Raymond James Investment Management
October 31, 2022
Raymond James Investment Management is a global asset-management company that combines the insight and agility of individual investment teams with the strength and stability of a full-service firm

Inflation is still in the driver’s seat

No matter how good or bad third-quarter earnings are, pervasive macroeconomic volatility is going to remain firmly in control, says Matt Orton, CFA, Chief Market Strategist at Raymond James Investment Management.

Yet Orton says this remains an attractive environment for long-term investors. Flexibility is key, he says, and there are a growing number of opportunities for stock pickers. Floors are starting to form within “the market of stocks,” he says, but they’re unlikely to have enough demand to achieve escape velocity until credit conditions peak. As a result, ranges will form and investors will have the chance to pick their levels.

But don’t chase the market higher, Orton says.

•••

For more market perspective

Read other recent posts to our Weekly Insights blog and listen to the Markets in Focus podcast for outlooks and analysis from Raymond James Investment Management and its independent boutique affiliate partners:

Chartwell Investment Partners

ClariVest Asset Management

Cougar Global Investments

Eagle Asset Management

Reams Asset Management

Scout Investments

More from Raymond James Investment Management