The stock market got off to a roaring start this year with the S&P 500 at one point clocking a year-to-date gain of more than 4%. Truist Wealth Co-Chief Investment Officer Keith Lerner, however, is skeptical of the New Year bounce. He says the possibility of a recession and dwindling liquidity make the rally unsustainable. 

Lerner joined the What Goes Up podcast to explain why he’s advising clients to take a defensive posture with investments, and what he believes is the best way to execute that strategy. “Being defensive from a stock, bonds and cash perspective is being overweight fixed income relative to equities. And then—in the fixed-income component—keeping it simple: keeping it with high-quality fixed income and not really taking a lot of credit risk at this point.”

The stock market got off to a roaring start this year with the S&amp;P 500 at one point clocking a year-to-date gain of more than 4%. Truist Wealth Co-Chief Investment Officer Keith Lerner, however, is skeptical of the New Year bounce. He says the possibility of a recession and dwindling liquidity make the rally unsustainable.  Lerner joined the What Goes Up podcast to explain why he’s advising clients to take a defensive posture with investments, and what he believes is the best way to execute that strategy. “Being defensive from a stock, bonds and cash perspective is being overweight fixed income relative to equities. And then—in the fixed-income component—keeping it simple: keeping it with high-quality fixed income and not really taking a lot of credit risk at this point.”

Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets. They explore everything from stocks to bonds to currencies and commodities, and how each asset class affects trading in the others. Whether you’re a financial professional or just a curious retirement saver, What Goes Up keeps you apprised of the latest buzz on Wall Street and what the wildest movements in markets will mean for your investments.

Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets.

What Goes Up

Fading the New Year's Bounce

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2beb6389-13aa-4682-b4a4-af8f001880e0/transcript

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