He says the state of the economy today is very different than it was in December, and the market has shifted into a"risk-aversion" phase.has only been able to deliver positive returns once during"risk-aversion" across the nine cycles we studied," he writes in a note to clients. Those cycles date back 45 years.
That compares with a very impressive track record for the tactic when PMIs are rising only a bit past their peak.A 28-year old wealth manager who oversees $450 million shares her biggest tips for millennials planning for the future — and reveals her own savings strategy
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