Investorideas.com

Get great ideas from our AI, cannabis, cleantech, crypto, esports and mining podcasts - be a guest or sponsor : 800 665 0411


Share on StockTwits

The Fed's tone drives investors to top-up portfolios

 

July 30, 2020 (Investorideas.com Newswire) Investors are now "topping up their portfolios" after the U.S. Federal Reserve confirmed it would leave interest rates near-zero and continue to support the U.S. economy, affirms the boss of one of the world's largest independent financial advisory organizations.

The comments from Nigel Green, chief executive and founder of deVere Group, follow the U.S. central bank's meeting on Wednesday, which prompted the benchmark index, the S&P500, to jump almost 1%.

Stocks in the Asia-Pacific mostly traded higher Thursday too. European markets are expected to do the same.

Mr Green notes: "It's been made clear by the Fed that the world's largest economy, which is showing signs it is beginning to falter in its recovery, will continue to be supported by its central bank.

"This will serve to further boost asset prices.

"As such, many investors are now topping up their portfolios ahead of future announcements - which are likely to be in the same direction of travel as this one."

He continues: "The Fed's considerable and ongoing support is acting as a backstop for stocks.

"The tone of the statement, and the Fed's fears over the economy, suggest that additional measures will be implemented. Therefore investors are bolstering their investment portfolios as entry points can be expected to continue to go higher as we move forward."

Mr Green's observations also come with a warning.

"The buoyant stock markets can seem out of step with the slew of alarming economic data.

"But what is happening, as a closer look at the markets reveals, is that, of course, not all stocks and sectors are rising equally. Indexes are being driven up across the board by the 'winners' of this new era including tech, biotech, home entertainment and established online retailers, amongst others.

"Therefore, investors should work alongside a good fund manager to seek out those stocks most likely to generate and build their wealth over the long-term."

The deVere CEO concludes: "The Fed's cautious and accommodative tone on Wednesday will give investors the confidence they need to further enhance their portfolios."

e: george@priorconsultancy.co.uk
t: +44 207 1220 925
Twitter: @PriorConsults

deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp


Follow Us on StockTwits