A Recession Is Somewhat Unavoidable, Says Liz Ann Sonders
b'Liz Ann Sonders, chief investment strategist at Charles Schwab, joins Jack Farley to share her data-driven investment outlook at a challenging time for global markets. Sonders argues that before the turmoil in the regional banking sector, the U.S. was already in a \\u201crolling recession\\u201d where weakness rolled throughout different parts of the economy. Now, after the fall of Silicon Valley Bank (\\u201cSVB\\u201d) in early March, Sonders thinks an official recession (i.e. one declared as such by the National Bureau of Economic Research, or NBER), is more likely, and she says that she thinks a recession is \\u201csomewhat unavoidable.\\u201d\\xa0\\nGiven these headwinds, Sonders\\u2019 investment outlook is that it could be a \\u201cbumpy ride\\u201d in the short-term. However, Sonders and Farley discuss the importance of a long-term outlook and how market timing very frequently underperforms buy-and-hold strategies. Filmed on April 4th, 2023.\\n__\\nToday\\u2019s show is brought to you by VanEck. Go to https://vaneck.com/ForwardGuidance\\nto access VanEck\'s Income Investing Yield Monitor.\\n__\\nFollow @vaneck_us on Twitter, this episode\'s sponsor https://twitter.com/vaneck_us\\nFollow Liz Ann Sonders on Twitter https://twitter.com/LizAnnSonders\\nFollow Charles Schwab on Twitter https://twitter.com/CharlesSchwab\\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\\n__\\nSome of Liz Ann Sonders\\u2019 recent research at Charles Schwab:\\n\\u201cUnder Pressure: Fed Hikes in Face of Bank Turmoil\\u201d: https://www.schwab.com/learn/story/fomc-meeting\\n\\u201c2023 Quarterly Market Outlook: Fed on the Brink?\\u201d https://www.schwab.com/learn/story/quarterly-market-outlook\\n\\u201cAnother One Bites the Dust: Banking Saga Continues\\u201d: https://www.schwab.com/learn/story/another-one-bites-dust-banking-saga-continues\\n\\u201cCaveat Emptor: Important Market Shifts Underway\\u201d: https://www.schwab.com/learn/story/caveat-emptor-important-market-shifts-underway\\n\\u201cThe Price You Pay: A Look at Equity Valuations\\u201d: https://www.schwab.com/learn/story/price-you-pay-look-equity-valuations\\n__\\nTimestamps:\\n(00:35) The Fed Has Broken Something\\n(03:09) Rate Cuts Might Be Further Away Than The Market Thinks\\n(05:58) Already In A "Rolling Recession"\\n(17:37) Have The Odds Of A Severe Recession (Rather Than Mild) Increased After The Collapse Of Silicon Valley Bank (SVB)?\\n(19:59) Investment Outlook For Stocks\\n(23:11) VanEck Ad\\n(23:59) Equity Valuations: Are Stocks Cheap or Expensive?\\n(33:37) Short-Term Outlook: "Some More Bumps In The Road"\\n(36:12) Time In The Market vs Timing The Market\\n(39:27) Liquidity and Gold\\n(41:28) Sectors And Factors Leading The Stock Market\\n(44:14) "Growth vs. Value" Is A False Choice\\n(49:59) International Developed Markets and Emerging Markets\\n__\\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.'