Although our fundamental core thesis remains positive, given a backdrop of low inflation, the dovish Fed pivot, a re-steepening yield curve, slowing but positive growth, better-thanexpected EPS, and valuation expansion, the tactical backdrop continues to suggest a minor correction over the near term, with any drawdown limited to less than 5%. We base our view on three main factors:
Sign up to access the rest of this content!
This content is not available to free users. Sign up for a paid account to access the rest of this content.