Those managing savings through this cycle must keep their eyes focused on the horizon: protecting capital and preserving liquidity is essential if we are to have valuable buying power in the months ahead... Word to the wise: a new rate cutting cycle is not bullish for equities and corporate bonds, nor for those holding their savings in them.
- New Easing Cycle Not Bullish For Corporate Securities, Danielle Park, CFA
Introduction
Risk is often thought of as drawdowns or loss of capital due to economic cycles, high valuations, fraud, poor management decisions