As we continue to navigate challenging market dynamics including rising inflation, difficult labor markets, elevated valuations and ongoing geopolitical tensions, investors are considering how to fill their expected return gap.
Many people say they like to be long-term investors. It’s a laudable ambition, but often the short term gets in the way. Our notes typically focus on the strategic horizon, but when the S&P 500 falls by 20%, 10-year Treasury yields rise by 140 basis points and Bitcoin is down by 60% since the start of 2022, strategic investors need to respond.