State Street's Lacaille Continues to Be Overweight in Equities

The transcript discusses a recent market sell-off, attributing it to revised growth expectations and exaggerated concerns about a slowdown. It highlights the spike in volatility and the importance of maintaining diversified portfolios. Despite a challenging 2018, the outlook for 2019 remains optimistic, with a focus on US equities. The discussion also touches on the debate between cash and equities, emphasizing the need to assess growth concerns and equity valuations.

What was one of the reasons for the recent market sell-off?

• Revised growth expectations

• Technological advancements

• Increased interest rates

• Political instability

How did the market react to the previous irrational exuberance?

• By stabilizing

• By experiencing a reality check

• By increasing further

• By remaining unchanged

What is the current strategy for managing portfolios amid market volatility?

• Buying insurance

• Selling all equities

• Maintaining diversification

• Investing in bonds only

What is the investment outlook for US equities in early 2019?

• Underweighting US equities

• Overweighting US equities

• Avoiding US equities

• Focusing on European equities

What is the expectation for global growth in 2019 compared to 2018?

• Insufficient for any investments

• Higher than 2018

• Lower but sufficient for equity valuations

• Same as 2018