James St. Aubin, Chief Investment Officer at Ocean Park Asset Management, says that as long as the economy “keeps humming along” and meets high expectations for earnings growth and stable balance sheets, the current rally should keep rolling. When that trend breaks, however, the market and economy could turn quickly; St. Aubin sees “some cracks starting to form” with consumers and with some of the economic data, and while a soft landing is possible, any problems are likely to get more painful. Also on the show, Jason Chepenik of OneDigital Retirement + Wealth discusses the firm’s 2024 Employee Value Perception Study, which looks at the disconnect between what employers think workers want beyond compensation, and what workers actually are looking for from their employers. Plus, Andrew Graham, founder and portfolio manager at Jackson Square Capital, gives his take on the current market in the Market Call.
The thoughts and opinions expressed in the article are solely those of the person speaking as of 7/17/2024, and not necessarily those of Sierra and are provided for informational purposes only. Any opinion or estimate contained in this article is made on a general basis and is not to be relied upon by the reader as advice. The reader must make his/her own assessment of the relevance, accuracy, and adequacy of the information contained in this article, and make such independent investigations as he/she may consider necessary or appropriate for the purpose of such assessment.
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