'Market is fairly valued and aligns with earnings growth'

How is your team viewing the current market valuations and preparing for possible corrections? At WhiteOak, we don't focus on predicting market corrections or potential crashes. Clients entrust us to manage their equity allocations, and we construct portfolios to beat benchmarks. Hence, we assume that overall markets are fairly valued, and we have to identify pockets of relative value based on our bottom-up stock picking and OpCo-FinCo valuation framework. If one looks at large caps, markets have not gone up as much as they made out to be; from the bottom of Covid, it seems like the market has gone up a lot, but the bottom of Covid priced in specific 'end of world' scenarios that didn't play

This article was originally published on November 07, 2024.