21 Jul Market Update—07/08/2021
Just a quick comment from Morningstar today regarding the stock market.
As you can see, stocks in general are slightly overvalued and a correction into the 3rd quarter would certainly not be a shock. However, with interest rates still very low and economies around the world continuing to reopen – even though it’s quite a challenge with the virus constantly changing and vaccinations slow to be implemented – stocks should continue their move higher. We will look to add to global funds and stocks on any such correction.
I hope you’re having a good summer and thank you for the opportunity to work together,
Broad Equity Market Trading Above Fair Value – source: Morningstar