Commercial Insight

Market tug of war keeps volatility in focus

Market tug of war keeps volatility in focus

We are likely to remain in a volatile market as we continue to see the ripple effects of the policy responses to the pandemic. It is precarious to drift too far away from home when you really can’t see a clear view on the horizon. At the moment, it seems prudent to reduce highly speculative risks and tactically move towards higher quality themes.

We believe that every month of data and every move by policy makers shifts us closer to normalization of economic conditions. As we start to see the waters calming and the ripple effects dissipating, we will again look to favor return over safety. 

The more defensive positioning to shorter duration, higher quality, and non-traditional exposures is the prudent way to navigate through today’s uncertainty. Our Investment Committee breaks it all down in our September edition of the Valley Private Bank Market Update.

Read the full Private Bank Market Update— September 2022

 

Michael Zaremsky is the Head of U.S. Private Banking at Valley Bank. You can reach him at 212-407-4372 or by email at mzaremsky@valley.com

_

Valley Financial Management, Inc. (“VFM”) is a wholly-owned subsidiary of Valley National Bank (“Valley Bank”), chartered as a national banking association. Valley Bank, in turn, is a wholly-owned subsidiary of Valley National Bancorp, a publicly traded company. Banking products and services are provided through Valley Bank. Brokerage products and services are provided by VFM. Pershing LLC is the clearing br oker for VFM. VFM is a member of FINRA (www.finra.org) and SIPC (www.sipc.org).

This letter is not intended to be a recommendation or investment advice and is not an offer to buy or sell securities. The information provided does not take into account the specific objectives or circumstances of any client investor, or suggest any specific course of action. You should make investment decisions based on your objectives and circumstances and in consultation with your advisors.

Non-deposit investment products offered through Valley Bank and VFM are:

 * Not insured by the FDIC or any other federal or government entity

 * Not guaranteed by Valley Bank or any other bank

 * Subject to investment risks, including possible loss of the principal amount invested

The information contained in this material has not been filed with, reviewed by, or approved by any regulatory or self-regulatory authority and recipients are advised to consult with their own independent advisors, including tax advisors, regarding a potential investment. This is not a product of the Research Department of Valley Bank or any Valley National Bancorp unit. Opinions expressed may differ from those of other Valley divisions. VFM has developed policies designed to manage conflicts of interests.

This Newsletter includes information that has been obtained from third party sources believed to be reliable but is not guaranteed. We make no representation on the accuracy of the information

This Newsletter is provided to clients of Valley Bank and VFM only for your personal, noncommercial use. Except as expressly authorized by us, you may not copy, reproduce, transmit, sell, display, distribute, publish, broadcast, circulate, modify, disseminate or commercially exploit the information contained in this report, in printed, electronic or any other form, in any manner, without our prior express written consent.