The Morningstar US Market Index finished 2018 with a 5% loss. The median stock in our global coverage universe traded at a 14% discount to our fair value estimate at year’s end.
"From a bottom-up perspective, global equities are beginning to look attractive," notes Dan Rohr, Morningstar's director of equity research for North America, in his quarter-end wrap-up.
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Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.