Gundlach Says Now is the Time for Caution

In a phone interview with Bloomberg earlier this month, Jeffrey Gundlach said, “This is not the time period where you say, ‘I can buy anything and not worry about the risk of it’ The time to do that was 18 months ago.” The DoubleLine Capital LP co-founder and CEO, the article says, “sees too much of a good thing—and he wants no part of it.” He views risky assets such as junk bonds and emerging-market debt as overvalued, and shares the opinion of Oaktree’s Howard Marks that the markets have become too bullish. Gundlach told Bloomberg that he wants to […]

Jeremy Siegel is Bullish on Stocks

Wharton finance professor Jeremy Siegel remains bullish notwithstanding others’ concerns regarding “the market’s potential reliance on Trump’s tax- and regulation-cutting agenda,” according to a recent CNBC interview. “What has driven the market further up has been the great earnings season that we had in the first quarter,” says Siegel, adding, “It was the best guidance, forward guidance, that I had heard in many, many years.” This, along with global growth, greater stability in China, a lower dollar and a dovish Fed, Siegel is optimistic even in the face of a stalled Trump agenda. That said, he also feels confident that […]

Tepper Likes the Market’s Economic Backdrop

In a recent CNBC interview, Appaloosa’s David Tepper said that while stocks are not “really cheap,’” current economic conditions provide a solid backbone for the market. “Listen,” Tepper argued, “it’s hard to go short when you still have the drugs being given.” The hedge fund manager emphasized the importance of reduced regulation, a “cornerstone of President Trump’s platform.” On the other hand, he argued, the new administration’s stance on immigration is “dangerous.” Regarding interest rates, Tepper asserted in the interview that the Fed is “way low where they should be,” but believes that rising rates shouldn’t threat businesses or the […]

The “Wizard of Wharton” Looks Ahead

In a recent interview with ThinkAdvisor, finance professor (and senior investment strategy advisor to Wisdom Tree Investments)  Jeremy Siegel shares his view on a host of issues affecting current market conditions: Presidential election: The stock market would be “a little more comfortable with a Clinton victory, but they don’t love her at all.” With regard to a Trump win, “In the short run, there would be some negatives. But in the long run, I don’t think so.” Biggest threat to the markets now and in 2017: The threat of terrorism and/or a potential foreign policy crisis if Trump gets elected. […]