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Asset management and fund structuring boutique

Still no bargain

Jun 07, 2022

The S&P 500 has rebounded some 5% since the lows seen Mid-May. In our opinion, this rebound can hardly be considered as having been driven by bargain hunting. Indeed, mid-May the S&P 500 overall was still in the upper valuation band seen over the last 50 years on most valuation measures. We remain selective and defensive.

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