TTT - Economic And Market Review: Continue To Recommend Defensive Positioning Focus On Quality - Q2 2023

2023-04-09 05:51:00 ET

Summary

• In March, two high-profile implosions at Silicon Valley Bank and Signature Bank sent tremors throughout the financial sector, reminding markets that the economy remains a complex ecosystem of causes and consequences.
• In the coming months, we expect more unexpected financial accidents and maintain our view that lower-beta and higher-earnings-quality portfolios should continue outperforming riskier ones, regardless of style, thematic or regional focus.
• In this edition of our quarterly Equity Market Outlook, we discuss several headwinds that keep us on the sidelines: the increasing number of deteriorating economic indicators, still-rich valuations, stubbornly high inflation and underwhelming growth in Europe and China.

For further details see: