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?

  1. Valuations have richened significantly since December 2018
  2. Global equities had one of their sharpest rallies over a 4-month period ever (due to Powell’s pivot)
  3. Renewed uncertainty over tariffs
  4. Positioning

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Best, John Davi

Founder & CIO of Astoria

For full disclosure, please refer to our website:

https://www.astoriaadvisors.com/disclaimer

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