2024-06-19 06:45:00 ET
Summary
- Large-cap U.S. equities are expensive relative to their history, but that doesn’t mean that there is no opportunity for investors, says Melda Mergen, global head of equities.
- Performance in the marketplace was mostly supported by earnings growth, which is healthy performance of the market.
- U.S. has been outperforming the rest of the developed markets and emerging markets for a while now, but as everybody's getting nervous about the valuation, although it is justified, we see a lot of opportunities around the globe, especially supported by valuation.
By Melda Mergen, CFA, CAIA
Despite some short-term concerns, we see opportunities in both U.S. and global stocks. ...
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For further details see:
Equity Outlook: High Valuations And Higher-For-Longer Rates