bear market

Stocks offer a very poor risk-reward since valuations are at historical highs and corporate profits are in a recession. Sharply higher interest rates drove

The stock market has started 2023 on a solid note. The S&P 500 and Nasdaq 100 have appreciated by 4.6% and 8.0%, respectively. The S&P 500 has rallied 15% off

The S&P 500 rallied by more than 17% from its mid-October low. In our view, this was a bear market rally fueled by favorable seasonality, corporate buybacks

Historically, the 60/40 blend of stocks and bonds (our benchmark) has reduced portfolio risk and maintained most of the stock market's reward because stocks and