Dan Kemp: 'It isn't the economy, stupid!'

Valuation-driven approach

clock • 4 min read

As recession looms Dan Kemp looks at how advisers can best help cautious clients and outlines three key lessons drawn from behavioural science...

Thirty years ago, Bill Clinton rode to victory in the US presidential election on the slogan ‘It's the economy, stupid', a phrase that was originally devised by Clinton's strategist, James Carville, to remind the campaign that voters become myopically focused on the near-term future of the economy when confronted by a recession. Faced with high inflation and a weakening economy, we are seeing echoes of Carville's slogan in the concerns of investors in 2022; concerns that have been exacerbated by the sharp declines in asset prices over the first half of the year. This fall in asset prices...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Darius McDermott: Defence in a fragmented world

Darius McDermott: Defence in a fragmented world

'It is clear that the world has changed and government spending is being redeployed'

Darius McDermott
clock 01 May 2026 • 4 min read
Canaccord Wealth launches crypto exposure offering to high-net-worth clients

Canaccord Wealth launches crypto exposure offering to high-net-worth clients

For risk profile 7+ portfolios

clock 29 April 2026 • 1 min read
RBC Brewin Dolphin adds to Voyager range with passive funds

RBC Brewin Dolphin adds to Voyager range with passive funds

With six risk options

Patrick Brusnahan
clock 27 April 2026 • 1 min read