We invited Chief Market Strategist, Stephen Colavito, to provide an economic analysis and discuss what the market needs to get back on track. In a live Q&A, Stephen answered questions relevant to COVID-19’s impact and current events.
Epidemiologists and public health experts around the globe are advocating measures to slow down COVID-19's spread, like limiting unnecessary travel, washing hands, and social distancing.
But limiting social interaction and temporarily shutting down cities comes at a cost. In the U.S., that cost would mean over one trillion dollars of economic activity lost each month. This loss creates a domino effect that will move the economy into a recession and possibly depression.
UHY Consulting hosted an economic update presented by Stephen Colavito, Chief Market Strategist for Lakeview Capital Partners, LLC. Stephen shared why flattening the curve is essential, the three most significant issues that are disrupting the economy, and the three things to give the economy and market the optimism it needs to get back on track. The presentation was followed by a live Q&A.
More on our Presenter:
Stephen has 25 years of experience in the financial services consulting industry. Prior to joining Lakeview, Stephen was a Managing Director and Portfolio Manager for Asset Preservation Advisors. His leadership role was to help the portfolio management team on various investment strategies as well as creating content for the firm on various investment issues.
Stephen holds his Bachelor of Science Degree from Florida International University in Finance and worked as one of the top institutional fixed income salesmen for Bear Stearns Co. Inc. After Bear Stearns, Stephen was Director of Corporate Cash for Deutsche Bank and Barclays. His team worked to guide Fortune 500 treasury teams on cash and balance sheet investments.
Stephen has been seen on business shows, including Arise XChange, Bloomberg News, and Fox Business. Stephen has been a guest speaker at Texas A&M’s Mays School of Business and is a member of the Association of Financial Professionals (AFP). Stephen is an active member of his church and the father of three daughters.