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But we saved everything 🙂.
Arpit Gupta states that a 100 percent SPY portfolio achieved a 21 percent return in the year ending June 30. He compares this to a 75 percent stock and 25 percent bond portfolio, estimating it would have yielded around 15 percent.
Gupta also observes that New York City pensions have significant allocations to private equity, but questions the added benefit of these investments.
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Gupta has recently discussed the impact of hot U.S. economic conditions on labor participation and consumer prices in a previous analysis. He has also reviewed how credit controls in the U.S. and ECB lending programs have shifted economic activity and policy, as noted in another earlier article. These observations add context to his latest views on portfolio returns and pension allocations.