Published Work
It's Different This Time
Risk Is Up and Here to Stay
Investors are likely to remember 2018 as the end of the era of easy money, low volatility and steady margin expansion. Investing will be more challenging in 2019—and diversification will be more important than ever.
Encouraging Backdrop for Investors as 2018 Gets Under Way
As the new year begins to unfold, the environment for risk assets is still benign: the global economy is strong, monetary policy is accommodative, and volatility is low and steady. At this point, we don't see excesses developing that could change that.