Reported 5 days ago
Megan Horneman, CIO of Verdence Capital Advisors, cautions that investors are too hopeful about a smooth economic transition, highlighting concerns over consumer spending and high credit card debt. She predicts a potential drop of 7% to 10% in equity markets, attributing this to a lack of confidence in earnings forecasts and suggesting investors maintain liquidity for future opportunities amid an uncertain economic outlook.
Source: YAHOO