Market Perspectives - July 2013

2013 midyear outlook: Time to change your focus?

The bottom line

Investors can be led astray by many distractions. When it comes to making sound investment decisions, headlines flashing today’s crisis or craze do not help. Instead, stepping back and revising your perspective on risks and opportunities could be healthy as we go into the second half of 2013. Keep in mind that some of the risks you see may be a figment of your imagination. By the same token, some opportunities you identify may turn out to be pie-in-the-sky dreams. For these reasons, we urge you to stay broadly diversified as you change your focus from betting everything on cash or betting everything on growth. The rest of the year may disappoint investors hoping for economic growth, but it may surprise those who aren’t alert to the resiliency of corporate profits.



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