“At this moment, there are many crosscurrents in geopolitics, the economy, and the capital markets. We are in a nearly unprecedented bear market for both stocks and bonds. Everyone is asking whether the worst is behind us and is it timely to add risk to portfolios. While we could examine the various forces that are causing this bear market, history has shown that attempting to forecast political and economic factors is very challenging. I, therefore, prefer to focus on the objective factor of valuation…”
To read the full version of CapAcuity’s Chief Investment Officer’s quarterly market perspective for 3Q21, click here.