Analyzing portfolio risks with Putnam Portfolio Navigator
April 26, 2017
1:15pm ET

Seamus Young, CFA, Investment Director

Q2 2017|Capital Markets Outlook

Recalculating the if and when of stimulus

Stocks have risen on expectations since the November election, but the rally may pause until real changes are implemented.

Read why we're cautious

Headlines you need to know this week   —   April 25, 2017

SIFMA says more time needed for DOL rule review

The Securities Industry and Financial Markets Association last week requested an additional delay of the Department of Labor’s fiduciary rule. Implementation was already pushed back from April 10 to June 9. SIFMA noted more time is needed for a comprehensive review.

What’s driving investor anxiety?

Stock investors are nervous, according to the Credit Suisse Fear Barometer and the CBOE Volatility Index. The Fear Barometer rose 46% in the first two weeks of April, while the VIX climbed nearly 30%, Barrons reported. Geopolitical tensions, including North Korea and the upcoming French election, are among factors that feed uncertainty.

Human advisors not easily replaced

Investors who choose robo advice also want to meet with human advisors, according to a survey by Accenture. Investors of all ages expressed interest in hybrid wealth management programs that offer robo as well as human advice.

Market optimism loses ground

Individual investors are more pessimistic about where stocks are headed in the next six months. The recent AAII Sentiment Survey found bullish sentiment at a new post-election low, falling 3.3 percentage points to 25.7%. Low levels of optimism have been considered a contrarian signal. Bearish sentiment remains above its historical average.

See what you missed last week

23 hours ago Putnam Investments

Advisors: Ask clients directly, “Tell me about your family.” This and other outreach strategies in our video: https://t.co/7dSeg3llQd

1 day ago Putnam Investments

Google results account for 81% of desktop & 96% of mobile traffic. Advisor tech tip to ensure you’re easily found:… https://t.co/JUKx9V8uoo

2 days ago Robert L. Reynolds

How advisor practices will change as $30T wealth transfers over next 30 yrs. Best advice: Know the WHOLE family. https://t.co/c8f3gczGxD

2 days ago Putnam Investments

About $30T in assets is projected to transfer from boomers to next generation over the next 30 years. Video: https://t.co/ZoXpsUgJgi

3 days ago Putnam Investments

With earnings recession over, stocks may prevail over fixed income. https://t.co/11sEkbhTtk https://t.co/aMknyDayls

3 days ago Putnam Investments

Muni bond yields vary by state. Research the landscape to find bonds that offer a higher yield than Treasuries.… https://t.co/tGWX5IJy6v

4 days ago Putnam Investments

Ideas for Advisors to shift their business with huge wealth transfer on the horizon. https://t.co/mhQmGX9T4J https://t.co/TwpeJnS8Wd

5 days ago Robert L. Reynolds

Putnam’s Matt Beaudry @MBeaudryPutnam: “Invest in the market you see, not the one you want to see.”… https://t.co/iABGEzrV4V

5 days ago Putnam Investments

Video: Is the market underestimating Fed rate hikes this year? https://t.co/KMEQeHM9F0

8 days ago Putnam Investments

Long-term tax planning strategies may be key as the escalating U.S. debt weighs on investors.… https://t.co/vvW9MEZLeM


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