Meet Our Principals

Alton Cogert,
President & CEO

Mr. Cogert can help answer any questions related to these economic statistics, as well as your investment strategy.

Q3 Review & Q4 Outlook:
Key Financial Market Issues for Insurers & Risk Pools

Alton Cogert, CFA, CPA, CAIA, FDP, CGMA, President & CEO, Strategic Asset Alliance

Dan Smereck, Managing Director & Principal, Strategic Asset Alliance

Alton and Dan highlight SAA's review of the third quarter and what we might expect for the rest of 2022 and into 2023. Highlighted in this ~11 minute video include consumer finances, interest rates, and the current state of the bond market and fixed income yields.

Trouble viewing? Watch here

Key Takeaways

  • With approximately $1.0T or 50% of excess savings remaining from the COVID shock of 2020/2021, SAA expects these excess savings to remain as a “net” inflationary tailwind as consumers are still spending despite indications that consumption behavior is moderating.
  • Fluid inflation expectations and sharp market responses to economic releases makes it extremely difficult for investors and markets to price risk. SAA expects volatile markets to continue fort the remainder of 2022 and into 2023 until we have an inflationary inflection point that markets believe despite the potential for recession and how a recession will be defined…
  • It’s the magnitude of this negative, fixed income performance shock that is temporarily wreaking havoc with mark-to-market balance sheets.
  • Given near-term expected uncertainty due to any number and combination of economic and geo-political reasons, short- and intermediate-term high quality fixed income and short-term high yield fixed income are preferred markets to deploy excess funds.

About SAA's Leadership >>