Recommendations
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For Business Executives |
For Investors |
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Prepare for potentially lower taxes |
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Plan on stronger dollar:
- Import prices should fall
- Export growth to slow
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Potential for overall growth to improve:
- Borrow while rates are low
- Emphasize U.S. facilities
- Overall growth likely to improve
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The Year of Transition |
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Key: being nimble |
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Domestic Stocks:
- Expensive valuations problematic for indexing
- Smaller stocks better bargains
- Bargain/active investing likely to improve
- Overweight: financial, telecoms, discretionary sectors
- Underweight: electric utilities and certain basic material stocks
- Precious metals not as compelling
- Market vulnerable to negative surprises
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Bonds:
- Fed rate hikes likely
- Inflation to pick up slightly
- Expect more bond volatility
- Utilize ladder approach: diversify across maturities
- Select municipal bonds attractive
- TIPS and floating rates may offer opportunities
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Foreign Investments:
- Favor pro-growth countries, especially commodity producers like Australia, Argentina and Peru
- Lower taxes could benefit certain Western European countries
- Wildcards: successful trade negotiations would benefit Russian and Indonesian stocks
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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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