Robert J. Schoen
Co-Chief Investment Officer, Global Asset Allocation
More from the Asset Allocation team
As the Fed's interest-rate hikes make a recession more likely, 2023 earnings estimates for stocks need to come down.
Active managers are in a unique position to manage risks in target-date strategies.
With historical context in mind, we argue that the fear surrounding rising rates and their impact on bonds and retirement portfolios is likely overblown.