Will Investors Take Weaker Economic News in Stride?
We’ve been closely monitoring the details in our Road to Recovery Playbook over the past few weeks, looking for ways to opportunistically take advantage of the sharp pullback in equity prices. The Playbook consists of five factors we are scrutinizing in order to gauge progress toward the market’s bottoming process and to signal an appropriate time to get more aggressive with equity allocations. One of those factors emphasizes whether we believe there is visibility into the probability and severity of a US recession. We believe a review of the IHS Markit Flash U.S. Composite PMI™ for March 2020 provided useful insights relate... Read more