ETF Managed Portfolios,
Thematic Equity Portfolios,
Outsourced CIO, 
& Sub-Advisory Services

We received a lot of questions regarding last week’s ‘Recession Fears Overblown’ report. How many people have a good track record of predicting recessions? Raise your hand if you predicted and traded the 2008 recession well. We certainly don’t think the S&P 500 Index’s 70% annualized return for 2019 is sustainable. Now is a good time to trim stocks where valuations are expensive, and positioning is crowded. Given the low levels of implied volatilities, adding portfolio hedges

We received a lot of questions regarding last week’s ‘Recession Fears Overblown’ report. How many people have a good track record of predicting recessions? Raise your hand if you predicted and traded the 2008 recession well. There are 3 pillars to our bullish portfolio tilt: Inflation is low. The Fed is on hold and U.S. rates are low (for now). There are pockets of equities globally where valuations are attractive relative to their equity risk premiums. We certainly don’t thi