Stocks continued to climb during the second quarter as a Fed rate hike, valuation concerns, and a fluid political landscape in the U.S. didn't dent the market as investors focused on the potential for tax reform and growth. The broad-based Morningstar US Market Index rose 3.1% in the quarter and has risen over 9% year to date.
Morningstar's analysts have provided an in-depth review and outlooks across equity sector, fund categories, and the broader economy. Their takes are below along with quarter-end fund category and index data.
Morningstar's Quarter-End CoverageStock Market Outlook Equity Valuations Look Lofty
It's getting harder to find undervalued stocks with so much optimism factored into stock prices.
Midyear Economic Forecast: Lower Inflation, Slow Growth
Core inflation is likely to fall in the range of 1.8% to 2.0%, with GDP growth between 1.75% and 2%, says Morningstar's Bob Johnson.
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