The Forest Capital investment process seeks to isolate the three driving macro factors when delineating future interest direction and velocity: Growth + Inflation + Federal Reserve Policy.
Growth indicators (yield spreads and company earnings, aka reality) continue to de-link from underlying stock valuations. Please thank your Federal Reserve.
“The Road Goes on Forever and the Party Never Ends” Robert Earl Keen
As usual, thank you for investing with Forest Capital! For additional information on portfolio positioning, please contact Forest Capital directly at email@example.com.