“For the stock market, 2015 is beginning to remind us of 2011‐ a lot of volatility and not much direction. Stocks are facing many headwinds, including, valuation, a tepid economic backdrop, suspicious corporate earnings growth, and the double edged swords of lower energy prices and a stronger dollar. These concerns could provide the backdrop for 2011‐like market action, but the bulls still have the “no alternative to stocks” reality on their side.”
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