Today

Key Points

  • The Fed will likely raise interest rates in December, although policy should remain accommodative.
  • Government bond yields will likely remain low despite mounting evidence of improving growth. This should benefit equities.
  • Equities may be expensive compared to their own history, but they appear attractive compared to bonds and cash.

 

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Snap shot 09/28/2016 04:41:20 pm EST
 
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