Tactical asset allocation outlook
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.
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While our broader equity scorecard improved, the recent uptick in market volatility and elevated valuations drove the decision to maintain our neutral equity positioning.
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We maintain a neutral position in fixed income amid increased uncertainty about the path forward for the Fed. Correlations between stocks and bonds remain low, which support diversification.
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We continue to have a neutral position in alternatives, as we believe the potential diversification benefits offset the potential challenges of lower inflation to assets like commodities and REITs.
