Investors may soon be forced to take on more risk and rethink their diversification strategies due to macroeconomic uncertainties.
And that presents challenges for those who follow the traditional balance of 60% stocks to 40% bonds as a diversifier, he added.
"Momentum has really been driving equities higher across the board, especially with respect to large-cap growth names," Adams said.
The study found that stocks, bonds, and options strategies could have more correlated risk than is evident on the surface.
"So value stocks are about the here-and-now, growth stocks are about the hereafter."
Persons:
Goldman Sachs, Jon Adams, Adams, Jimmy Chang, Donald Trump, Chang, Nikolai Roussanov, David Kelly, you've, Kelly
Organizations:
Calamos Wealth, Treasury, Rockefeller, Family, Wharton School, Morgan Asset Management