As with hard sciences like physics or chemistry, finance has commonly held “principles” somewhat akin to laws that help govern how investors value assets. The difference is that finance is not a hard science but, like economics, more of a social science that relies on human behavior and psychology. As a result, even the most widely accepted tenets deserve to be examined and turned on their heads at times to evaluate under what circumstances they actually hold up.
In the October issue of our monthly flagship publication, we feature:On the Record by Chief Investment Officer Tony Roth, presents the firm’s outlook and explains the top political tensions that could impact markets and tip the scale toward a recession and what would signal the need to reduce the neutral equities weighting in portfolios.
In the September issue of our monthly flagship publication, we feature:On the Record by Chief Investment Officer Tony Roth, where he delves into the persistent uncertainty and lack of clarity on a variety of fronts—U.S.–China trade, Fed rate cuts, Brexit, etc.—that makes it advisable for us to maintain our neutral portfolio positioning on risk assets at this time.