Navigating the Two P's - Putin and Powell

Navigating the Two P's - Putin and Powell

So far this year, worldwide investment markets have reacted to wartime inflation pressure and our Federal Reserve's ramped-up interest rate normalization process, triggering the largest bond market decline in 4 decades, and more..

Because of the unusual amount of repositioning that is necessary to navigate the risks and opportunities that are currently present, I wanted to put a short summary document together for our clients that provides some understanding of the specific actions we are taking in our managed strategies. As you read this, keep in mind that our more conservative investors have an overarching goal to reduce risk and create returns without large drawdowns, while at the same time, our growth investors remain focused on accumulating shares for the future and often look at price declines as an opportunity to buy more assets for the long run. Some of the strategies described below are applicable to one group or the other, or both.