This is how the SPX is forecasted to perform while taking expected EURUSD exchange rates into account. This is an especially good time to go long for euro based investors.
Gold is forecasted to gain a little over 4 percent during the next 12 months with a target price of 1250. Coupled with modest to negative return outlook on SPX this might signal a rising uncertainty in the market.
European stock market is forecasted to grow slightly over the next 12 months. However, considering the amount of political and economic risks in the area I am not comfortable with investing in European equities at the moment.
TOPIX might be heading higher supported by cheap valuations relative to the US stock market and possible rotation from US equities. I personally am a little too uneasy about the Japanese economic risks to go long here but for a person that doesn't feel that way, this might be a good entry point.