• Growing Investor Confidence: Investor optimism typically increases as a bull market matures. Recent correction angst notwithstanding, US sentiment has improved but is not yet euphoric. Meanwhile, growing optimism in the US remains unmatched by European investors.
• Strong Economic Drivers: In both developed and emerging markets, economic drivers remain strong. We believe these fundamentals will come to the forefront as sentiment improves.• Global Political Gridlock: In much of the developed world political gridlock persists decreasing the likelihood sweeping legislation potentially hurting equities passes. With US midterms in Q4 the president’s party typically loses power increasing gridlock. US equities have risen in 87% of midterm year Q4s—and each of the two subsequent quarters.
This article reflects the opinions, viewpoints and commentary of Fisher Investments MarketMinder editorial staff, which is subject to change at any time without notice. Market Information is provided for illustrative and informational purposes only. Nothing in this article constitutes investment advice or any recommendation to buy or sell any particular security or that a particular transaction or investment strategy is suitable for any specific person.
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