While our short-term economic outlook is less positive than last month, we continue to believe U.S. stocks are positioned to outperform U.S. bonds as well as international developed market stocks.
Why it's important to diversify equity exposure during volatile markets and the later stages of a market cycle.
Uncertainty is a fierce opponent, whether you're picking players or securities. Investors, however, can learn valuable lessons from how football teams approach their annual drafts to help build stronger, more durable portfolios.
Recent volatility is forcing investors to question whether the diversification measures they now have in place will truly hold up going forward.
Going into July, leading indicators and relative valuations lead multi-asset strategist Doug Sue to see greater potential for stocks than bonds this month.
Chart of the Week
Chart courtesy of ClearBridge Investments. Source: ClearBridge, Bloomberg as of 4/4/2019. Past performance is no guarantee of future results. Indexes are unmanaged, and not available for direct investment. Index returns do not include fees or sales charges. This information is provided for illustrative purposes only and does not reflect the performance of an actual investment.
Chart of the Week
Friday saw a solid U.S. jobs report, with only a couple of wrinkles; Germany's manufacturing sector had a distressing February; Greece's debt crisis generated an ironic payday; Brexit hit yet another pothole.
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