Bernstein CIO Shares 2017 Outlook

Seth Masters, chief investment officer of Bernstein Private Wealth Management, shares his outlook for the coming year in a recent interview with Business Insider. Here are some highlights: Masters sees volatility ahead for the markets. With respect to the Dow, he says, “One implication of more volatility together with relatively slower growth in stocks is that you probably will see 20,000 hit multiple times, not just once.” Concerning the global economic outlook, Masters believes there… Read More

Dow Prediction is Getting Close

Back in 2012, when the Dow Jones Industrial Average was at 12500, Seth Masters of asset manager AllianceBernstein predicted that it would reach 20000 by the decade’s close. This according to Steven Russolillo in this month’s Wall Street Journal. Masters, who has a history of bold forecasts over his 26 years at the firm, told Russolillo that his prediction “hit a nerve” due to the pessimistic investor climate at the time–bonds had beaten stocks over… Read More