Astoria Portfolio Advisors’ CIO, John Davi, was interviewed by CNBC on May 23, 2019 to discuss the firm’s latest market thoughts.
In Astoria’s view, it’s hard to see a meaningful rally in stocks from current levels.
Why?
- Valuations have richened significantly since December 2018
- Global equities had one of their sharpest rallies over a 4-month period ever (due to Powell’s pivot)
- Renewed uncertainty over tariffs
- Positioning
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Best, John Davi
Founder & CIO of Astoria
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