Reported 12 months ago
Ned Davis Research chief US strategist Ed Clissold discusses recent economic data, reflects on the first half of the year, and makes market predictions. Clissold believes that while earnings expectations may be overly optimistic for the second half of the year, a recession is unlikely. He notes that a slight pullback in the market is possible due to high market participation, but it is more likely to be a small correction rather than a bear market. Clissold also mentions that stock valuations are slightly stretched, and investors should consider relative valuations between stocks and bonds as a potential risk factor. While tech mega caps have been driving the market, growth stocks are expected to continue performing well in a modest economic growth environment.
Source: YAHOO