Allspring Strategist Jacob on Forming Portfolios And Facing Uncertainty

there's so much uncertainty out there

though brian how do you

write down anything certainly i mean we

don't even know about omicron yet and

how bad it's going to be never mind

whether they're going to be future waves

we don't know what the data is going to

be like in a few hours out of the united

states we don't know the picture for low

wage jobs for example or sold tax

deductions

yeah that's very true and uh you know i

think that's why when you write these

things down it always has to be with

humility right about okay what are the

things that what do we think will happen

but then what if we're wrong what are

those different scenarios uh but you

know a part a portfolio is a prediction

about the future right you need to

position a portfolio today about what is

likely to unfold and you don't know but

i hear a lot of people talking about

markets don't like uncertainty but the

fact is uncertainty is the bread and

butter of markets it's that difference

of opinions it's the difference in

outlooks that means that investors get

compensated for the risks that they take

and so our job then is to decide whether

or not those risks are well compensated

or not and you know in government bonds

we don't think that there's a lot of

value there except for maybe as a

diversifier of portfolios because we

have seen an equity market sell off

those yields can come down and bonds can

diversify but they really don't do that

much more for you and so in some parts

of the equity markets like let's say

energy maybe europe and emerging markets

we do think that investors are

compensated for those risks

English (auto-generate https://www.allspringglobal.com/

write down anything certainly?

 i mean we