The Federal Open Market Committee’s statement that it will begin to taper its bond purchases in January is a good sign that the US economy continues to heal, in our view. (more…)
Dianne F. Lob (pictured) and Ding Liu
With the US stock market repeatedly reaching all-time highs in recent weeks, many investors are becoming leery of investing in stocks. Focusing on the market’s level is a mistake, in our view. It’s market valuation, not level, that matters.
With global equity market returns of well over 100% since the bottom hit in March 2009 (Display) and the S&P 500 only modestly below the record it set a few weeks ago, some investors are asking if stocks are heading for a fall. We think any number of things could cause a short-term rollback—among them, the political stalemate in Washington—but the market isn’t overpriced. (more…)