The Unloved Mega-Caps
Valuations make the case for overweighting the very largest firms within a U.S. equity allocation.
US
Still Pounding the Table on Quality
In a world of overvalued financial assets, high-quality shares look to be one of the last bargains left.
Cutting Strategic Allocations to U.S. Equity
In all developed markets, but particularly the United States, investors’ bias in favor of domestic equities is irrational and sub-optimal. We recommend that investors` strategic equity allocations be equally divided among the Americas, Europe, and Asia.
Prospects for U.S. Equities Remain Bleak
Consensus earnings expectations seem too high considering the strong market headwinds and advanced nature of the earnings cycle, while valuations remain elevated.
What Really Happens When the Fed Stops Tightening?
A sobering look at historical trends.
Relative Valuations: Less Than Meets the Eye
Despite a near six-year run by small-cap and value stocks, the relative opportunity in large cap and growth is somewhat limited.
U.S. Bonds: Navigating the Shifting Structure of the FI Marketplace
Product innovation brings new opportunities, but also can significantly alter key performance drivers.
U.S. Equities: Are Things Really Different This Time?
While the recent resilience of the U.S. economy and financial markets has been impressive, valuations remain stretched.
U.S. REITs – Expensive, but Still Worthwhile
REITs offer strategic benefits but limit your exposure in the current environment.
The Appeal of Quality
Investors would be well served to tilt their portfolios toward high-quality assets.