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
-
We maintained our overweight to U.S. equities, despite stretched valuations, as trends in momentum, volatility, and the declining probability of recession are supportive of the asset class.
-
We are maintaining our tactical underweight to fixed income in light of ongoing uncertainty about the magnitude and timing of future rate cuts.
-
With persistent higher inflation that could benefit commodities, we have a continued moderate overweight in the asset class.
