Markets have come a long way fast since their late March lows. But with forward guidance from the U.S. Federal Reserve indicating near-zero interest rates through 2022, what does that mean for portfolios looking forward? As Co-Chief Investment Strategists Emily Roland and Matt Miskin discuss with host John Bryson, there’s a record amount of cash on the sidelines—$4.7 trillion—and investors want to know where to get the best bang for their buck across the yield curve and economic sectors. Faced with the prospect of a Nike “swoosh”-shaped recovery, in which the economy drops sharply and then slowly rebuilds, Emily and Matt counsel a diversified, balanced approach across stocks and bonds, maintaining a focus on intermediate-term bonds, a neutral stance with respect to value and growth styles, and a continued emphasis on higher-quality opportunities. This podcast is distributed by John Hancock Investment Management Distributors LLC, member FINRA, SIPC.