21 ordspråk av David Thwaites
David Thwaites
There's relief that there hasn't been any particularly bad news out of the United States, but the focus remains on earnings, both there and in Europe.
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We think the Fed will probably move in the summer, in the third quarter.
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We've seen a sharp sell-off, bond markets have risen strongly, equity markets have basically collapsed very, very quickly.
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We've still got worries about corporate earnings and I think that's going to be the case for a couple of months yet.
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You really want to take advantage of the U.S. recovery. Technology, telecom and consumer cyclical stock would be the best investments.
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You've basically got steady growth, inflation is not a problem. With the exception of the UK where interest rates are going up, generally you don't have interest rate worries. But I think the markets in Europe, led by Wall Street and the U.S. bond market had gone too far too fast--a correction was needed.
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