- Addressing the recent tumble in markets, Eitelman noted that the week of May 16 was particularly rough for U.S. equities, with the S&P 500 Index declining by roughly 4%, as of market close on May 19.
- The competing signals within the CVS investing framework have led Eitelman and the team of Russell Investments strategists to maintain a balanced investment approach at the moment.
- Rising concerns that tighter Fed policy could tip the economy into a recession are also beginning to impact corporate confidence, Eitelman said.
For further details see:
Key Factors Behind The Selloff In Markets