Matthew McLennan on Bloomberg Markets

The short term zigs and zags don't worry us as much. What worries us a little bit more is when we stand back and look at the market environment today, a lot of things have gone right. Confidence is high. The economy is strong. Multiples are high in markets. Yet there are other things that have gone from bad to worse, geopolitics and debt. We think it's a time to step back and be a little realistic about your outlook.



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