{"id":174171,"date":"2020-07-30T08:00:27","date_gmt":"2020-07-30T12:00:27","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=174171"},"modified":"2020-07-30T07:24:28","modified_gmt":"2020-07-30T11:24:28","slug":"the-feds-tone-drives-investors-to-top-up-portfolios","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/07\/the-feds-tone-drives-investors-to-top-up-portfolios\/","title":{"rendered":"The Fed\u2019s tone drives investors to top-up portfolios"},"content":{"rendered":"
July 30, 2020<\/div>
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By George Prior<\/strong><\/p>\n

Investors are now \u201ctopping up their portfolios\u201d after the U.S. Federal Reserve confirmed it would leave interest rates near-zero and continue to support the U.S. economy, affirms the boss of one of the world\u2019s largest independent financial advisory organizations.<\/p>\n

The comments from Nigel Green, chief executive and founder of deVere Group, follow the U.S. central bank\u2019s meeting on Wednesday, which prompted the\u00a0benchmark index, the S&P500, to jump almost 1%.<\/p>\n

Stocks in the Asia-Pacific mostly traded higher\u00a0Thursday too. European markets are expected to do the same.<\/p>\n

Mr Green notes: \u201cIt\u2019s been made clear by the Fed that the world\u2019s largest economy, which is showing signs it is beginning to falter in its recovery, will continue to be supported by its central bank.<\/p>\n

\u201cThis will serve to further boost asset prices.<\/p>

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\u201cAs such, many investors are now topping up their portfolios ahead of future announcements – which are likely to be in the same direction of travel as this one.\u201d<\/p>\n

He continues: \u201cThe Fed\u2019s considerable and ongoing support is acting as a backstop for stocks.<\/p>\n

\u201cThe tone of the statement, and the Fed\u2019s fears over the economy, suggest that additional measures\u00a0 will be implemented. Therefore investors are bolstering their investment portfolios as entry points can be expected to continue to go higher as we move forward.\u201d<\/p>\n

Mr Green\u2019s observations also come with a warning.<\/p>\n

\u201cThe buoyant stock markets can seem out of step with the slew of alarming economic data.<\/p>\n

\u201cBut what is happening, as a closer look at the markets reveals, is that, of course, not all stocks and sectors are rising equally. Indexes are being driven up across the board by the \u2018winners\u2019 of this new era including tech, biotech, home entertainment and established online retailers, amongst others.<\/p>\n

\u201cTherefore, investors should work alongside a good fund manager to seek out those stocks most likely to generate and build their wealth over the long-term.\u201d<\/p>\n

The deVere CEO concludes: \u201cThe Fed\u2019s cautious and accommodative tone on Wednesday will give investors the confidence they need to further enhance their portfolios.\u201d<\/p>\n

About:<\/strong><\/p>\n

deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

By George Prior Investors are now \u201ctopping up their portfolios\u201d after the U.S. Federal Reserve confirmed it would leave interest rates near-zero and continue to support the U.S. economy, affirms the boss of one of the world\u2019s largest independent financial advisory organizations. The comments from Nigel Green, chief executive and founder of deVere Group, follow […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-174171","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/174171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=174171"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/174171\/revisions"}],"predecessor-version":[{"id":174172,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/174171\/revisions\/174172"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=174171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=174171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=174171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}