We now assume that a cyclical bear market in equities is underway, and have positioned our tactical portfolios with net equity exposure of just 35%.
Sep
09
2015
More Trouble Ahead
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![Doug Ramsey / Chief Investment Officer & Portfolio Manager](https://leuthold.imgix.net/leutholdgroup.com/site_files/authors/DSC_3768_LR_Doug.jpg?h=150&w=150&fit=crop&fp-y=.15)