The stock market remains very bullish on the economy, but the bond market is telling investors to be cautious.
May was the worst month in over a year for flows to U.S. equities, while many core bond funds are receiving inflows as rising-rate concerns abate.
Equities aren't overvalued compared with cash and bonds, and probable earnings growth and central bank support should keep valuations afloat, says Nuveen's chief equity strategist.
It's unlikely we'll see the 6.5% long-run real returns of the past decades, but 4.0%-5.5% returns going forward shouldn't disappoint investors, says StockInvestor editor Matt Coffina.
When building a portfolio using broadly diversified ETFs from Vanguard or other shops, consider costs and allocation.
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