Capital Market Outlook

IN THIS ISSUE

• Macro Strategy — Considerations for Investing at All-Time Highs: In our view, avoiding the market altogether due to seemingly stretched valuations could potentially lead to missed opportunities for returns.
  
  
• Market View — The State of the Markets: The Good, The Bad and the Ugly: Our thoughts to investors: ignore the hype and nastiness and stay focused and disciplined when constructing and balancing portfolios.
  
  
• Thought of the Week — Commercial Real Estate's Slow Burn: The risks are most acute for small and regional lenders and the workout process is just underway.