The Current State of Inflation, Bond Markets, and Growth Stocks with Glenn Dorsey

Recent months have been nothing short of a rollercoaster ride for the markets. We have seen a lot of ups and downs, and it doesn't seem like the volatility will subside anytime soon. As an advisor, it's important to have a game plan for when the market is going through a rough patch. 
In this episode, Rusty and Robyn talk with Glenn Dorsey, Senior Vice President and Head of Client Portfolio Management at Clark Capital Management Group. In this role, Glenn directs Clark Capital's Client Portfolio Team and leads the firm's efforts to deliver a highly personalized, collaborative portfolio construction process to advisors. He is responsible for portfolio construction and the clear communication of investment strategy to advisors and their clients. 
Back by popular demand, Glenn talks with Rusty and Robyn about what's happening with the bond market, growth stocks, and inflation. Glenn shares Clark Capital's tactical strategies for navigating a seasonally sloppy market, the impact of a strong dollar on international stocks, and how the firm manages portfolios based on market activity.

Key Takeaways

[03:38] - Glenn's career history and role at Clark Capital Management Group.

[05:21] - Are bonds still worth owning despite the downturn in the bond market?

[07:30] - How to protect ourselves from inflation.

[09:05] - Will there be a recession?

[11:42] - Clark Capital's strategies for navigating a seasonally sloppy market.

[14:32] - Glenn's outlook for growth stocks.

[16:08] - The impact of a strong dollar on international stocks.

[18:46] - How Clark Capital manages portfolios based on market activity.

[21:03] - Glenn's personal investment strategy.

[23:30] - How Glenn stays in top physical and mental shape to perform well.

Quotes
[08:15] - "We always say the best cure for high prices is high prices because that leads to two things. You're going to have an increase in supply, the manufacturers of those goods that sell things higher are going to find a way to produce more, and you're going to have demand destruction. People start to use less of those things. And the result of that is prices come down." ~ Glenn Dorsey
[17:53] - "We're in a transition where different parts of the world react differently to this inflationary spiral. Keep in mind that a strong dollar is inflationary for most other countries. If the dollar is getting more expensive, that's creating inflation elsewhere." ~ Glenn Dorsey
[21:50] - "If you don't need distributions from your account, don't take them right now. This is a good time to put it in the market if you have extra money." ~ Glenn Dorsey

Links 

Glenn Dorsey on LinkedIn

Clark Capital Management Group

You've Got a Friend by James Taylor

Connect with our hosts

Rusty Vanneman

Robyn Murray

Subscribe and stay in touch

Apple Podcasts

Spotify

Google Podcasts

Disclosure
The views expressed are those of the speaker and do not necessarily reflect the views of Clark Capital. Investors must make their own decisions based on their specific investment objectives and financial circumstances. Economic and market forecasts presented herein reflect a series of assumptions and judgments as of the date of this presentation and are subject to change without notice. Before investing, an investor should consider their investment goals and risk comfort levels and consult with their investment advisor and tax professional.
 
1918-OPS-10/12/2022

Recent months have been nothing short of a rollercoaster ride for the markets. We have seen a lot of ups and downs, and it doesn't seem like the volatility will subside anytime soon. As an advisor, it's important to have a game plan for when the market is going through a rough patch. 

In this episode, Rusty and Robyn talk with Glenn Dorsey, Senior Vice President and Head of Client Portfolio Management at Clark Capital Management Group. In this role, Glenn directs Clark Capital's Client Portfolio Team and leads the firm's efforts to deliver a highly personalized, collaborative portfolio construction process to advisors. He is responsible for portfolio construction and the clear communication of investment strategy to advisors and their clients. 

Back by popular demand, Glenn talks with Rusty and Robyn about what's happening with the bond market, growth stocks, and inflation. Glenn shares Clark Capital's tactical strategies for navigating a seasonally sloppy market, the impact of a strong dollar on international stocks, and how the firm manages portfolios based on market activity.

Key Takeaways

[03:38] - Glenn's career history and role at Clark Capital Management Group.
[05:21] - Are bonds still worth owning despite the downturn in the bond market?
[07:30] - How to protect ourselves from inflation.
[09:05] - Will there be a recession?
[11:42] - Clark Capital's strategies for navigating a seasonally sloppy market.
[14:32] - Glenn's outlook for growth stocks.
[16:08] - The impact of a strong dollar on international stocks.
[18:46] - How Clark Capital manages portfolios based on market activity.
[21:03] - Glenn's personal investment strategy.
[23:30] - How Glenn stays in top physical and mental shape to perform well.

Quotes

[08:15] - "We always say the best cure for high prices is high prices because that leads to two things. You're going to have an increase in supply, the manufacturers of those goods that sell things higher are going to find a way to produce more, and you're going to have demand destruction. People start to use less of those things. And the result of that is prices come down." ~ Glenn Dorsey

[17:53] - "We're in a transition where different parts of the world react differently to this inflationary spiral. Keep in mind that a strong dollar is inflationary for most other countries. If the dollar is getting more expensive, that's creating inflation elsewhere." ~ Glenn Dorsey

[21:50] - "If you don't need distributions from your account, don't take them right now. This is a good time to put it in the market if you have extra money." ~ Glenn Dorsey

Links 

Glenn Dorsey on LinkedIn
Clark Capital Management Group
You've Got a Friend by James Taylor

Connect with our hosts

Rusty Vanneman
Robyn Murray

Subscribe and stay in touch

Apple Podcasts
Spotify
Google Podcasts

Disclosure

The views expressed are those of the speaker and do not necessarily reflect the views of Clark Capital. Investors must make their own decisions based on their specific investment objectives and financial circumstances. Economic and market forecasts presented herein reflect a series of assumptions and judgments as of the date of this presentation and are subject to change without notice. Before investing, an investor should consider their investment goals and risk comfort levels and consult with their investment advisor and tax professional.

 

1918-OPS-10/12/2022