Tactical Rules Give the Green Light: Portfolios Favor Stock Exposure
The Fed is likely to raise rates again, in our view. The Trend is positive, this suggests to us an upside target of 4800 on S&P 500.
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The Fed is likely to raise rates again, in our view. The Trend is positive, this suggests to us an upside target of 4800 on S&P 500.
Progress has been made and the trend of tactical rules are moving towards a more neutral portfolio positioning, in our view.
The Fed appears on track to decelerate the pace of its rate hikes, but far from a rate cutting pivot, in our opinion.
We believe the Fed is still on investors’ side; monetary policy historically takes a year to 18 months to impact the economy.
Looking Ahead to 2022 with ‘Realistic Optimism’ Stock valuations are driven by future expectations. That mindset proved beneficial to equity investors who were willing to look towards the future with optimistic expectations for a re-opened world and the resultant economic recovery. They have been rewarded with positive returns over the past twelve months, but now that we are in recovery mode, what comes next? Our Three Tactical Rules* shape our view as we look out over the next ninety days. Looking longer term, however, we also consider many qualitative inputs to help inform decision ma...