Tactical Investment Strategy December 2018
Risk assets have progressively worsened in the fourth quarter, as the list of macro concerns continues to increase and negative sentiment becomes more entrenched. The transition of central banks toward balance sheet reductions, or quantitative tightening, has taken away the volatility dampener in the markets, just as fiscal stimulus effects are waning, and growth, trade, and geopolitical concerns are increasing. From an asset allocation perspective, this suggests a period of lower returns and higher volatility, and a more favorable backdrop for high-quality fixed income and defensive equity segments vs. higher-beta allocations.
Podcast: The Yield Curve Inversion – What’s Different This Time?
Is a recession imminent? “History doesn’t repeat itself, but it often rhymes.” Sage Advisory’s Komson Silapachai weighs in on, what’s different this time?
Fixed Income Perspectives December 2018
This presentation provides insight into our fixed income outlook, and illustrates how Sage is positioned amid continued market volatility.
Podcast: Which Asset Classes are Most Attractive Right Now?
In this podcast, Sage VP of Research Komson Silapachai discusses the continued market volatility and where Sage sees investment opportunity.