With American consumers flexing their muscles again, the U.S. economy is experiencing moderate growth. But given an uncertain growth picture abroad and fluctuating energy prices, expect greater volatility.
The path to full economic recovery in Europe and Japan is uncertain, but central bank stimulus, currency weakness and falling energy prices are providing tailwinds for select companies. European periphery countries also present opportunities.
New for Q1 — Crosswinds Send World's Economies on Diverging Paths
New for Q1 — Pack Your Bags for Japan
China’s woes have put some economies in a tough spot. Less demand growth for commodities and other exports could spell further setbacks for investors. But volatility may have a silver lining for selective investors: unusually attractive valuations.
Opportunities to invest in blue chip, high dividend-paying equities have gone global. Companies that can generate dividend growth have also been less sensitive to rising rates and may offer a measure of stability in an uncertain environment.
New for Q1 — Want Dividends? Go Global
U.S. interest rates may be heading higher, but the Federal Reserve is in no mood to move quickly. The “lower for longer” scenario remains intact and bonds continue to provide important diversification.
Choppy waters for stock markets barely register as a ripple in munis. Revenue bonds may offer a particularly attractive source of income and capital preservation. Should munis be a bigger part of your portfolio?
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With no obvious imbalances the U.S. economy should continue on a growth path, with particular strength among consumer-oriented companies.
Economic recovery may be tentative, but companies often adapt. Look for select companies that can pivot to pockets of opportunity across markets.
China, Brazil and Russia are struggling with a number of challenges, but volatility can offer opportunities to invest in leading securities at compelling valuations.
The municipal market offers compelling yield opportunities in a number of areas, as well as potential tax advantages and diversification.
The “lower for longer” scenario remains intact and bonds continue to play an important risk-dampening role in portfolios.
A – AMHIX; C – AHICX;
F-1 – ABHFX; F-2 – AHMFX;
F-3 – HIMFX
A – LTEBX; C – LTXCX;
F-1 – LTXFX; F-2 – LTEFX;
F-3 – LTEX
A – AFTEX; C – TEBCX;
F-1 – AFTFX; F-2 – TEAFX;
F-3 – TFEBX
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