SMLL - Today's 'Risk On' Environment May Be Here For The Long Term
By Brian Levitt, Global Market Strategist, and Talley Léger, Investment Strategist
Policy responses, global management of the pandemic, and equity prices may enable investors, collectively, to remain comfortable with assuming risk.
To assess whether a prolonged "risk-on" environment has emerged, it is important to focus on what we know about market cycles. While no two market cycles are identical, they tend to follow similar patterns. This time has been no different, the global pandemic notwithstanding.
In the following commentary, we articulate what we know about the early stages of elongated market and business cycles