At some point the fashionable sector (i.e. U.S. stocks) becomes deeply unfashionable and the out-of-favor sector (i.e. emerging markets) once again finds itself intensely appreciated. As surely as wide neckties and narrow ones trade places in the fashion hierarchy, so do major asset classes.
At some point the fashionable sector (i.e. U.S. stocks) becomes deeply unfashionable and the out-of-favor sector (i.e. emerging markets) once again finds itself intensely appreciated. As surely as wide neckties and narrow ones trade places in the fashion hierarchy, so do major asset classes.
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