Schwab Strategists: Rally Will Hold

Two top Charles Schwab strategists — Chief Investment Officer Jeff Mortimer and Portfolio Manager Paul Alan Davis — said today that the current rally is for real, and that long-term investors should be putting money into equities. Mortimer tells Yahoo! TechTicker that the March 9 low had fundamentals similar to those of the 1974 and 1982 bear market lows, and says he thinks the bulls will continue to run. For those who didn’t catch the… Read More

Schwab’s Sonders Sees Positives in Market, but Slow Recession Recovery

Charles Schwab Chief Investment Strategist Liz Ann Sonders, who has been pretty cautious in recent months, offered a positive perspective on the market this morning. Sonders told Yahoo! TechTicker’s Aaron Task that — while neither she nor anyone else knows if stocks have bottomed — we are at least seeing several signs typical of the end of a bear market. Among those signs, Sonders says, are all-time high cash levels in 401k accounts; treasury yields… Read More

Schwab CIO: Bounce Will Be Big — Don’t Miss It

Jeff Mortimer, chief investment officer of Charles Schwab’s mutual fund division, tells Fortune that the coming turnaround in the stock market will be a big one, and that investors should be building their positions now. Mortimer says that 47 percent of bull market gains usually come in the first 12 months, before many investors have summoned the courage to dive back into the market. Be aware that he doesn’t think we’re out of the woods… Read More