Tactical asset allocation outlook

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[ "Market Outlook" ]
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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
  • Our continued overweight to U.S. equities is supported by trends in momentum, volatility and a constructive macroeconomic environment, which offset concerns about stretched valuations.


  • We are maintaining our tactical underweight to fixed income this month in light of ongoing uncertainty about future rate cuts.


  • With persistent higher inflation that could benefit commodities, we’re moving our position to a moderate overweight in the asset class.