|
ASSET CLASS |
H.I.A. OUTLOOK |
COMMENT |
|
Real Estate Investment Trusts |
Negative |
Residential and commercial real estate suffering from over-supply. |
|
Commodities |
Neutral |
Weak demand globally, even China. |
|
Bonds |
Neutral |
Treasuries are expensive but high quality corporate and municipals are attractive. |
|
Foreign Stocks |
Negative |
Export- and commodity-based markets punished by falling demand. Weakening US$ provides small offset later. |
|
U. S. Stocks |
Positive |
Fairly valued; should move higher before foreign stocks |
Mar 31st
