Former Legg Mason manager, slammed in crisis, sees holdings surge 120%.
Tag: S&P 500
But then he expects a rebound that will send the market up again in the second half.
A so-so economy, low earnings growth, an un-inverted yield curve, and a stand-pat Fed are part of the mix for a ho-hum year.
Liquid alternative investments let you cash out, but what will happen in the next market panic?
Similar downbeat predictions about Obama and Trump came to naught, strategists point out.
Contrast the current situation with year-end 2018’s lousy showing.
A 1% reduction is taking shape, with most companies already reporting, and things could’ve been worse.