2024-07-26 16:40:00 ET
Summary
- The era of easy money is ended. The post-pandemic era is setting up to be more volatile with greater differentiation across individual stocks.
- Beta, or market return, is sufficient when a rising tide lifts all boats. In the more traditional investing landscape now forming, we see alpha at the center.
- A more discerning market that prices stocks on their underlying fundamentals is an opportunity for skilled stock pickers to outperform.
By Tony DeSpirito
The long period of moderation - in inflation, interest rates and market volatility - has passed. The pandemic period, inclusive of the crisis response and aftermath, roused an entirely new set of circumstances upon which the economy and markets are establishing their footing. For equity investors, we...
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For further details see:
Equity Investing For A New Era: The Return Of Alpha