May 2024 | Due to factors, including significant stimulus and hopes over artificial intelligence, a handful of the top US stocks are experiencing significantly high valuations. While US investors should continue to have exposure to domestic stocks, the outlook for international stocks appears to be improving. With global valuations unjustifiably low, a potential recession ahead, and top US stocks currently posting excessive valuations, investors may wish to consider expanding the global reach of their portfolios to opportunities in Europe and Asia.
01 | We believe the US economy is positioned to experience a prolonged slowdown and possibly a recession.
02 | US equity markets appear expensive relative to other markets and to their own history.
03 | With inflationary pressures likely to remain higher for longer, investors may be able to benefit from expanding the global reach of their portfolios.
Unless otherwise stated, all information contained in this document is from Amundi Asset Management as of May 9, 2024 . Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the [author] and not necessarily Amundi Asset Management and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product or service. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not indicative of future results. Amundi US is the US business of Amundi Asset Management.
