In consideration of the macro environment, we continue to expect a recession over the next twelve months and believe the risk to assets is skewed negatively. We remain in favor of high-quality companies and high-rated fixed income exposures.

Q1 2023 Asset Allocation Viewpoints & Positioning: The economy may experience a more severe downturn than expected; reducing risk exposure in portfolios may prove key.

The End of a Mid-cycle Slowdown? Or the Last Stand for the U.S. Economy?

Q4 2022 Asset Allocation Viewpoints & Positioning: “The Last Dominoes to Fall”

Actionable investment conclusions from Harbor’s Multi-Asset Solutions Team

The winds of winter and a dream of spring: the winter growth slowdown is here, but we’re looking over the horizon to the “growth boom of 2021".

Accelerating growth and inflation coupled with rising interest rates.

From recovery to reflation: vaccination, a new fed framework and fiscal stimulus will all collide in 2021 to put upward pressure on inflation in the years to come.

We retain our equity overweight and increase our value cyclical tilt.

We retain our pro-cyclical tilt due to above-trend growth, rising interest rates, and further upward EPS revisions.

Actionable investment conclusions from Harbor’s Multi-Asset Solutions Team

When the data changes, you change: We are increasing the quality of our portfolio across equities and fixed income as growth slows and the Fed tightens.

In recent months we’ve experienced downward revisions to real GDP, upward revisions to inflation, and flat nominal GDP.

Actionable investment conclusions from Harbor’s Multi-Asset Solutions Team

Actionable investment conclusions from Harbor’s Multi-Asset Solutions Team.

Fog of War, Not Fog of Earnings

August 2022 Intra-Quarter Asset Allocation Viewpoints & Positioning: “Houston, We Have a Problem…”

Q3 2022 Asset Allocation Viewpoints & Positioning: “The likelihood of recession is high…”

Q2 Asset Allocation Viewpoints & Positioning: What will it take to tame inflation?

Global central banks are deliberately slowing aggregate demand; no major central bank is more intent on that than the Federal Reserve.

Inflation may continue to run hot, and this will worry the FOMC. Get the latest views on the uncertainty around the Covid lockdown in China, inflation-fighting central banks, the war in Ukraine and more here.

2022: A Year of Diminishing Liquidity and Slowing Growth

"Timely Insights” from the Multi Asset Solutions Team at Harbor, sharing their initial thoughts on earnings as of Q2 2022.

The Federal Reserve will likely need to take aggressive action to bring the economy back into equilibrium. Get the latest views on inflation, rates, asset allocation and more here.

More “Timely Insights” from the Multi Asset Solutions Team at Harbor, sharing their thoughts on earnings as of Q1 2022.