US small and mid cap equities remain attractively valued on an historical basis, despite sharp gains since March, says T. Rowe Price's David Wagner.
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Today's market sentiment could not be much more different than it was seven months ago, when investors stared into the abyss.
Times are tough on Madison Avenue. As customers' sales slide, they cast around for quick budget savings.
The stock market has travelled a long way since staring into the abyss in February.
Neptune's Felix Wintle anticipates a Q4 US rally despite the market having moved up 50% since March.
Over the past few weeks, France, Germany and Japan reported GDP growth for the second quarter, which appears to indicate that they are now emerging out of recession.
Following significant fiscal and monetary stimulus, optimism regarding a US economic recovery is building with the change in Q3 2009 GDP expected to be a positive 2.2% following a 1% decline in Q2 2009 and a worse 6.4% contraction in Q1.
The S&P 500 has risen more than 40% since the lows witnessed earlier this year.
Despite frequent waves of negative news, there are several bullish trends emerging for the US economy and its stock market.