The writer is chief executive and chief investment officer of Richard Bernstein Advisors
Over the past several years it seems we’ve seen unprecedented use of the word “unprecedented”. Pundits and politicians now routinely claim that political and economic events have never before occurred.
Despite the widespread overuse of hyperbole, the US Federal Reserve in 2026 might truly be heading for uncharted territory by cutting rates despite a healthy economy and a weakening dollar. This combination of monetary and economic conditions has never happened in modern US economic history. Investors should prepare portfolios for what could be a very unfamiliar journey.
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