This week, Simon Hamilton, Managing Director and Portfolio Manager, discusses the difference between mean reversion and a change in trend and how we are not likely experiencing a sustainable resurgence in growth stocks, nor a new bull market. He does suggest that certain reversions such as the nascent recovery of Emerging Markets could have legs. He also looks at the compounding power of dividends, what really drives stock prices over long periods of time and what could happen if we do not in fact get a recession this year.
