Clues and commentaries on the global prospects for stocks, bonds and alternatives.
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Conflicting Signals
ClearBridge | January 6,2016

Hersh Cohen offers perspective on issues affecting the equity market

  • We are of the opinion that the collapse in oil prices, while benefitting consumers, is creating havoc in too many industries; and that the single most important factor in helping the markets to stabilize is stability in oil prices.
  • The strong dollar, coupled with weakness in so many other countries, makes revenue growth from usual sources very difficult.
  • While we cannot rule out further pain for many stocks, it seems that quite a lot of negative earnings and revenue disappointments have been priced in; based on comparative valuations, stocks remain the asset category of choice for longer term returns.
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