Asks if 'sit on your hands, don't do anything' message still applies regarding war effect on markets.
Tim Stenavak
Aaron Kennon
Difficult to take new cash and allocate for first time in this market. S&P only down about 1% since missiles started landing in Tehran. Average S&P stock peak-to-trough year-to-date closer to 13-14%.
Asks if hard to figure out investment floor given war uncertainty and policy changes.
Carol Masser
Aaron Kennon
Geopolitical events could be more prolonged than not with negative risks, but also significant positive outcomes possible. Valuation-wise, plenty of opportunities over 3-4 year medium term.
Notes oil up 40%+, gas prices up 20%+ across country, asks about inflationary effect on consumer spending.
Tim Stenavak
Aaron Kennon
Have keen eye on extent gasoline price move will weigh on consumer spending, confidence, inflationary patterns, and European manufacturing costs.