2017 Q3: Are we at the top?
Global Stock markets have extended the bull market run nine months into 2017. Bonds and real estate funds produced only modest returns. As we pen this letter every three months, we try to write to the issues we think are most on our clients’ minds. A common concern we hear is that the markets seems high, the bull market has had a very long run, there is lots of uncertainty in the world (political and otherwise) and, well, “when is this going to end?” The question of the hour is, “are we at a top?”.
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