John Hancock Market Intelligence April Update

"In mid-2019, we upgraded U.S. large- and mid-cap equity from neutral to slightly bullish, and last quarter we upgraded U.S. small-cap equity from slightly bearish to neutral. We’re maintaining our preference to move up the cap spectrum, as we continue to advocate lowering beta (marginally) and increasing quality. We’ve been bullish on quality since the third quarter of 2018 and still prefer tilting portfolios to companies with better fundamentals, including higher return on equity and margins..."