) are in decline as recession fears trigger a widespread sell-off among investors. Fort Washington Investment Advisors co-chief investment officer Chris Shipley joins Wealth to share his perspective on downward market trends.. However, he observes there turned out to be"a little more economic weakness than the market was banking on," indicating the economy is entering"a more substantial slowdown.
I think when you look at the, the overall set up for the market, I do think that there was a certain vulnerability to the market at the levels that we were trading at.We were really pricing in an outcome that included both durable economic growth and lower inflation.What we're looking at now is a little bit more economic weakness than the market was baking.
When you look at the impact of inflation, it's been much less significant on homeowners as the shelter component of the inflation data that we see has been hovering around the fed's target of 2% for over a year. So with that in mind, I don't think that we need to worry about significantly repositioning for much harsher times.
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