As long as rates are in ultra-low territory (as they are, even after four Fed hikes), the incentives to buy stocks remain well intact. The inflation data is not hot (by any means), but not too far from target levels for major central banks. Growth is not hot (by any means), but not too far off of best levels of the past decade. In fact, in January I wrote this piece: European Stocks May Be The Positive Surprise Of 2017. Anyone that’s fearing valuation in U.S. stocks shouldn’t be moving to cash, they should be moving to these other spots of the world that have been lagging.

Source: Forbes July 19, 2017 13:41 UTC