As a Partner and the Chief Investment Strategist for a Private Banking business, Scott Clemons is one of the firm’s primary writers and speakers on topics related to the economy, financial markets and investing. He began his career at BBH in 1990 in international equities, where he was an analyst and portfolio manager of European and Asian equities, working out of the firm’s New York and London offices throughout the 1990s. In 2001, Scott broadened his responsibilities into domestic equity management and research as well, and then from 2005 through 2010 managed the New York office of the firm’s Private Wealth Management business.
U.S. stocks rose Friday as traders weighed disappointing earnings and bond-market gyrations amid concerns over inflation and monetary tightening.
The frantic sprint on Capitol Hill to prevent a government shutdown, avoid a debt default and pass trillions of dollars in infrastructure spending could make for a tumultuous week on Wall Street.
Almost any data series you look at, be it the bond market, be it inflation, GDP, the labor market, anything is still showing these signs of fibrillation and that’s going to take some time to sort out.
The climate in Washington is such that you cannot rule out the possibility of a standoff that ends with something really, really bad, and the market is not anticipating that.