Bruce’s U.K. View
Almost all global equity markets rose reversing the previous week’s declines. India did decline but last week it also was the anomaly by rising. The large South Africa rise was Zuma related. Other big upward moves were RISK ON …
Stock Consideration Change Report: U.S.
Sell drops 2 points, Buy moves up 1 point to 11%. Hold gains 2 points.
Stock Fair Value Report: U.S.: Update
The following stocks have received a revised fair value (Fv) that represents 100%Fv for the company: AIZ, BHF, COR, CPSI, CSL, CVS, FAF, GPI, HIG, MCO, MKTX, RSG, SNA, STC, SXT and WSO.
Stock Market Forecast – Global
We expect the DJIA to reach 25,892 by the end of 2018 and perform slightly below the long-term average. In general, we expect stock markets to adjust to good economic conditions, both domestically and internationally, along with gradual increasing interest rates. Inflation is expected to remain contained for the short term while central bankers attempt to be magicians and unwind their balance sheets without restraining economic growth. History is in the making, let’s hope that calm markets and opportunity remain the status quo.
Bruce’s Global View
Although commentators normally emphasize the U.S. market, note that it was one of the better relative performing markets dropping “only” 2.6%. Although the above statement is true, it is misleading as the U.S. market stagged a rally in the last 2 hours. If global markets had been open, they likely would have also had some recovery.