Free ranging net equity exposure allocation in the East Village
GMO: "We have reduced our net equity exposure in our Benchmark-Free Allocation Strategy from around 55% to about 25%." This is all in the light of a perceived brickwall hit by Bonds.
Further: What that 25% might comprise: It might be inexpensive undervalued out of fashion Overseas and Developing Country Equities. Because: "Cheapness buys a lot of margin of safety for a bad economic outcome while still providing an expected return higher than developed stock markets. A combination of that global value stock spread and a long position in emerging market value stocks – the cheapest stocks in the world – provides a far better risk/reward trade-off than a traditional equity position at this point in time (June 6, 2020) (D-Day+ 76years).
https://www.gmo.com/americas/research-library/1q-2020-gmo-quarterly-letter/
Those Eyes Make Everything Okay
Before pursuit of commerce led her to throw slow pitches for the Fox News Bears, Maria Bartiromo was a trading floor reporter par excellance. Her commentary touched Joey Ramone, laying up in his Village shack, day trading, and composing his final opus: Dont Worry About Me.
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