In the November issue of our monthly flagship publication, we feature:

  • On the Record by Chief Investment Officer Tony Roth, Secretariat-like stock market still has room to run: making careful, concentrated bets on risk assets.
  • In Focus provides a high-level overview of Millennial investors—what defines them and moves them, and how they plan to deploy the $30 trillion in wealth transfers headed their way.
  • Investment positioning, major themes, asset class updates.

What’s the buzz about stock valuations? The subject has been blared from cable TV news pundits (or bully pulpits, some might say) and has taken up a large portion of the Internet and newspaper columns. Clients are calling relationship managers and relationship managers are calling us, all wanting to know how long markets will continue to grind higher. In this issue, we take on stretched stock valuations and reaffirm that stocks still have room to run. 

Please see important disclosures at the end of the article. 

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