Balance 2019 risks with a barbell approach to equity sectors
Barbells aren’t just for bonds. Three equity metrics may merit close attention when positioning portfolios for this phase of the business cycle. We explain which sectors we like for offense, defense, and the most favorable combination of both.
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Stock market bears come in all shapes and sizes
A 20% decline or more from a market peak is broadly defined as a bear market for equities but, in our view, that’s an oversimplification. Here’s how to understand—and prepare for—bear markets.
Read moreHigher rates and protectionism will shrink manufacturers' profit margins
The dramatic increase in manufacturers’ profit margins over the past quarter century may be nearing an end, as rising interest rates and trade tensions weigh on the sector.
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