Equity Rotations, Cash-Secured Puts, and Gold Dislocations - Lyn Alden

And they tend to approximately rotate together. Decades where American growth stocks do well and the dollar is strong tend to be the decades where value stocks, emerging market stocks, and gold/commodities collectively underperform. And then when an asset rotation occurs, American growth stocks (which at that point are quite expensive along with a

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Final Thoughts: Three Pillars Reiterated

I continue to view a three-pillar portfolio as an ideal framework for risk-managed investing.

A classic “60/40” stock and bond portfolio consists of two asset types that both prefer disinflation. Stocks generally prefer disinflationary growth, and bonds generally prefer disinflationary contraction. They’ve bot

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