That’s the word to investors from market professionals, who point to increasing global uncertainties and volatility that is expected to rise over the rest of the year. Many international markets, by contrast, are now cheaper and could make for a good portfolio hedge, Mr. Timmer says. “Earnings are recovering as well or better in international markets than they are in the U.S.,” Mr. Timmer says. With that in mind, he says, investors should position their portfolios for more-measured gains in stocks rather than expecting markets to move sharply. In addition, core U.S. inflation is likely to rise gradually, so Treasury inflation-protected securities can offer investors some “insurance” in their portfolio, Mr. Rosenberg says.

Source: Wall Street Journal July 19, 2017 13:41 UTC