Patience is the new mantra

By Stefan Löwenthal, Jürgen Wurzer, Igor Kovacic

September 29, 2021

In their quarterly outlook, “Patience is the new mantra,” the Macquarie Multi-Asset Team discusses recent developments that have led to expensive valuations across markets and the “pain trade,” even as many investors have remained stoically long risk. Is the patience and maintaining positions amid these valuations and heightened volatility justified? The team looks at monetary and fiscal policy and other important inputs shaping their asset allocation views.

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