Gene Goldman is responsible for the strategic direction and continued growth of the firm’s research offerings. His role includes setting the vision for superior capabilities and enabling the delivery of objective investment advice. He provides day-to-day oversight of Cetera Investment Management, with a focus on providing unbiased research about the economy and financial markets, asset allocation strategies, mutual funds and other investment related topics. He also leads the investment committee and their commitment to delivering superior investment oversight.
Our concern is that the Fed keeps sticking to its view that this is a transitory phase, but we aren't seeing evidence that this is transitory.
Inflation expectations are finally catching up to inflation and the drama in Washington. If inflation was as transitory as the Fed suggests, year-over-year inflation should not be this high.
While the economy may be in the deep end, we think it should stay afloat and do not see a recession this year.