January 4, 2019 – The past year has no doubt been challenging for investors in light of the difficulty of assessing political risks, conflicting economic signals, and swift reversals in equity market sentiment. Like many investors, we were caught off guard by the violent market correction in the fourth quarter—a drop of almost 20% between September and December. However, despite continued risks, at this point we think the equity market is set up to deliver stronger returns in 2019.
December 18, 2018 – Many of our clients are familiar with our economics-led investment process. It is essentially grounded in a view of the economic landscape, which we believe informs and drives financial markets over the long term.
In the December issue of our monthly flagship publication, we feature:On the Record by Chief Investment Officer Tony Roth, where he separates the signal from the noise—the useful from the irrelevant—in assessing the significance of the market’s whipsaw volatility of the last two months, and provides our outlook.