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
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Recession indicators are starting to move lower and have dipped below 50%, but valuation of equity markets still looks very rich. We continue to favor neutral positioning in equity.
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Securitized assets have looked relatively attractive for some time, and we continue to keep allocations here at a maximum overweight.
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We continue to believe in the diversification benefits of including alternatives in a portfolio, but maintain our underweights to inflation-sensitive areas such as REITs. Commodities return to an underweight.
