Hyman, Stattman On What To Expect In 2013

Two top strategists — ISI Group’s Ed Hyman (who has long been ranked Wall Street’s top analyst) and Blackrock fund manager Dennis Stattman — are sounding somewhat bullish on stocks heading into 2013. Hyman tells WealthTrack’s Consuelo Mack that a slowly improving economy, low interest rate environment, and incredibly stimulative global monetary policy landscape are all creating a bullish picture for stocks. He sees risks, including the coming debt ceiling debate, but he thinks stocks and the economy will do better than many think in the first quarter. Stattman, meanwhile, sees several risks in the market, including potentially unsustainable profit margins. But he thinks that a multi-year housing sector tailwind is developing for the economy, and that globally, valuations and dividend yields are high, which should help stocks.


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