Tactical asset allocation outlook

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[ "Market Outlook" ]
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A snapshot of current views on equity, fixed-income and alternative asset classes — updated monthly to help you tactically adjust for opportunities and risks.

Key Takeaways
  • Continuing concerns over supply chain disruptions could result in higher volatility over the coming months, and we could see a decelerating pace of earnings improvements. However, while acknowledging that markets are at or near all-time highs, we believe tilts toward risky assets will continue to reward investors.

 

  • The fear of future hawkish interest rate policy and rising yields has us concerned about fixed-income allocations. Credit markets will most likely continue to attract attention as investors hunt for higher yields. But there are reduced opportunities for upside.

 

  • While we see opportunities for alpha in some areas of alternatives markets, traditional markets are a more attractive opportunity to spend a risk budget in the current environment.