WebOn Friday, March payroll data showed 236K jobs being added, indicating “net” employment was still positive, while the unemployment rate remained low at 3.5%. Wage gains, at 4.2% y/y, continued to cool from a year ago pace of 5.9%. WebApr 8, 2024 · For now, our portfolios maintain a “quality income” vigil and seek growth from industries with less than average business cycle risk such as pharmaceuticals (our largest sector overweighting). This comes at the expense of underweights in less well-capitalized and indebted firms. CIO Strategy Bulletin (PDF 746.23 KB)
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