With even the most optimistic market watchers expecting muted returns this year, where should investors seek refuge?
Invest in emerging market equities, including China. While the Chinese central bank is not particularly accommodative, it still “is in a very different place” than the Fed. And last year’s underperformance means allocations in emerging markets are now fairly light. Stick with Energy and financials in the very near term, amid persistent inflationary pressures. In t...