3Q23 Review and Outlook: Narrow Market Leadership, “Higher for Longer” Interest Rates, and a Potential New Wave of Inflation
October 13, 2023 | TIMELY PM UPDATES
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The charts and infographics contained in this blog are typically based on data obtained from third parties and are believed to be accurate. The commentary included is the opinion of the author and subject to change at any time. Any reference to specific securities or investments are for illustrative purposes only and are not intended as investment advice nor are they a recommendation to take any action. Individual securities mentioned may be held in client accounts. Past performance is no guarantee of future results.
As with all investments, there are associated inherent risks including loss of principal. Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Sector and factor investments concentrate in a particular industry or investment attribute, and the investments’ performance could depend heavily on the performance of that industry or attribute and be more volatile than the performance of less concentrated investment options and the market as a whole. Securities of companies with smaller market capitalizations tend to be more volatile and less liquid than larger company stocks. Foreign markets, particularly emerging markets, can be more volatile than U.S. markets due to increased political, regulatory, social or economic uncertainties. Fixed Income investments have exposure to credit, interest rate, market, and inflation risk. Diversification does not ensure a profit or guarantee against a loss.
Benchmark asset mixtures are as follows: BCM Decathlon Conservative Tactics portfolio has a benchmark asset mixture of 20% Global Equity (MSCI ACWI) / 80% Fixed Income (ICE BofA US Broad Market Index). BCM Decathlon Conservative Aspect portfolio has a benchmark asset mixture of 15% Global Equity (MSCI ACWI) / 85% Fixed Income (ICE BofA US Broad Market Index). BCM Decathlon Moderate portfolios have a benchmark asset mixture of 50% Global Equity (MSCI ACWI) / 50% Fixed Income (ICE BofA US Broad Market Index). BCM Decathlon Growth portfolios have a benchmark asset mixture of 70% Global Equity (MSCI ACWI) / 30% Fixed Income (ICE BofA US Broad Market Index).
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