Home Breadcrumb caret Investments Breadcrumb caret Market Insights Winter didn’t freeze U.S. equities American equities are no longer cheap. By Staff | April 15, 2014 | Last updated on April 15, 2014 1 min read This winter, U.S. economic growth was sluggish due to harsh weather patterns that affected consumer spending. But the country’s equity markets kept rising, says Luc de la Durantaye, first vice president of global asset allocation and currency management at CIBC Asset Management. He manages the Renaissance Optimal Inflation Opportunities Portfolio. Read: U.S. companies expect lower earnings Can markets weather winter weather? Going forward, he adds, “We’re going to start seeing stronger [economic] numbers,” according to the U.S. Federal Reserve. Riskier assets may take a hit due to market volatility and a back up in yield, but equity markets won’t slow. So you should help clients search for opportunities throughout the year, says de la Durantaye. Read: Why to be bullish on financials Also tell investors they need to consider that “at [more than] 16 times earnings, the U.S. equity market is no longer cheap,” he adds. “We [have] less of a bullish stance on U.S. equities [since] it’s time to look elsewhere for growth.” Also read: Look beyond North American equities Look under the hood Should clients invest in Canada? 4 market myths dispelled Trends to watch in 2014 Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo