Investing in the Global Stock Market - What We're Watching

We recently down graded us. Equities to underweight, a shift that brings our global equity view to neutral. We think september and october will be a tricky period for markets, especially us equities. Our estimates have stocks in europe and japan returning about ten % more than stocks in the us. Meanwhile, while cash yields next to nothing, that's still higher than the lower returns my colleagues forecast for us. Stocks, government bonds or credit.