It was an exciting week full of informative meetings and the honor of being named to Phoenix magazine’s Five Star Wealth Managers list for 2013.
Thanks for your support. Now, let’s take a look at a few things going on outside of the United States.
Japan and China
The Eurozone economy remains relatively stagnant, but signs of stabilization are widespread, including the improvement in manufacturing.
Increased competitiveness and current account surpluses in the periphery suggest that the worst of the recession has passed.
About two-thirds of the world’s largest 37 economies have seen their leading indicators rise over the past six months, led by Japan and other developed countries. (Fidelity Investments 8/2013)
Growth in developing countries has remained disappointing, particularly for economies that are closely tied to the deteriorating outlook for China’s growth or global commodity prices.
Underscoring the incremental improvement in many developed countries, the U.S. remains in a mid-cycle expansion while Germany has exited recession to join Japan in the early-cycle phase of recovery.
Growth investors may find it beneficial to look for value abroad while U.S. equity markets remain near highs. (My opinion; not a recommendation)
Fidelity Investments contributed to above.
I am truly honored to have been nominated and selected as one of the Five Star Wealth Managers in the Phoenix area for 2013 as named in the September issue of Phoenix magazine.
The select group includes less than 3 percent of wealth managers in our area and is based on meeting 10 criteria of credentials, experience, longevity and customer service. The award recipients do not pay a fee to be included.