Money reports that following recent volatility, the market is the cheapest it has been in years. However, Lew Altfest says U.S. profit margins have peaked, making it harder to find value domestically. Instead he suggests looking to emerging markets. “China’s earnings have been not so great over the past 10 years,” says Lew. Room for growth and the Fed’s recent decision not to raise interest rates make China attractive. Read the full article here.

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