A snapshot of our current views on equity, fixed-income and alternative asset classes — updated monthly to help you tactically adjust for opportunities and risks.
Key Takeaways
-
U.S. equities continue to be a preferred asset class as we believe strong momentum in prices and earnings, as well as low volatility, outweighs the negative of lofty valuations.
-
While we are positive on fixed-income assets longer term, we are reducing our tactical exposure this month to a moderate underweight.
-
With higher inflation persisting, we’re eliminating underweights to commodities and favor policy-level allocations to alternatives overall.
