According to Riverfront Investment Group, “The good news is that in contrast [to Europe], the U.S. economy is turning slowly. For the first time in 35 years, manufacturing employment is increasing faster than non-manufacturing employment.”
But while the United States is in recovery, Europe is in what could be a long-term recession. S&P’s Global Markets says, “The United Kingdom and others have yet to get to the halfway mark. Europe has not come to terms with the financial dimensions of its debt challenge.” And in Japan, the yen is “weighed down by weak economic data and more activism.”
With the U.S. economy faring better than most in the world, it is appropriate to scale back in global securities. Banks and financial institutions with large interbank loans and credits should be sold, and manufacturers who depend on foreign sales, especially to Europe and Japan, should either be sold or closely reviewed for potential risks.
Here is our list of stocks to sell in March: