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.
We are maintaining our neutral exposure to equity. If market pessimism were not incredibly high — typically a contrarian indicator — we’d advocate for an underweight to equities.
We maintain our overweight view on fixed income, but continue to advocate for underweights to lower quality fixed-income sectors, such as high yield and emerging markets.
We are neutral on alternatives, but cautious on REITs, a market dominated by commercial real estate securities.