After reaching record highs, stocks may grind slowly higher, says Jurrien Timmer, director of global macro.
Both bonds and stocks are up, some economic data is inconsistent, and it’s unclear when the Fed may raise rates.
With valuations of defensive assets high, consider rebalancing into inflation-sensitive assets.
With stocks near record highs, what will it take for the momentum to continue? Earnings growth, says Jurrien Timmer.
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