U.S. equities – a tough choice, but a good one
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A question of perspective: U.S. equities are struggling – but are more resilient than other assets
What do you think of a soccer game that ends in a brittle 1:1? It depends on your perspective. Some spectators will think they have just wasted the previous 90 minutes. Others may feel they have been entertained despite the lack of a victor. The teams' own assessment will depend heavily on the course of the game and prior expectations. If you went into the game as a favorite or were ahead until the 70th minute, you will complain about the two lost points. But for the team that went into the game as the underdog or was losing before the equalizing goal, it may feel like a point won.1
