ARIS 4Q18 Quarterly Market Outlook
Tax cuts in the US have led to an acceleration in US economic growth this year. In September, US unemployment reached its lowest level (3.7%) in almost 50 years. We expect this acceleration to be temporary as the fiscal stimulus begins to fade over the coming year.
ARIS Insights: The Low Correlation Boost
Imagine that your goal is to maximize the total return of your portfolio. You can either invest your portfolio 100% in stocks or split the portfolio equally between stocks and an uncorrelated strategy with an annual return that is 1% less than stocks.