The CIO of Morningstar Wealth's Americas unit explains why investors focused on the next recession are missing the point — and shares the market areas to buy now for profits in any economy
Instead, investors should consider creating a portfolio optimized for high returns in any economy.A glance at the current US economy certainly doesn't paint a very rosy picture for investors. Alongside a yield curve that's been inverted since 2022, in recent weeks a slew of additionalThere's no doubt that an economic downturn will have global repercussions for Wall Street and average consumers alike.
"We want to build portfolios that are resilient across the range of outcomes that can occur, and really use valuation as the button to push to determine where we're invested," Norton explained in a recent interview with Insider."We're very sensitive to what we think an asset class is worth and where it's priced today — that's the driving force behind how we position our portfolios.
"Are we going to test the lows of the market?" Norton asked."I think last year was really the popping of the balloon."
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