With the global economy strengthening and U.S. stocks looking expensive, consider international markets.
Markets and Economy
If you’ve invested mainly in the U.S., consider diversifying internationally.
The Fed may raise rates later this year. Still, there may be opportunities in corporate bonds.
Business Cycle Update
Cyclical and demographic constraints make a sustained jump to much higher growth unlikely.
Healthy labor markets and consumer spending bode well, but later-cycle dynamics pose constraints.
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