FSGS - First Principles In The Face Of Uncertainty
2025-04-15 05:50:00 ET
Summary
- At the start of last week, the VIX Index of stock market volatility hit levels unseen outside of the Global Financial Crisis and the Covid-19 pandemic.
- Volatility has been triggered by contentious policy decisions, but in such instances, the environment has usually been more predictable and modellable than it is right now.
- The overweight to global equities reflects a continued positive view on higher quality U.S. small- and mid-caps, and an upgrade for non-U.S. developed market equities.
By Jeff Blazek, CFA | Erik L. Knutzen
The current situation is unusually difficult to model, and that reinforces the first principles of investment: know your objectives, diversify and rebalance. ...
First Principles In The Face Of Uncertainty