Peter Cramer, Senior Portfolio Manager, Insurance Asset Management, SLC Management shares insights on the economy in the article, Investors have been blinded by pessimism.
Investors have been blinded by pessimism
As we settle back in following a summer of volatility, the markets have struck a note of cautious optimism. This uptick promises to be more than a fleeting relief rally. There are nascent indications that the recovery in equity prices and Treasury yields are justified by fundamentals, and that investors have been too slow to adjust to a more positive narrative.