Why are investors shedding riskier assets?

 Chief Investment Officer David Hagee & Tara McConkey, CFA®, Director of Portfolio Management
February 7, 2023

In our latest Conversations with Commerce Trust podcast episode. David Hagee and Tara McConkey discuss the Federal Reserve’s 10-year run of easy money that led to the rise in popularity of certain highly speculative asset categories, including crypto, SPACs and NFTs, and how the Fed’s shift to a restrictive stance last year wreaked havoc on these riskier investments. 

Is there a future for cryptocurrency? 

As a companion piece to the podcast, we offer a commentary on the possible future of the hotly debated and polarizing world of cryptocurrency. 


(You can subscribe to the podcast at Apple Podcasts, Spotify, Google Play, Amazon Music or Stitcher, get the RSS feed, or listen via the media player above.)


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ABOUT THE AUTHOR

david hagee commerce trust
David Hagee Executive Vice President, Chief Investment Officer Commerce Trust 
David is the chief investment officer for Commerce Trust and of Commerce Investment Advisors, Inc., the SEC-registered advisor to the Commerce Funds mutual fund complex. Upon gaining a thorough understanding of a client’s needs and goals as well as assessing the client’s entire financial situation, he works with our investment research team to construct a portfolio to help clients achieve their long-term goals.

David has been with Commerce Bank for more than 25 years and Commerce Trust since 2000. During his tenure with Commerce Trust, he has held positions of increasing responsibility, serving as an investment portfolio manager for both private and institutional clients, the director of portfolio management for the eastern region, and now his current role as Chief Investment Officer. David also hosts Conversations with Commerce Trust, a monthly podcast about the markets, investment themes, and economic insights that matter to investors.

David earned his Bachelor of Arts from Washington University in St. Louis. He is a member of the CFA Institute and the St. Louis Society of Financial Analysts. 

He is a board member and treasurer of Aim High St. Louis, and a board member of the Opera Theatre of St. Louis and International Institute of St. Louis. Additionally, David serves as president of the investment committee of the Center of Creative Arts (COCA). He is also a member of the investment committee for the St. Louis Symphony Orchestra and Forest Park Forever.

ABOUT THE AUTHOR

Tara McConkey, CFA® Senior Vice President, Director of Portfolio Management Eastern Region Commerce Trust

Tara is Senior Vice President and Director of Portfolio Management for the East region of Commerce Trust. Upon gaining a thorough understanding of a client’s needs and goals as well as assessing the client’s entire financial situation, she works with our investment research team to construct a portfolio to help clients achieve their long-term goals.

Tara comprehensively represents our research- and goals-based investment process, starting with the initial assessment and creation of an investment objective to ongoing evaluation and adjustments based on changing market and life circumstances. With a deep knowledge of the market and experience in investment management, she serves clients with thought leadership, insight, and consulting services.

With more than 30 years of experience, Tara also serves on the Investment Policy Committee at Commerce Trust. She received both her master of business administration and bachelor of science in business administration degrees from Saint Louis University. Tara holds the Chartered Financial Analyst® designation and is a member of the CFA Institute and the CFA St. Louis Society, for which she previously served as director of the CFA St. Louis Society. 

The Chartered Financial Analyst® (CFA®) Charter is a designation granted by CFA Institute to individuals who have satisfied certain requirements, including completion of the CFA Program and required years of acceptable work experience. Registered marks are the property of CFA Institute.