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Portfolio > Economy & Markets

Behind the Numbers with Jeffrey Kleintop

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We expect the economy and  markets will stay on the course for growth in 2010. We are maintaing our forecasts for the year, which include: The U.S. economy will grow between 3% and 4%, with growth slowing in the second half of the year to a below average of 2% and 3%; stocks post modest single-digit gains on solid earnings growth, accompanied by high volatility; bonds post flat-to-mid single-digit gains as rates begin slowly to rise. Volatility will remain elevated, presenting risks to be side-stepped, as well as potential opportunities. Investors may benefit from a tactical approach to investing in the latter half of 2010 in order to find attractive opportunities when offered and successfully take profits when appropriate.