At Schwab’s Impact conference in september, the company’s chief investment strategist was rather upbeat on equities, noting that “It’s a good sign that people are interested in the stock market again.” Sonders told the assembled advisors that Schwab’s portfolio model is currently biased toward domestic, with a slight overweight in large-cap growth and emerging-market equities. From a sector perspective, the model is overweight in information technology and healthcare. As far as changes in the stock market, Sonders said she thinks “there is a greater chance of an upside surprise than a downside one.”–Robert F. Keane