Capital Markets Review – Q4 2019

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January 23, 2020

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Keeping Up With the Joneses May Bankrupt the Neighbors

Curious about what drove the markets to record highs in 2019? Expansion in PE ratios drove 83% of the increase, while higher corporate earnings accounted for only 8%. What could this mean for 2020? In this quarter’s Capital Markets Review, our Investment Team examines which areas of the market appear risky and how it impacts our portfolio positioning.

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