Nicole Petallides is all pro and even more fun to talk markets with. She and I yapped it up on what I was looking at during the coronavirus volatility. Here is the thing - we don’t know how this will pan out, so why not stick to your guns and add to things you wanted more of pre-virus. For me, that includes adding to emerging markets if they really get beat up - think 10-15% off from the year.
Also, I go through what we are overweighting right now - small cap value has come alive after a few years of underperformance and our models suggest more exposure versus less. Same thing for REITs - and let’s be practical, investors are yield starved, the Fed isn’t raising rates tomorrow, and I’d rather have a diversified REIT basket as a defensive play than mess around with utilities. Enjoy the tapes - because I really enjoyed doing this interview today.