By Martin Pelletier
In today’s market environment, the greatest threat to your portfolio may not be the market itself but how you respond to it. As discretionary money managers, we take on the responsibility of navigating the complexities that markets throw at us. And right now, those complexities are abundant: macroeconomic uncertainty; geopolitical instability and a market that seems to defy gravity. Stocks are rebounding to new highs despite softening economic data, while bonds, once the cornerstone of conservative portfolios, continue to underdeliver. For traditional 60/40 investors, this has been a particularly challenging period.