Concerns over strength of US dollar

North America is set for a cyclical recovery but valuations in the North American markets appear excessive as opposed to other countries and there are fears of interest rate rises and concerns about the weakness in the dollar. It is also generally expected Canada will do less well than the US. Tom Elliott, strategist at Fleming, says: "The North American stock markets will probably go up, but the continued uncertainty of the dollar will hit stock market returns. It is likely the US will underperform other markets." His opinion that North America is likely to under perform other mark...