Insights

Global CIO Outlook

Featured: Global CIO Outlook: July 9, 2019
David P. Harris, CFA
Beware of the Bubbles

Investors have reacted to increasingly accommodating central banks’ policies by concentrating investments in a select few sectors, resulting in a distortion of valuations. As a result, we see overvaluation centered largely in two groups of stocks: those within steady dividend paying sectors such as staples and utilities, and those in certain sub-sectors of technology perceived as having revenue growth immune to an economic slowdown, primarily software and cloud stocks. The silver lining for investors is that fear of economic weakness has created some attractive valuations across a wide range of companies offering an opportunity to acquire shares of quality businesses at depressed prices. In this issue of Global Foresight, we assess which sectors look most interesting and those which warrant caution.

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Featured: Global CIO Outlook: April 8, 2019
David P. Harris, CFA
Connecting The Dots

Connecting the Dots — In this issue of Global Foresight, we discuss some of the behavioral biases that often distort our thinking but create of some the opportunities on which we seek to capitalize as long-term investors and we take a close look at Modern Monetary Theory, a subject that has garnered much recent press with some vocal new supporters in Washington D.C.

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