“Keep Calm and Carry On!”
Despite all the macro concerns, and even with the impending seasonal market weakness of September, we remain bullish. - Our Risk Gauge ticking into “Risk On” warns that shorting may be more difficult going forward, as will determining durable leadership in a “rising tide lifts all boats” environment.
- In addition to being long established leadership and rotating as it changes, we remain very focused on the quality trade, which we think might be one of the best performing factors looking out past the next few months.
- September may give us the opportunity to add to leaders and cover short exposure.
