To Peter Oppenheimer, Goldman’s chief global equity strategist, this downdraft is a merely a correction, the product of a slowdown in the recovery.
Gundlach’s views reflect his skepticism of the Fed’s emergency actions as buoying asset prices and spurring unsustainable corporate borrowing binges.
Financial advisers who want to capture a share of the pending wealth transfer need to adapt their service models.
A Coral Gables-based RIA and its owner have had their assets frozen after the SEC accused them of raising almost $1.9m for a fraudulent scheme.