"While the economic outlook was seen as improving, members generally felt that the change in the outlook was not sufficient to warrant any adjustments to the asset-purchase program...," This statement is from the minutes of the most recent Federal Reserve monetary policy meeting and underpins our optimistic stance on the stock market. The asset-purchase program referenced is more commonly known as QE2, the Fed’s current quantitative easing initiative. We believe that a primary goal of this program is to move investors into riskier assets such as equities. This should in turn drive up stock prices and create a wealth effect intended to increase consumption, which would benefit the economy at large. While this in and of itself is clearly significant, when combined with an economy which is exhibiting marked improvement the result is an increasing likelihood of a sustainable market rally. We believe that our portfolios are opportunistically structured to benefit from this phenomenon. That being said, as always we are cognizant of downside risk and stand prepared to implement our risk management strategies should the need arise.
This information is intended solely to report on investment strategies and opportunities identified by Roosevelt. Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. This material is not intended as an offer or solicitation to buy, hold or sell any financial instrument. References to specific securities and their issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities. Please contact us at 646-452-6700 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions, or if you would like to request a copy of our Code of Ethics. Our current disclosure statement is set forth on our Form ADV Part II, available for your review upon request, and on our website, www.rooseveltinvestments.com.
Past performance is not a guarantee of future results. Indices are unmanaged and cannot accommodate direct investment. Themes assigned as per Roosevelt Investments’ evaluation. Risk tools may include cash or other securities that we believe possess a low or inverse correlation to the overall market.
INVESTMENT PRODUCTS: NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE