Global Growth Grumblings
Andrew Adams, Raymond James Investment Technician, offers the comments below. We’ve highlighted the ones that we believe offer a nice summary of the current stock markets. What you’ll see is a “push pull” between the thought that the U.S. stock market is overvalued, and therefore, is likely to correct (i.e., decrease before an eventual rebound), and the positive global economic acceleration that we’ve often referenced. Of course, the global economic acceleration has proven to be the stronger force over the last several months, and our current outlook is that it will likely continue.
Many types of bonds continue to “chug along” with little variability, paying out their interest rates as expected.
We hope that you have a very nice weekend. Tom and I are taking our son back to college – our adventure in empty nesting continues.
Please let us know your thoughts and comments.