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A note from our CEO/Co-CIO Bob Shea
Everything that has happened since Feb 2020 argues in favor of high-quality equities and our strategies…
Everything that has happened since Feb 2020 argues in favor of high-quality equities and our strategies…
In late March for only the 6th time in history, the S&P 500 has deviated by at least 25% from its 50dma, three of these times came during great depression.
Forward returns for equities have been quite bullish over all time frames out 2yrs, w/ 1929 crash being the one exception.
Forward returns for equities have been quite bullish over all time frames out 2yrs, w/ 1929 crash being the one exception.
You could contend that the policy response in 2020 is 180 degrees, more supportive and accommodating now.
The Fed’s response has been unprecedented, purchasing corporate bonds and most recently junk bonds.
The Fed’s response has been unprecedented, purchasing corporate bonds and most recently junk bonds.
Longer term, is there any doubt that the global policy response will be:
1. The start of some kind of Universal Basic Income in most Western countries
2. Financed by MMT (the Magic Money Tree)
1. The start of some kind of Universal Basic Income in most Western countries
2. Financed by MMT (the Magic Money Tree)
In a world of massive deficits funded by MMT, why own bonds, why own cash?
Not a timing call, but most of the best and brightest have been out calling for allocations to High Quality Equities.
Not a timing call, but most of the best and brightest have been out calling for allocations to High Quality Equities.
