LEVATUS Investments | Portfolio Construction in a Complex World

Welcome to LEVATUS Investments | Portfolio Construction in a Complex World, offering insights on asset markets, and the forces shaping opportunities and risks in the intermediate term.

EXCERPT (July 2024):

Looking ahead, earnings are expected to improve beyond the narrow concentration of the past year, as inflation further recedes and the U.S. Federal Reserve cuts interest rates. With business conditions improving for a broader segment of the economy, markets too should ultimately benefit. In the near-term, we expect high stock multiples and stretched optimism to open the door to volatility, as will the push and pull of geopolitical risks and troublesome debt dynamics. All said, however, a return to a more normal economic cycle away from the likelihood of stagflation, alongside a wave of innovation and technological advance, offers a good backdrop in the medium to long term.

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Our investment process and outlook are based on straightforward ideas. If a business is supplying things people really need, that business will have the ability to achieve improving profit margins and growth. A business with limited debt and good financial flexibility will be well positioned to take advantage of the natural ups and downs of the economy. The businesses that emerge as winners in big secular growth trends take time to emerge, patience and discipline regarding risk relative to potential returns are essential to long-term success.

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