FAAR - Asset Allocation Committee Outlook Q3 2021: From Hanging Ten To Choppy Waves

July, 21 2021 01:50 PM First Trust Alternative Absolute Return Strategy ETF

Since last November’s vaccine news, financial markets have been "hanging ten" on a swell of cyclical, value and small-cap stocks, and rising Treasury yields.
Crosswinds started to grow in the second quarter, however, as economic and inflation data ran hot: rising yields stalled and growth stocks regained their footing.
The Asset Allocation Committee expects the choppy waters to persist as the Fed edges nearer to a likely “tapering” decision toward the end of the year.
However, on a 12-month horizon we still think the economic re-opening waves are rideable and that investors will be able to use the potential volatility to add portfolio risk.

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Company Name:	First Trust Alternative Absolute Return Strategy ETF
Stock Symbol:	FAAR
Market:	NASDAQ