The future’s unclear, but the past is the apex of clarity. Alas, the past is only a rough guide, at best, to what’s coming. But the past is all we have, along with predictions. Putting the two together may or may not help, but beggars can’t be choosy when it comes to investing.
With that in mind, your editor considered the past, as defined by equity market capital flows, volatility and correlations among the major asset classes in the April issue of Wealth Manager. There are some nuggets of perspective embedded in the data. Nothing earth shattering, perhaps, but at least we can’t be charged with ignoring history. Whether that leads to tangible benefits remains to be seen. Meanwhile, here’s what we found….