Well, look. This is something weve been saying since the start of the year. We went slightly underweight u. S. Stocks relative to Global Benchmark and we overweighted things like europe and it was not a tough decision. It was one of these things where you just look at the gains weve had in u. S. Stocks for clients, you look at performance, valuation differentials and look at the picture brightening in ways that are not captured in flows, in fundamental research, et cetera, and it was the type of thing where we say, look, first of all, this is an overweight and second o all, relative to other advisers, the home country bias around the world is on sene and in the u. S. , we see people with these accounts that are hugely levered to the s p continuing to go up and up and up away from other asset classes. This is not going to be the case. Historically that will be very wrong. Jpmorgan said theyve outperformed. They think the dollar could weaken in the second half rather than go up even with
The Top 20 things to do on Maui for the week of June 8-14 includes the world film premiere of Willie Nelson’s 90th birthday concert, the Pacific Whale Foundation film festival event and the “Asia Phoenix” at the MACC. Find our comprehensive listing HERE.
Maui OnStage presents a special encore production of the acclaimed play, “Misery,” based on the iconic novel by Stephen King and written by William Goldman.