Iowa money manager predicts ‘a lot of volatility’ until Election Day
August 7th, 2024 by Ric Hanson
(Radio Iowa) – Iowa investors are watching carefully as the global stock markets begin to rebound, following Monday’s sweeping selloff. Financial planner Jim Tausz of Clarion says things are beginning to move more positively for Iowans who follow the stock market, though there are still some looming clouds.
“I think we’re going to have a lot of volatility between now and maybe a month or two at the most,” Tausz says, “before we end up having Election Day.” While there are concerns, Tausz says the market’s shifting can also be seen as an opportunity, though he notes the tech sector has been dramatically impacted.
“What you’re seeing is the reaction that we’re getting to inflation and interest rates right now, and also the comments that are being made by each side, I’m talking about Democrats and Republicans right now, which are very contradictive of each other,” Tausz says, “and so I think people are getting just a little bit frustrated.”
Tausz says investors need to monitor their portfolios, though he says the Dow Jones was in positive territory at midday (Wednesday).