Q2 2021 Institutional Strategy Review:
- We expect to see a continued “tug-of-war” for leadership between growth companies to value companies. We still favor Value over Growth and believe it will outperform over the long-term.
- We expect inflation to be transitory, as the world economy gets back on track and the supply chain normalizes.
- Pay attention to the valuation of your stocks, as it will be very hard to outperform the market with a portfolio full of overvalued companies.
- We continue to “pound the table” about underweighting or even eliminating your bond allocation. Bond prices will be under pressure for years to come as interest rates work their way off of the zero-interest rate environment we find ourselves.
