We are continuing to closely watch as the economy re-opens and things continue to return to normal. The key points for June’s market update are:
- We are confident earnings will continue to rise significantly given the strength of the economy, and that valuations will gradually return to more reasonable levels.
- Earnings continue to rise and with rates remaining relatively low, we believe investors will continue to pay up for stocks and that valuation levels will likely remain above historical averages.
- Our perspective is that the above-average valuation levels will bode well for higher stock prices moving forward.
Click the video above to watch the full update. We hope you find this video educational and informative. If you have any questions, please reach out to your advisor. As always, thank you for putting your trust in the Merit team.