This is a time for selectivity and focusing on relative value.
Stocks may have already priced in a best-case scenario, meaning markets could be subject to negative surprises.
The global economic recovery will persist, but there may be further bumps ahead.
Investors should be approaching markets with caution and selectivity.
Equity markets rebounded last week, but another rise in weekly initial jobless claims suggests the economy may be slowing.
The path to economic recovery will be bumpy and varied.
We think stocks will continue to churn and move sideways over the next several months.
Investors will have to be increasingly selective about finding opportunities.
Stocks bounced back due to many factors, including strong retail sales.