- History has shown us that over time clients will be better off if we patiently manage risk in a way to participate strongly in market rallies while doing a better job defending client capital as markets inevitably recede for a time.
- Many traditional stock valuation measures have become stretched. This has led to questions about the veracity of these metrics and their potential impact on future market returns.
- Despite regional outbreaks of COVID-19, the global recovery is on track. With global activity measures improving, forecasters expect the global economy to expand by 5.8% in 2021.