Financial Professionals


Kayne Anderson Rudnick Q3 Market Review


Doug Foreman, chief investment officer of Kayne Anderson Rudnick, believes that the stock market pullback of the third quarter will prove to be a painful correction similar to that which occurred in 2011 rather than the beginning of a global crisis like was experienced in 2007.

What was behind the pullback? Greece’s ongoing debt woes, falling energy prices, China’s currency devaluation, and U.S. interest rate uncertainty. What will it take to restore investor confidence over the next 12-to-18 months? China’s growth rates need to stabilize, energy prices have to stop dropping, the U.S. dollar needs to stop appreciating materially, and S&P 500 profits must continue to grow.

For more information, read the full Q3 commentary.

Past performance is not a guarantee of future results.

Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.