Looking Forward

The S&P closed at 1906, right at a major technical point. The market is now trading at 15 times 2015 earnings. Granite Group believes this level would be a good entry point for long term investors. If the S&P were to close below 1900 that would spark concern from a technical perspective only. We want to be clear that we are not calling a bottom, but we believe that valuations are now more favorable. Earning season has begun, and with decent earning reports coming in, this could be the catalyst to move markets away from headlines and start moving higher into the year end.

You can follow Granite Group Advisors on LinkedIn and learn more about our Corporate Retirement Services and Wealth Management on our  Website.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: