Tag: equities
Drivers of equity returns vary depending on the time horizon we study. The impact of valuation changes diminishes as the time period is increased.
Bull markets come in all shapes and sizes. We analyze historical market cycles on criteria such as duration, magnitude, velocity, and source of return.
Expected equity returns are depressed due to high valuations. A significant bear market would move expected returns closer to historical norms.
Historically, fixed income has provided diversification to equities. What happens if the correlation of fixed income to equities inverts?
Fighting U.S. FOMO
By Nathan Faber
On January 27, 2020