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2 Sep 2022

Sovereign CEO, Gary Korolev, CFA Briefly Discusses Status of the Market Post Fed’s Meeting at Jackson Hole

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As you know, Federal Reserve Chairman Jay Powell’s speech at the Jackson Hole symposium was closely watched by markets for any clues on the FED’s future actions. And, indeed, Powell didn’t disappoint, saying that the FED is prepared to act “as appropriate” even if it means a sustained period of below-trend growth and softness in the labor market. This has increased concerns about the US economy plunging into recession. In the following video, I review several major indicators to provide you with insights into our current views on the markets.

About Post Author

Gary Korolev has used his 15 years of experience as a Wealth Manager with firms such as Morgan Stanley, Merrill Lynch and Charles Schwab to build a comprehensive Wealth Advisory practice centered around meeting clients’ Investment Management, Risk Management, Estate Planning and Retirement Planning needs. His practice focuses on High Net Worth individuals, families and business owners with financial needs far beyond investment management. Gary’s clients are provided with a truly comprehensive Wealth Strategy that benefits from combining his extensive expertise in portfolio management, financial planning and insurance with that of CPAs and Estate Planning Attorneys. “We take such a comprehensive and involved approach in serving our clients’ wealth growth, preservation and transfer needs effectively and tax efficiently that they come to see us as their primary source of financial expertise. We work closely with our clients’ attorneys and accountants to address their financial, tax, estate and philanthropic needs.” Gary has a Bachelor’s Degree in Finance from the University of Florida, is a Chartered Financial Analyst and holds the General Securities (Series 7), Securities Licensing (Series 66), as well the Life, Health and Variable Annuity licenses. He resides in Northern Virginia with his wife, son and daughter. When not working, Gary enjoys spending time with his family and friends as well as reading and travel.

Contact Information

Sovereign Wealth Management

8229 Boone Blvd. Suite 760

Vienna, VA 22182

(703) 713-2954

[email protected]