Key Takeaways
- We believe that the current U.S. economy is currently in a late-cycle expansion, which historically has seen volatility but has also been good for investment performance.
- If a recession occurs in the coming quarters, we believe it may be relatively mild compared with 2008 or 2020 because of low unemployment, as well as a strong banking system and housing market.
- Investors looking to help grow wealth while managing risk may consider options such as stable high-quality bonds or less volatile blue-chip stocks.