We have been living through an extraordinary period. It was a year ago that COVID was recognized as a global pandemic and since then over 100 million people have been stricken and more than 2 million have died.

Economies were locked down causing severe recessions. Central banks and governments responded with unprecedented amounts of monetary and fiscal stimulus. A worldwide effort by pharmaceutical companies to develop effective vaccines did so in record time. Millions are now in the process of being vaccinated. Global economies are now recovering with China and the U.S. recovering at a rapid pace.

Is the worst behind us? Are world economies and markets on a sustained path of recovery as many believe or are there serious hidden risks?

Risks are the concern of this week’s guest whose top priority as a money manager is capital preservation. He is Matthew McLennan, Head of the Global Value team at First Eagle Investment Managemen.

Long before the pandemic, McLennan had been monitoring emerging geopolitical and financial risks globally, which he says were exacerbated by COVID. He’ll discuss specifics and how he is protecting his portfolios while still participating in aspects of the bull market.

WEALTHTRACK #1740 broadcast on April 2, 2021

More info: https://wealthtrack.com/preparing-for-the-next-correction-while-participating-in-the-bull-market-with-matthew-mcclennan/

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