Clues and commentaries on the global prospects for stocks, bonds and alternatives.
Selected Document
A Shift in Perceptions
ClearBridge | October 6,2015

Hersh Cohen offers perspective on issues affecting the equity market

  • The decision by the Fed to NOT raise rates was greeted by fear of global weakness.
  • The stock market has not been selective in its recent decline.
  • The dividend yield on stocks is now higher than the yield on 10-year Treasury notes-a rare occurrence.
  • Unlike earlier quarters this year when earnings optimism reigned, expectations are now low. Therefore, we expect the fourth quarter to see an abatement of selling pressure.