Terranova, Chief Market Strategist, Virtus Investment Partners