Via Eddy Elfenbein
AUTHOR
Mick Weinstein
Mick is the Head of Editorial for Covestor, a financial journalist and online content specialist. Prior to joining Covestor, Mick was for five years the Editor in Chief and VP Content at stock market analysis website Seeking Alpha, where he built the editorial function as the site attracted over 3.5 million unique monthly visitors and developed an innovative platform for intelligent stock market discussion. Mick is a graduate of the University of Michigan, Ann Arbor.
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In one chart, here is why stocks may not be overvalued even after more than doubling off the 2009 lows and may still offer better value than bonds:
The Fed’s new mantra is to look at the totality of upcoming economic data releases to determine if their job is done, but even if there are no new rate hikes, rates need to remain in this restrictive territory for the foreseeable future.
Stocks finished mixed, and 1-year inflation expectations appear to be coiling, with a bullish-looking flag of their own, suggesting higher inflation may be on the way.
Actively-managed funds are off to a strong start in 2017