Two Top Strategists Cautious on Economy, Bullish on Stocks

In the latest edition of Consuelo Mack’s WealthTrack, two top strategists — Blackrock Global Allocation Fund’s Dennis Stattman and ISI Group’s Ed Hyman — offered their takes on the economy and stock market. Both Stattman and Hyman say they have significant concerns about the U.S. economy, but both are bullish on stocks. Stattman, whose fund has a strong long-term track record, says U.S. stocks are “quite reasonably priced”, and says that for the first time in many years the fund is not below its benchmark weight in U.S. equities. Overall, he says the fund has its highest equity exposure since 2004 or 2005. He and Hyman both also talk about the U.S. dollar and the bond market.

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