2nd Half 2016
For over a year we have opined in “Ken’s Korner” that we expected the market to remain “choppy.” As the market approaches the upper end of the past two year trading range, we continue to recommend patience until the US stock market breaks through resistance and makes new highs or corrects to more attractive prices.
With that said, there are always long-term opportunities and we continue to have high conviction in certain income producing stocks, bonds and preferreds over the coming years. For numerous reasons, including low to negative interest rates around the globe, we think rates will remain lower for longer with the occasional “knee-jerk” move higher.
The ramifications of “Brexit” are still difficult to handicap at this early stage and could certainly remain a concern for years. Other concerns include the upcoming election, poor corporate earnings the past three quarters and lower productivity levels. Positives include low interest rates, low inflation, lower unemployment, low energy prices and an expected improvement in earnings the back half of the year. We believe proper asset allocation to help clients reach their goals is extremely important. We feel our Goal Planning & Monitoring (GPM) software continues to be an excellent tool that can help our clients with their personalized financial plan.
We very much appreciate the trust and confidence of our clients and continue to look forward to the future with optimism.
Best regards,
Ken
Views expressed are not necessarily those of Raymond James & Associates and are subject to change without notice. Information provided is general in nature, and is not a complete statement of all information necessary for making an investment decision, and is not a recommendation or a solicitation to buy or sell any security. Past performance is not indicative of future results. There is no assurance these trends will continue or that forecasts mentioned will occur. Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment.
Dividends are not guaranteed and will fluctuate.
International investing involves additional risks such as currency fluctuations, differing financial accounting standards, and possible political and economic instability. These risks are greater in emerging markets. Investing always involves risk and you may incur a profit or loss. No investment strategy can guarantee success.
