FYI: In light of this year’s rally and the rate of economic growth that we expect ahead, we now think that U.S. equities are fairly valued, and the pace of market appreciation is likely to slow.
Additionally, many of our favorite leading economic indicators (LEIs) are now suggesting a more cautious stance. While our base-case scenario is still constructive, we think downside risks have increased.
We are concerned the markets may have become too complacent. Though the U.S. stock market is near all-time highs, some of our favored economic indicators have weakened.
Regards,
Ted
https://www.etf.com/sections/etf-strategist-corner/income-etfs-slowing-growth
