Recession update

Well, if you were following me on Twitter yesterday, you knew that I was sitting in on a speech by David Joy, the chief market strategist and chairman of the Riversource Investments Capital Markets Committee. He shared his thoughts on where they see the economic recovery in the US. He said that they feel that economic recovery could begin in the second half of this year, but that the next economic expansion period will be much shorter than the past, perhaps in the 3 to 4 year range. The best areas to be in going forward are the infrastructure plays, primarily industrials, materials, energy and technology. Problem areas ahead of us are inflation, health care, and debt. He said that investors should structure their portfolios to participate in the recovery, but they should be prepared to be more tactical, adjusting portfolios more frequently than in the past. Good stuff!