Sun Valley Property News
June 2020 Issue, Page 132-133
Chief Investment Officer, Stuart Katz, sat down with SVPN to discuss the current market situation and what opportunities Robertson Stephens is exploring with clients amidst the new landscape. Stuart shares his insights on a post-pandemic world, his current market outlook and potential structural benefits to the alternative markets.
Society is asking more frequent and intense questions about populism, nationalism, deglobalization, and regulation. This health crisis has acted as an accelerant for technological disruption and innovation. It reminds me of readings from the economist Joseph Schumpeter (1883-1950) who discussed the “gale of creative destruction” that revolutionizes economic structure.
The current pandemic is a catalyst impacting globally consumers, companies, and governments. We anticipate consumer demand will come back slowly in the absence of a vaccine and profit margins for many corporations will be compressed moving back towards long-term averages. We see several major areas of changing behavior that will create corporate winners and losers. They include (i) remote work, (ii) cybersecurity, (iii) cloud computing, (iv) e-commerce, (v) healthcare diagnostics and delivery, and (vi) ESG.
These trends will lead to the creative disruption of traditional industries and occupations leading to stronger businesses. These developments will provide opportunities for clients with a durable investment portfolio structured to preserve and grow wealth through a detailed financial plan.
Read the full article here.
Investment advisory services offered through Robertson Stephens Wealth Management, LLC (“Robertson Stephens”), an SEC-registered investment advisor. This material is for general informational purposes only, does not constitute investment advice and should not provide the basis for any investment decision. Information, views and opinions are those of the author and not necessarily Robertson Stephens, are current as of the date of this presentation and are subject to change. Alternative investments present significant risks such as illiquidity, long time horizons, reduced transparency, and loss of principal and are not suitable for all investors. Asset allocation and diversification strategies do not ensure profit or eliminate the risk of loss in declining markets. © 2020 Robertson Stephens Wealth Management, LLC. All rights reserved. Robertson Stephens is a registered trademark of Robertson Stephens Wealth Management, LLC in the United States and elsewhere.