With international equities experiencing a rebound, it seems that patience with globally diversified portfolios is paying off. Jim McDonald assesses the current situation with an eye to the future. Investors in U.S. stocks are nervously watching to see what effect the impending rise in the federal funds rate will have. The Chief Investment Officer at BlackRock, Russ Koesterich, advises those who fear this will mean the end of the bull market. For anyone approaching retirement, the most pressing concern may be keeping health care costs down. Kiplinger offers advice on how to take advantage of Medicare while avoiding costly pitfalls.

Perspective On Global Markets– Financial market returns have been reasonably strong so far this year, led by European, Japanese and Chinese equities. After underperforming in recent years, the rebound in international equities is a welcome reminder of the benefit of a globally diversified portfolio.  If history is any guide, a moderate rise in the Fed funds rate that’s in line with market expectations and is done concurrent with solid economic growth should be absorbed by the markets.  Jim McDonald of Northern Trust apprises the current market and economic outlook across an array of topics including: US, European and Asian markets, global real estate and commodities. Read more…

What A Rate Hike May Mean For Stocks– By the end of the year, investors will likely be contending with the first Federal Reserve rate hike in nearly a decade.  While the pace of monetary tightening is likely to be gradual, more than a few investors are worried about the equity impact of any marginal tightening, believing that the entire edifice of today’s bull market has been built on a foundation of cheap money.  Russ Koesterich, Chief Investment Officers at BlackRock, agrees with the view that monetary policy has been one of the principal catalysts and sustainers of this bull market.  He is skeptical that an initial rate hike will herald the end of the rally, though history does suggest that it could result in a modest correction. Read more…

5 Common Medicare Mistakes To Avoid–  Medicare will cover a significant portion of your health-care costs, but it’s not free. It’s complicated, too. Kiplinger summarizes some common mistakes to avoid. Read more…

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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller

Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles