This article from Research Affiliates gives us four big reasons to expect the financial markets to continue to downgrade asset pricing. Written in March of 2020, it warned of a severe selloff. Little did they know the Dow was about to take a 10,500 point tumble. It is true that the Dow did, with some fits and starts end the year up about 7.5% but, without knowing the devastating impact of the Coronavirus on the US economy, he was prescient.
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