Northwestern Mutual's Brent Schutte breaks down the market drivers he's looking at most closely, and where he's putting his money.Brent Schutte believes that there's likely little that will stop the continued economic recovery — and the broadening bull market that will follow.
From a 9-12-month outlook, he isn't too worried about a second wave of coronavirus: "Look, I think even if there's a spike, we have to remember that we are going to be getting information in the next few weeks on possibly the efficacy, safety of multiple vaccines, and I think that quite frankly will outweigh any near-term spike in COVID," he told Business Insider by phone on Wednesday.
He says that while it's a risk that Congress may fail to pass another round of fiscal stimulus, the recovery is moving quickly enough and savings rates are high enough to support the economy through a rough patch. Still, Schutte says he's keeping his finger on all of these pulses and more as he manages his clients' money. Northwestern Mutual has $290.3 billion in total assets.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the last workshop making traditional Portuguese cowbells by hand - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Look inside a 130-year-old church in Vermont transformed into a modern, 5-bedroom home - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Webinar with Business Insider's politics team on presidential election - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Of course the debates are superfluous. They give people the wrong reasons to vote for a candidate, i.e., who is the most handsome, most witty, most funny, give the best one liners, reads the best speech, etc.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trucking giant Schneider hikes driver pay amid hiring battle - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How much money to save before you start investing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Very good read.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Bind enters employer market with new approach to health insurance - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »