Election And Vaccine Equity Strategy: Same Style, Still Cautious

Valuations suggest that equity investors are confident in a steady recovery and a long lasting economic expansion to follow. Risks to this view aside, some think the best way to play this recovery is with a strategy from the classic playbook of being overweight cyclical-value stocks and underweight growth and defensive stocks. But we have been sticking with secular growth stocks and defensives and are likely to do so until at least the election.