Investment Strategy Today – Americas

The Total Market, LargeCap, DOW and SmallCap have moved into OverValued levels. Expectations are clearly higher than the companies’ ability to deliver at current levels. Revenues, earnings and dividends will need to accelerate before investor’s begin to realize expectations are higher than current reality. This does not mean an economic slowdown is coming nor that there is a large market correction on the horizon. It does mean expectations need to be realigned to match current financial conditions. Market returns may begin to slow or adjust to current financial conditions.