Multi-Asset Perspectives

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Economy Primed to Accelerate in 2021; Markets Need Laggards to Lead

January 11, 2021

With two COVID-19 vaccines approved in the U.S. and more fiscal stimulus about to be deployed...

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Markets Discount Resurgence in COVID Cases, Focus on Vaccines

December 8, 2020

Despite the recent coronavirus surge and probable upcoming socially isolating, winter hunkering required, we think stocks can continue to hold their own against bonds.

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Uncertainty Ahead: Election Season and Rising COVID-19 Cases

November 2, 2020

We continue to believe that risk-assets are worth the discomfort of uncertainty.

Markets Confront Return of Volatility

September 28, 2020

Market sentiment is looking ahead to the end of the COVID-19 pandemic, probably in the first half of 2021, when an effective vaccine is widely distributed. An end date on the horizon is certainly a good thing for stocks.

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Risk-Assets Reprice in Crowded Flight to Safety

March 19, 2020

We consider the coronavirus outbreak a temporary shock, inducing a technical recession but not fundamentally impairing productive capacity. Considering this and an expanded equity risk premium, we see stocks as more attractive than bonds.

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