The Way Forward Webcasts with Leon Goren

'The Dislocation between the Market and the Economy' with Morgan Stanley's Thane Stenner

July 19, 2020 Leon Goren, PEO Leadership Season 1 Episode 16
The Way Forward Webcasts with Leon Goren
'The Dislocation between the Market and the Economy' with Morgan Stanley's Thane Stenner
Show Notes

On February 16, 2020, I wrote an article titled: Pull Your Head out of the Sand - Something's Gotta Give. The first paragraph opened as follows: "It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, ..." so goes the famous opening line by Charles Dickens in March 1869. That line from A Tale of Two Cities perfectly captures where we find ourselves today. Its time to start thinking about reducing your risk exposure in both your business and investments and prepare to take advantage of various opportunities as they arise. A month later the S&P 500 collapsed just over 33%. No one can call the timing of any collapse but in this case the writing was on the wall.

Today we are in the midst of a V shaped recovery, with the market as of June 18th, recovering just over 30%. Yet there exists almost as much uncertainty in what the future holds as we noted back in February. Should we be jumping on the exuberant momentum or derisking our portfolios and heeding Warren Buffet's wisdom "We simply attempt to be fearful when others are greedy and to be greedy only when other are fearful".

 Thane Stenner, Managing Director of the StennerZhony Group, part of Morgan Stanley's Wealth Division and Chairman Emeritus of TIGER21 joins us in our The Way Forward Webcast Series for a fireside chat on July 17th. The StennerZohny Group has been recognized in Barron's 2020 Top 50 Institutional Investment Consultants ranking #8 in all of North America and #1 in California.

Our interactive conversation will focus on providing you with some market insights and confidence on how you should be managing both your wealth creation and preservation during these uncertain times. "To buy when others are despondently selling and sell when others are greedily buying requires the greatest fortitude and pays the greatest reward" as John Templeton is famously quoted.

 It's a session you won't want to miss as we explore the following:

  • What's happening in the markets and why the dislocation between the real economy?
  • Are we in a "V" shaped recovery or is this really a lazy W with a slow recovery?
  • The importance of having a well diversified asset allocation to ensure you don't lose those hard earned dollars.
  • Why are there so many well-known value investors sitting on the sidelines?
  • Are we in for another market reckoning?