The Government Shutdown Is No Real Threat To Markets - Peattie And Sizemore

By Covestor

How should investors respond to the U.S. government shutdown? Covestor portfolio managers Bill Peattie and Charles Sizemore weighed to TheStreet.com’s Ellen Chang:

The current government shutdown should not be viewed as a threat to the financial markets, said Bill Peattie, founder of Peattie Capital Management and a portfolio manager on Covestor, a registered investment advisory.

The market will perform well over the long term as the economy rebounds, he said.a”Longer term, even with the onset of tapering sometime in the next three to 12 months, there is still enormous liquidity in the system and reasonable valuations in a number of parts of the market,” he said. “On balance, global economies are improving, albeit slowly and sporadically.”

Sizemore concurs with Peattie:

Even if the market tanks over the short term, equities will likely rebound like they did in the 1990s, said Charles Sizemore, a portfolio manager on Covestor, who advised investors to avoid panicking.a“My point is simply that the debt ceiling crisis doesn’t matter,” he said.

More on the impact of the fiscal crisis on markets:a Will the government shutdown put U.S. stocks on furlough?

Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.

Bill Peattie

Bill Peattie

I am Bill Peattie, Founder and Managing Member at Peattie Capital Management, LLC, a registered investment adviser in Stamford, CT.
Charles Sizemore

Charles Sizemore

Sizemore Capital Management LLC is a registered investment advisory firm located in Dallas, Texas. Charles Lewis Sizemore, CFA is the

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