LC Investment Playbook Monthly Update February 2023

Model Portfolios

• An overview of the LC Model Portfolios, their characteristics and performances

Market Updates

• US Inflation Dropping Quickly

• US Inflation Attribution

• US Rates Have Resumed Their Upward Trend

• Longest Inversion Since 80s

• ISM Number Point to Weaker Labor Market

• Opposing forces in the US Labour market

• Emerging Markets As Main Growth Engine

• US HY Bonds Are Not Cheap

SpotLight

• The Equity Risk Premium Points To Complacency: The Concept and Levels

• US Equities: What To Expect?