Bull Market Could End by 2019, Says Guggenheim’s Minerd

In a recent interview with Barron’s, Guggenheim managing partner Scott Minerd said he sees upside for U.S. stocks before a recession hits in late 2019 or 2020 that will “derail this mighty market and prove painful for bonds.” He is bullish on international stocks and active management, particularly in fixed income. Here are some highlights from the interview: Valuation is “poor timing tool” says Minerd. “Looking at corporate credit and high yield, valuations are rich.… Read More