GVA Market Insights – Charleston

On a special edition of Market Insights, Eric and Evan sat down at the Emeline Hotel in Charleston, South Carolina during Great Valley Advisor Group’s Annual Advisor Conference.  

• Government Shutdown Nears End: Senators reached a bipartisan deal to reopen the government after a 41-day shutdown, though the economic and social impacts, including lost output and delayed federal data, will linger. 

• Fed Decision Uncertainty: The upcoming December 10 Fed meeting still carries a high probability of another 25-bps rate cut, but missing economic data from the shutdown could complicate the decision-making process. 

• AI Trade Pullback: Major AI-related stocks slid in value last week amid profit-taking and concerns over rising, debt-financed capex, but subsequently rebounded this week on news of the U.S. government reopening. 

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Eric Parnell and Evan Coffey are solely investment advisor representatives of Great Valley Advisor Group, and not affiliated with LPL Financial. Any opinions or views expressed by them are their own and are not those of LPL Financial. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth may not develop as predicted.

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Eric Parnell, CFA Chief Market Strategist

Eric Parnell is the Chief Market Strategist for Great Valley Advisor Group. Eric applies his expertise in finance and economics to manage multi-asset portfolios, mitigate risk, deliver advice that promotes informed decision-making, and facilitate investors achieving their short-and long-term investment goals. He leads the GVA Asset Management platform overseeing the management of asset allocation models for GVA advisors and their end clients.

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