“We’re going to have to deal with a lower rate of global growth, particularly out of Europe, but I think it does benefit the U.S.,” he said. “We are in a little bit of a better shape and fantastic earnings in [America].”
In the meantime, Caughey forecasts a 11 to 14 percent increase in the markets by year-end.
“Because we had problems in 2008 and 2009, our corporations are lean and mean and they are ready for a lower growth environment,” she said. “This year is showing that these companies can still come up with earnings and that’s what we’re looking at.” Read more
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