Now, with about the most robust labour market in a few generations, the market is still ploughing ahead.
Not many other ways to say "remain invested" than that.
Europe
With the attention mostly on the Us and the magnificent 7 (i.e. NVDA) hogging all the spotlight many have missed what's going on in Europe. Absolute carnage over there.
Kidding, the main Index is tracking 11 straight weeks of gains. I'm trying to minimise the number of graphics I use in these notes but imagine an ETF called ESTX which is the Eurostoxx 50 managed by my buddies at Global X which is tracking straight up and there you have it.
Specifically, if you're still searching for value then European Financials might be the way forward. The latest podcast by Morgan Stanley takes the best parts of the recent European Financials Conference by their Euro guys on the ground.
They say this on wealth: "Wealth may not recover already in Q1. But as the confidence builds up, we definitely expect inflows to pick up in the second half, both in quantity and margin....We continue to be positive in the sector. Look, the valuation is depressed. The multiples, the PE multiples on six times. Historically it's been much closer to double-digit. We think recovering PMIs should help re-rate that multiple."
So if it's the European Financials ETF you're after then you need to travel overseas for iShares MSCI Europe Financials ETF EUFN. And yes it's trading on a lower P/E than usual with a dividend to keep you warm at night waiting on those PMis.
Gold
Don't sleep on gold. Biggest fund inflows since May last year.