And what investors frequently overlook is that the US monetary expansion will be for six straight years now and the US bull market will also be more than six year old. The economy is weakening though, the job market is strengthening somewhat, but that's a lagging indicator. It is only the low-paying jobs which are essentially replacing high-paying jobs. The other economic indicators are mostly disappointing. And given the strength of a strong US dollar, I don't think the US Fed will be keen to increase interest rates. Hence, my expectation is of no interest rate increase by the US Federal Reserve for this year.
