CM Outlook Market

In our latest commentary we discuss:

  • We believe the cause of this week’s market sell-off (other than stretched valuations in many companies) is due to the concern over rising interest rates, which the Fed is raising in an effort to head off the potential of higher inflation.
  • From everything we can see today, we believe the U.S. economy is doing well. Even after the recent market volatility and pullback, we are encouraged by the fact that a majority of our indicators are showing no signs of a recession for the foreseeable future.
  • We do not believe that this is the beginning of a major bear market. Instead, we believe this is a correction within a major bull market.
  • We believe there is a rotation into value stocks from growth stocks and that our basket of stocks at Century Management continue to represent very good values.

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Disclosures: 

This material is for informational use only and is not financial advice or an offer to buy or sell any product. Forward-looking statements are not guaranteed.

Past performance is not indicative of future results. CM reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. The discussions, outlook and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives. Information was obtained from third party sources which we believe to be reliable but are not guaranteed as to their accuracy or completeness.

CM is an independent registered investment adviser. More information about the advisor including its investment strategies and objectives can be obtained by visiting www.centman.com. A copy of CM’s disclosure statement (Form ADV Part 2) is available without charge upon request. Our Form ADV contains information regarding our Firm’s business practices and the backgrounds of our key personnel. Please contact CM at 512-329-0050 if you would like to receive this information.