In 2022, beware of stocks that check the boxes for speculative excesses; there may be more pain in the market than may appear on the surface.
Jeff Weniger discusses the value of share buybacks in your equity portfolio and how to access them with our U.S. Value Fund (WTV).
“The market looks expensive” is a common refrain we hear today. Sure, after a seven-year bull market, the U.S. market as a whole looks more expensive. Yet some prognosticators say we can get as low as zero real returns from the U.S. markets over the coming years. This is too pessimistic in my view, and I will point to the part of the market that looks most attractive to me from a return expectation standpoint.