How is the economic cycle affecting portfolios?
Typically, fiscal and monetary policy is counter cyclical but in recent years this appears to have changed, most prominently in the US fiscal policy. This is complicating monetary policy and the task of running portfolios.
This week David Thorpe and Joseph Wilkins are joined by Peter Dalgliesh, chief investment officer at Parmenion, to discuss how this is affecting his portfolios and how it is affecting the value and growth styles of investing.
They also discuss seeking downside protection, valuations and whether US markets have reached some sort of new normal.
The Asset Allocator Podcast is…
The skinny
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