A Market Update for Q3 from the Investment Committee team at Tompkins Financial Advisors.
After years of stimulatory monetary policies and the attendant growth in asset values and spending practices, global economies are slowing. Higher interest rates and persistent inflation have presented significant headwinds to future expansion. While consumers reprioritize their purchases and corporate profits weaken, we enter a different, but not historically “new”, business cycle. Investor resilience and high quality security selection will be key to enduring the anticipated periods of continued market volatility.