“At the end of the third quarter, I cautioned that risk assets were overvalued in comparison to the economic prospects that laid ahead at that time. I ended that Market Perspective by stating: “Now is not the time to embrace risk assets. Investors should only take on risk judiciously and selectively.” I believed that this mispricing extended to many asset classes…”

To read the full version of CapAcuity’s Chief Investment Officer’s quarterly market perspective for 4Q19, click here.