Reported about 1 month ago
During a recent discussion on Yahoo Finance, NFJ Investment Group's Burns McKinney highlighted the current strength of market indexes and the Federal Reserve's potential interest rate cuts, creating a favorable environment for equities. However, he cautioned against overly optimistic growth expectations, pointing out that the S&P's high price-to-earnings ratio reflects aggressive market assumptions, suggesting that while positive returns are anticipated, investors should remain cautious.
Source: YAHOO