“
“If it were a hedge fund and I had a six-week outlook, it would be very prudent here … But if we look beyond the following year, all those risks fade.”
”
This is Credit Suisse equity strategist in the United States, Jonathan Golub, in an interview with Bloomberg TV on Thursday, which rose lower next year thanks to the “largest stimulus plan ever known to the home ”.
And what is this plan, exactly?
The reopening of the global economy, which, according to Golub, will send a bullish load through the stock market and help drive two “obscenely cheap” sectors, in particular: health care and financial care.
“These will be your two best sectors next year,” he said, adding that the backdrop of investors is “extremely positive”. Watch the full interview:
“Extremely positive” might be exaggerating what investors saw in Thursday’s trading action, but nonetheless, stocks advanced very well, with the DIA Jones Industrial Average DJIA,
up to three digits. The S&P 500 SPX,
and the Nasdaq Composite COMP complex
they were also in rally mode.