Rosenberg: Economy Picking Up Steam

The often-gloomy David Rosenberg of Gluskin Sheff says the June jobs report looks pretty strong, and indicates consumer spending should be strong through the summer months. Rosenberg says that in addition to the solid jobs-added number, the report also showed that income was up the most since February, and year-over-year wage growth was about 2.5% despite little or no overall inflation, showing “organic, real” purchasing power gains. He also says the Federal Reserve shouldn’t lower… Read More

Rosenberg: Good News Behind Jobs Numbers

The often-bearish economist David Rosenberg is actually seeing some bright spots for the U.S. economy. Rosenberg tells Yahoo!Finance’s Daily Ticker that labor demand is rising, and firings are at an all-time low. Hiring has been weak, he says, because of a lack of skilled workers to take the job openings. Average work weeks and weekly earnings are increasing, he says, good news for those who have jobs. He thinks it could be the start of… Read More

Rosenberg Doubtful Of Housing Recovery’s Legs

The U.S. housing recovery has encouraged many investors in recent months, but Gluskin Sheff & Associates Chief Economist David Rosenberg isn’t sure the rebound has legs. Rosenberg tells CNBC that, while “we’ve certainly had a housing recovery,” the recovery has been in large part a result of housing starts — which plummeted during the Great Recession — catching up to underlying demographic demand. To keep improving, Rosenberg says more first-time buyers need to be involved.… Read More

Rosenberg on the “Great Rotation” Myth

Many have said that the influx of money into bonds in recent years means a “Great Rotation” could occur — in which money pours back into stocks as investors’ risk appetites increase — and give stocks a big boost. But in a recent client note, Gluskin Sheff’s David Rosenberg says that thinking is way off base. “Our own empirical research points to little more than a marginal statistically significant relationship between the general public’s appetite… Read More

Rosenberg: Put Cash to Work in 2013

The often gloomy David Rosenberg of Gluskin Sheff + Associates says 2013 is a year for investors to put their cash to work. Rosenberg still sees anemic growth for the United States and isn’t too optimistic on corporate profits, but he also thinks the Federal Reserve’s policies are making cash a bad place to be, according to Canada’s Globe and Mail. Rosenberg likes “corporate bonds and credit arbitrage plays over a large swath of U.S.… Read More

Lee and Rosenberg Square off on Stocks

Thomas Lee, chief U.S. equity strategist at JPMorgan Chase, and David Rosenberg, chief economist and strategist at Gluskin Sheff & Associates, went head-to-head recently on Bloomberg in discussing their differing opinions on where the stock market is headed. Lee is more bullish than Rosenberg, saying that history has shown that when the equity risk premium is high — which it is right now — stocks still tend to do well even if the economy isn’t… Read More

Gloomy Rosenberg Sees Hopeful Sign for Stocks

Top analyst David Rosenberg has been very bearish on the U.S. economy, and he hasn’t changed that stance. But he is seeing a ray of hope for stocks. “My fundamental view on the U.S. stock market hasn’t changed either — we are still in a bear market, marked by tremendous volatility,” Rosenberg writes for Canada’s Globe and Mail. “You can’t overlook the fact that the 18-per-cent rebound that has occurred since October came on the… Read More

Biggs, Fisher, Birinyi Still Bullish

Several top strategists are saying that investors should stick with stocks as the bull market enters its third year. Among them: hedge fund guru Barton Biggs. “I don’t think valuations are stretched,” Biggs told Canada’s Financial Post. “The next move in the S&P 500 is more likely to be up than down, and that move could be 10% to 15%.” Laszlo Birinyi also remains bullish, saying that investors who have missed the first big wave… Read More

Where Do We Go from Here? Sonders, Yardeni & Others Weigh In

With the market continuing to surge, SmartMoney.com recently surveyed a number of top strategists to see just how much room they think stocks have to run, and found a good deal of optimism that was tempered by caution. Among the strategists: Charles Schwab Chief Investment Strategist Liz Ann Sonders; Yardeni Research President Ed Yardeni; and Bespoke Investment Group Founder Paul Hickey. Here’s a sampling of what they had to say: Sonders: “The train has been… Read More