Cash flow generation in the US is weaker than earlier in the business cycle, credit growth in China is slowing and valuations are close to the top 5% of observations in history. With the market very expensive, I believe it’s a time for caution, not exuberance.
Recorded April 2017
Follow MFS on LinkedIn: https://www.linkedin.com/company/5318
Follow MFS on Facebook: https://www.facebook.com/followMFS
Follow MFS on Twitter: https://twitter.com/followmfs
Continue reading at MFS Investment Management - Market Insights (via YouTube) →