Timings
Quad 1: Goldilocks Best Asset Classes: Equities, Credit, Commodities, FX Worst Asset Classes: Fixed Income, USD Best Equity Sectors: Tech, Consumer Discretionary, Materials, Industrials, Telecom Worst Equity Sectors: Utilities, REITS, Consumer Staples, Financials, Energy Best Equity Style Factors: High Beta, Momentum, Leverage, Secular Growth, Mid Caps Worst Equity Style Factors: Low Beta, Defensives, Value, Dividend Yield, Small Caps Best Fixed Income Sectors: BDCs, Convertibles, HY Credit, EM $ Debt, Leveraged Loans Worst Fixed Income Sectors: TIPS, Short Duration Treasurys, MBS, Treasury Belly, Long Bond
Quad 2: Reflation Best Asset Classes: Commodities, Equities, Credit, FX Worst Asset Classes: Fixed Income, USD Best Equity Sectors: Tech, Consumer Discretionary, Industrials, Energy, Financials Worst Equity Sectors: Telecom, Utilities, REITS, Consumer Staples, Health Care Best Equity Style Factors: Secular Growth, High Beta, Small Caps, Cyclical Growth, Momentum Worst Equity Style Factors: Low Beta, Dividend Yield, Value, Defensives, Size Best Fixed Income Sectors: Convertibles, BDCs, Preferreds, Leveraged Loans, HY Credit Worst Fixed Income Sectors: Long Bond, Treasury Belly, Munis, MBS, IG Credit
Quad 3: Stagflation Best Asset Classes: Gold, Commodities, Fixed Income Worst Asset Classes: Credit Best Equity Sectors: Utilities, Tech, Energy, Industrials, Consumer Discretionary Worst Equity Sectors: Financials, REITS, Materials, Telecom, Consumer Staples Best Equity Style Factors: Secular Growth, Momentum, Mid Caps, Low Beta, Quality Worst Equity Style Factors: Small Caps, Dividend Yield, Value, Defensives, Size Best Fixed Income Sectors: Munis, EM $ Debt, Long Bond, TIPS, Treasury Belly Worst Fixed Income Sectors: BDCs, Preferreds, Convertibles, Leveraged Loans, HY Credit
Quad 4: Deflation
Best Asset Classes: Fixed Income, Gold, USD
Worst Asset Classes: Commodities, Equities, Credit, FX
Best Equity Sectors: Consumer Staples, Utilities, REITS, Health Care, Telecom Worst Equity Sectors: Energy, Tech, Industrials, Financials, Materials
Best Equity Style Factors: Low Beta, Dividend Yield, Quality, Defensives, Value
Worst Equity Style Factors: High Beta, Momentum, Leverage, Secular Growth, Cyclical Growth
Best Fixed Income Sectors: Long Bond, Treasury Belly, IG Credit, Munis, MBS
Worst Fixed Income Sectors: Preferreds, EM Local Currency, BDCs, Leveraged Loans, TIPS
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