International
The world breathlessly waits for the Trump administration to show it's hand. But we believe the global economy will likely grow at a faster rate in 2017 than in 2016.
Central bankers are calling for more stimulative fiscal policy, while holding rates close to historic lows. Inflation is being ushered back into the global economy.
Opportunities are rising in emerging economies producing basic commodities, especially metals. Some of these markets are very reasonably priced and may do well even if the U.S. dollar continues to strengthen. New pro-business governments in Peru, Argentina and other nations should be good for their stock markets. An end to austerity and lower taxes should mean stronger economies in many countries, even in Western Europe.
We believe trade negotiations will be fruitful for the United States and a trade war is unlikely. If evidence of this becomes clearer, emerging markets such as Russia and Indonesia could experience a strong Relief Rally.
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Positives |
Negatives |
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The global economy is growing faster |
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Migration issues stress European economies |
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Growing number of new pro-business countries |
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Federal Reserve Bank (Fed) raising rates could scare emerging markets |
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Europe moving away from austerity |
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China slowdown a drag on global growth |
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Many commodity producers are cheap |
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The views and opinions expressed are those of James Investment Research, Inc.
This information is of a general nature and does not constitute financial advice. It does not take into account your individual financial situation, objectives or needs, and should not be relied upon as a substitute for financial or other professional advice to assess, among other things, whether any such information is appropriate for you and/or applicable to your particular circumstances. In addition, this does not constitute an offer to sell, or the solicitation of an offer to buy, any financial product, service or program. The information contained herein is based on public information we believe to be reliable, but its accuracy is not guaranteed.
Investing involves risks, including loss of principal.
Past performance is no guarantee of future results.
The James Advantage Funds are distributed by ALPS Distributors, Inc. 1290 Broadway, Ste. 1100, Denver, CO 80203 (Member FINRA). ALPS is not affiliated with James Investment Research, Inc.
S&P 500 refers to the Standard and Poor’s 500® Index with dividends reinvested. It generally represents the aggregate price changes in the largest 500 publicly traded companies. One cannot invest directly in an index.
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