Republican frontrunner Donald Trump says investors should be cautious in the current stock market, which he describes as “a little bit of a bubble.”
“Be very conservative,” he said at a Vermont campaign rally. “It could be very rough out there.”
Market analysts say he’s right – and that he’s also part of the problem. Wall Street generally favors establishment candidates. The resilience of Trump and Democratic outsider Bernie Sanders has caused more than nervous hand-wringing: Their rise in the polls has coincided with a drop in the S&P 500, which Barron’s analyzed in a recent cover story.
The Finance Speaker Series at Penn State Erie, The Behrend College, will explore this and other issues with “Hot Topics in Today’s Markets,” a March 23 presentation by Travis Upton, the chief investment officer at The Joseph Group. Upton, who has worked extensively with endowment and pension funds, will examine how the market might respond to the nomination of a nonestablishment presidential candidate. He also will discuss other pressures on today’s market, including oil-price fluctuations and negative interest rates.
His presentation, which begins at 7 p.m. in room 180 of the Jack Burke Research and Economic Development Center, 5101 Jordan Road, is free and open to the public. Free parking will be available in the deck behind Burke Center, off Technology Drive.
Before that session, another Joseph Group investor will discuss the investment process and how to maximize interviewing experiences, networking and LinkedIn during a meeting of Penn State Behrend’s chapter of the Financial Management Association. Aaron Filbeck, a 2015 graduate, is an investment analyst and trader; he will offer tips for students looking to transition to full-time employment. His talk will begin at 5:30 p.m. in room 236 of the Burke Center.
The Finance Speaker Series is an outreach effort of the Black School of Business at Penn State Behrend. For more information about the series, contact Greg Filbeck, the Samuel P. Black professor of finance and risk management, at [email protected].
Assistant director, news and information, Penn State Behrend