BakerAvenue Prudence Indicator Says...
Long-term: Neutral | Short-term: Neutral
Evolving Influence: Less Macro, More Micro
For those who have been following our market updates (), you will be familiar with several of our key concerns and opportunities. We have continually stated that while growth is slowing, the downturn is more cyclical rather than secular. We do not forecast a break to our longstanding “growth normalization” view.
We do believe volatility will stay elevated, but ultimately, another year of economic and earnings growth be enough to offset monetary tightening and support an eventual grind higher in equities. We want to be thoughtful regarding portfolio construction and risk control in these volatile times.
Disclosure: Past performance is not indicative of future performance.