Asset allocation outlook: Framing the markets

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Diversification cannot assure a profit or protect against loss in a declining market.

Additional Disclosures 

Slide 5—Household accumulated savings: Data shown is End of Period, Not Seasonally Adjusted.

Slides 7 and 8—T. Rowe Price Multi-Asset positioning: The asset classes across the equity and fixed income markets shown are represented in our Multi-Asset portfolios. Certain style & market capitalization asset classes are represented as pairwise decisions as part of our tactical asset allocation framework.

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