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	Podcast:		What Goes Up
	Episode:		Fading the New Year's Bounce
	Category:		Business
	Duration:		00:42:09
	Publish Date:		2023-01-20 09:00:00
	Description:		The stock market got off to a roaring start this year with the S&P 500 at one point clocking a year-to-date gain of more than 4%. Truist Wealth Co-Chief Investment Officer Keith Lerner, however, is skeptical of the New Year bounce. He says the possibility of a recession and dwindling liquidity make the rally unsustainable. Lerner joined the What Goes Up podcast to explain why he’s advising clients to take a defensive posture with investments, and what he believes is the best way to execute that strategy. “Being defensive from a stock, bonds and cash perspective is being overweight fixed income relative to equities. And then—in the fixed-income component—keeping it simple: keeping it with high-quality fixed income and not really taking a lot of credit risk at this point.” See omnystudio.com/listener for privacy information.
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