Fighting Fear and Uncertainty in Markets

<p>Kevin Gordon, senior investment strategist with the Schwab Center for Financial Research, joins host Mike Townsend to discuss how investors can navigate the uncertainties brought on by a flurry of developments in Washington that are impacting the markets, including the debt ceiling standoff, the Fed’s latest rate hike, and regulators scrambling to respond to another bank failure. Kevin provides some lessons investors can take from the 2011 debt ceiling drama and discusses the implications for the markets and the economy if the U.S. should default. He also offers his perspective on the latest Fed action, what the banking turmoil could mean for the broader markets, and the likelihood of a recession and explains why investors who wait for a recession to be announced could miss out on significant investing opportunities.</p><p>Mike provides updates on the House-passed debt ceiling bill and how Treasury Secretary Janet Yellen’s surprise announcement that the U.S. could default as soon as June 1 is changing the debate in Washington. And he offers three takeaways from a series of reports from the regulatory agencies about the recent bank failures.</p><p><i>WashingtonWise </i>is an original podcast for investors from <a href="https://www.schwab.com">Charles Schwab</a>. For more on the series, visit <a href="https://www.schwab.com/washingtonwise">Schwab.com/WashingtonWise</a>.</p><p>If you enjoy the show, please leave a ★★★★★ rating or review on <a href="http://getpodcast.reviews/id/1478013779">Apple Podcasts</a>. </p><p><strong>Important Disclosures</strong></p><p>All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Supporting documentation for any claims or statistical information is available upon request.</p><p>Examples provided are for illustrative purposes only and not intended to be re