Regional Specialists Review August 2015
The impact from the harsh winter and port closures is largely behind us, yet energy sector weakness and the strong dollar, cautious consumers and businesses, and perhaps even the Puerto Rico near-default continue to hold the U.S. to a moderate pace. Japan, the UK and Europe seem to be marking time, breathing a sigh of relief that Chinese stocks have stabilized and Greece veered at the last minute in the high-stakes game of chicken (offering both sides the chance to win, though that's far from assured). China is growin' but slowin', and doing its best to maintain stability, both economically and (the-kind-that-should-not-be-named but, well, why not) politically and socially!
Meanwhile, markets are facing tepid earnings growth and, broadly speaking, no-longer-cheap prices. Definitely a tricky environment for investors, especially those that missed the recent six-year rally.