First Eagle Global Fund’s Matthew McLennan says he’s finding markets expensive. McLennan tells WealthTrack that his fund has a cash position in the 20% range, because he’s having trouble finding stocks to be enthusiastic about.
Bond guru Bill Gross says he thinks economic growth will fall to 2% for the US, thanks to tumbling oil prices.
While many are touting the advantages the US has on the rest of the world right now, Wells Capital’s Jim Paulsen says that he’ll be underweighting US equities in the New Year.
Don’t believe the hype about falling oil prices being a bad sign. That’s what top economist David Rosenberg says.
The U.S. dollar has been red-hot lately, and some of the drivers behind its ascent may be in place for the longer term. That could mean good times for US small-cap stocks, Validea CEO John P. Reese writes in a recent column.
Goldman Sachs’ Abby Joseph Cohen says the improving economy makes for a bullish outlook for equities. Cohen tells Bloomberg Surveillance that with the economy growing at about 3% and corporate earnings growing in the high single digits, she thinks the S&P 500’s fair value will be about 2150 a year from now.
Top fund manager John W. Rogers Jr. says fears have become abundant again in the stock market — and that has him looking for bargains.