Global Value and Income Dispatch

Inflation Now; Deflation Later? And Aligning Capital with Labor

  • Giorgio Caputo
  • Robert Hordon
  • Adam Gittes
27 Jul 2021
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View PDF   Download PDF  

• We see risk still skewed to higher rates and inflation but are on alert
• We have pulled back a touch from cyclical equities and saw value in convertible bonds
• With income inequality in focus, is it time to align your capital with labor?


The views expressed are those of the portfolio manager as of July 2021, are subject to change, and may differ from the views of other portfolio managers or the firm as a whole. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice.

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