US Stocks Will Continue to Rally says Charles Stanley

Think US stocks are overvalued? If you cash in your position now you'll be missing out on further gains says wealth manager Charles Stanley

Karen Kwok 22 June, 2017 | 4:13PM
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Are US stocks too expensive? On many valuation metrics, yes. The S&P 500 has climbed from a low of 683 on March 6 2009 to a whopping 2,439 today – far surpassing the pre-recession high of 1,562. This year alone the index has risen 8%, pushed higher in particular by tech stocks. Technology stocks’ rise has also boosted the NASDAQ index, up 14.7% year to date.

Many asset managers – including Henderson’s Luke Newman just this week – have called the top of the US stock market, compelling investors to take gains and reallocate to more attractively valued regions, such as Europe or emerging markets.

Garry White, chief market commentator at Charles Stanley, and his peers remain happy investors in US equities. They believe the US equities rally is not over yet and tech stocks are not expensive.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Alphabet Inc A2,840.03 USD0.00Rating Inc3,389.79 USD0.00Rating
Apple Inc161.84 USD0.00Rating
Facebook Inc A306.84 USD0.00Rating
Federated Hermes US Smid Eq R EUR Acc6.44 EUR2.63Rating
Microsoft Corp323.01 USD0.00Rating

About Author

Karen Kwok

Karen Kwok  is a Reporter for