Here's Why I'm Valuing Value Over Growth

It is hard to believe the last day of July is already here. It means we are a month away from football season and squarely in the dog days of summer throughout a good portion of the country. It is a time of year the market sees low volume as a good portion of Wall Street spends most of August in the Hamptons or at other retreats. It is a lackadaisical time before September and October, historically two of the most volatile months of the year for investors.

I have several concerns around this market, which is trading near its all-time highs after eight years now of a bull market. Prospects for a tax reform measure and an infrastructure spending package that together have been key drivers of the rally since the November election look increasingly shaky. The repeated failure of Republicans to repeal and replace the Affordable Care Act after clamoring seven years for such a change does not bode well for these other efforts. With Democratic opposition united, it is hard for me to see any kind of substantial tax reform passing. At best, we may see some marginal tax cuts that will do little to boost long-term economic growth....330 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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