Positive trends and continued negative factors dominate the outlook for the US economy. Fund manager Rich Weiss and economist Richard Hoey comment
Manager view- Rich Weiss Our outlook for the US economy as we enter the fourth quarter remains mixed with both positive trends (such as earnings growth among businesses) and continued negative factors (such as high unemployment and growing indebtedness among both the federal and state governments). However, with valuation multiples for some sectors of the domestic stock market now at what we believe to be attractive values by historical standards, we are in the process of re-evaluating whether a shift from defensive to neutral in domestic equities is warranted. In the US and other...
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