Market and Economic Opinion
State of the Market
The stock market remains significantly overvalued, probability of positive returns diminishing. Expect the market to become range bound, moving sideways.
State of the Economy
Economic growth for the US has been strong but may be plateauing.
Risky investments, sensitive to stock market volatility, should be reduced. Increase positions in large multinational dividend stocks. Prepare, in the coming months, for possible reduction in the equity asset class and increase cash positions.
Summary of Indicators
Market Valuation - Shiller P/E:
The Shiller P/E helps determine if the market is valued fairly based on reported earnings.