Everyday, Everyday I Have the Blues
By John Stoltzfus,
Chief Investment Strategist
Trend Analysis
Market Strategy Radar Screen Weekly - July 20, 2015
In this article:
- Market Analysis
- S&P 500
- Asset Allocation
On the Road Again – Summer Edition
A sampling of questions from meetings with advisors and their clients across the U.S.
We were traveling on business over the past two weeks in the New York Metropolitan area, Miami, Chicago and on several conference calls with international investors
The intermittent rallies in global equity markets on news of progress made in Europe, Greece and in China over recent days show no small amount of evidence of the resilience of the world markets as well as a high degree of faith by investors in the capabilities of crisis experienced governmental agencies and monetary policy makers around the world to respond to real-time situations that develop.
As the eye of the storm in Europe and in China appears to have passed, uncertainty still remains and is likely to linger until the outcome of what is taking place in those respective locales becomes clearer.
That said, we believe that the environment remains conducive for economic growth to reassert itself and carry economies outside of the U.S. to improved levels of recovery and add to the sustainability of the U.S. economic expansion that’s in progress.
In the commodity complex, prices of many key components have come under pressure as efficiencies in discovery, production and usage alter levels of supply and demand, keeping a lid on pricing. Adding to pricing pressures on commodities are slower regional and global growth, low rates of inflation and a strong U.S. dollar.
We continue to believe that risk and opportunity lie in close proximity to each other on the current economic landscape with opportunity supported by cyclical and secular growth trends and improving fundamentals that are likely to continue to comfortably offset risk in the near to intermediate term.
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