My views on the economic and market implications of the banking turmoil.
My views on the economic and market implications of the banking turmoil.
Given the speed of events, trying to summarize the impact of the turmoil in the banking sector is like trying to hit the proverbial moving target. (Let’s not yet call it a banking crisis. More on that below.)
But one thing seems clear: This is another headwind the economy faces—and one more reason I’m comfortable in our Asset Allocation Committee remaining underweight in stocks relative to bonds and cash.
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