“So far the markets are off to the best start in almost 20 years,” said Nate White, Paragon’s Chief Investment Officer, on Paragon TV.
Provo, Utah (PRWEB) February 02, 2012
Paragon Wealth Management’s investment advisers gave a stock market recap yesterday on Paragon TV of the activity in January and their thoughts going forward in February.
“So far the markets are off to the best start in almost 20 years,” said Nate White, Paragon’s Chief Investment Officer, on Paragon TV. “The things that did the worst last year like materials, emerging markets, etc. are doing well this year. The things did the best last year like dividends stocks, utilities, staples have done the worst this year.”
White and Young, president and founder of Paragon, give a brief stock market update at the beginning of each month and post it on their blog, Money Managers Live, http://www.moneymanagerslive.com. They discuss their thoughts on the past month and what they see going forward for the market.
“So far the momentum seems to be up,” said White in the Paragon TV interview. “Corporate earnings growth will slow as the year progresses on a relative basis, with growth possibly being around six to seven percent.”
White said at current levels the market is not expensive by historical standards. If fears over Europe recede and confidence returns the market could return to more normal valuation levels which could propel the markets 10 to 15 percent higher surprising many.
White and Young also discussed how Europe is doing so far this year and how the upcoming election could affect the stock market.
“Historically an election year has been good for the market,” said White. “It could introduce some uncertainty as we get closer to the election depending where the market has moved ahead of that. It is an unknown factor right now.”
Visit Paragon’s blog, Money Managers Live, moneymanagerslive.com, to watch the full interview.
About Paragon Wealth Management
Paragon Wealth Management is a registered investment advisor (RIA) in Utah that actively manages all types of traditional and retirement accounts such as IRA and 401(K) rollovers, and pensions and trusts. Paragon has received numerous awards such as the Best of State award in Investment Advisory Services in 2011, and the NABCAP Premier Advisor award in 2010. Paragon has also been recognized on several lists such as WealthManagerWeb's Top Wealth Manager's list in the U.S. in 2010 and others. Call 800-748-4451 or visit http://www.paragonwealth.com for more information.
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