Chris discusses defensive portfolio exposures that can create potential buffers to volatility, for when it reappears.
While the 2019 market rebound has undone much of the damage from 2018's year-end drubbing, the brutal selloff offers a key reminder for investors about portfolio management, specifically the importance of having defensive exposures.
The selloff from October 3rd to December 24th dragged the S&P 500 Index down by 20% and the Russell Small-cap index more than 24% (Source: Bloomberg). This was driven primarily by fears of continued rate hikes by the Federal Reserve, valuation concerns and worries about