September 2023 Newsletter | Are We Out Of The Woods Or Just Entering?
Summary
Equities have rallied significantly, but high valuations and economic data suggest we are not out of the woods yet.
Capital market assumptions indicate lower equity returns and higher returns on investment grade corporate bonds. That doesn't even accounting for risk.
Hedging portfolios with put options or ETFs can provide downside protection in a …
Keep reading with a 7-day free trial
Subscribe to Yield Hunting to keep reading this post and get 7 days of free access to the full post archives.