Wednesday, September 18, 2013

It’s 2010 All Over Again, Avoid Stocks Linked to U.S. Consumption

Two years after protesters camped out in lower Manhattan for the Occupy Wall Street movement, it could be argued that very little has changed. In fact, the S&P 500 is within one percent of its record high amidst a backdrop of mixed and largely uninspiring economic data.
Sound familiar?
You bet it does, says Russ Koesterich, chief investment strategist at Blackrock, in the attached video.
"In some ways we're still in the same environment we've been in since 2010," he says, pointing to an economy that's getting better at a very slow pace, an uneven recovery, and consumers who are still struggling with a little too much debt and weak income growth. (more)
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