Traditional macroeconomic forecasts for the coming year are easy to come by, but harder to confidently exploit – in either direction. Instead, we examine the current relative behavior of stocks across several dimensions and place it within the appropriate historical context. In the process, we attempt to offer an integrated view of equity-market opportunities and risks upon which you can act.
In this paper, we explore:
Past performance is no guarantee of future results. Investing involves risk, including possible loss of principal and fluctuation of value. There is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses. Risk controls, as referenced, do not promise any level of performance or guarantee against loss of principal.