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Bearish Now, Bullish Later: How Investors Are Sizing Up Stocks

Investors have been forced to rethink nearly all of their assumptions in the past two years. In this unusually tumultuous span, the world has seen a deadly pandemic, the quickest global economic recession and rebound in memory, unprecedented monetary- and fiscal-policy contortions, supply-chain disarray, armed conflict in Europe with nuclear overtones—the list goes on.

“We live in a very turbulent time; the range of possible outcomes is so much wider now,” says Epoch Investment Partners’ co-chief investment officer, Bill Priest,…

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