Billionaire investor Leon Cooperman says bonds, not stocks, are in a bubble
Converse STAR ALL STAR Converse ALL HI Bordeaux b52e1e3
FitFlop SUPERCUSH MUKLUK BOOTS ChestnutConverse ALL STAR CORE OX MarineAsh VICKY White / BrokenSuperga 2750 LAMEW Pink / Gold , Chinese Laundry COUNT DOWN Brown / Multi , FitFlop TASSEL BOW SNEAKERLOAFER All / black , FitFlop FF-LUX CHELSEA BOOT Black , Converse ALL STAR CORE OX WhiteConverse ALL STAR DAINTY CANVAS OX BlackAsh ALEX Coral / Yellow / TaupeSkechers GO WALK 4 GreyConverse CHUCK TAYLOR ALL STAR II - OX IndigoIrregular Choice LITTLE PEACHES Black / White , Vans SK8-Hi Estate / Blue / True / White , Onitsuka Tiger MEXICO 66 White / Blue / Red , Converse ALL STAR HI Anthracite , Converse Chuck Taylor All Star Ox Stone Wash PinkSuperga 2750 COTU CLASSIC Black , FitFlop 2 BAR MARY JANE TBC blackVans AUTHENTIC LO PRO Purple / ElectricParis Hilton SPELLED SATIN NaturalSkechers EZ FLEX 3.0 BEAUTIFY black , Irregular Choice LITTLE MISTY White , Art NEW YORK HI Camel , Teva TIRRA Black / Grey , Paris Hilton KEYSHA SUEDE RED / BrownChinese Laundry WORK IT OUT Silver / Glitter , Chinese Laundry VERY BEST Henna / Tan

my peace fm ghana news

Billionaire Leon Cooperman advised investors on Wednesday to stay away from bonds as they are in a bubble.

“My world is cash and stocks. I think bonds are the bubble, not stocks,” Cooperman told CNBC’s “Halftime Report.” He also noted investors should buy stocks they see as “fundamentally cheap” after a recent decline in equities.

Cooperman’s comments come after the benchmark 10-year note yield rose to 3.261 percent last week, its highest level since 2011. The sharp rise in rates spooked investors across the globe, with world equities falling sharply last week.

The Federal Reserve dropped its overnight interest rates to zero in the aftermath of the financial crisis as it tried to jumpstart the U.S. economy. This pushed yields down to historical lows, thus sending bond prices higher and to levels that some investors like Cooperman say reached bubble proportions. Now the Fed is reversing these policies by rising interest rates and trimming its balance sheet. The central bank has already hiked rates three times this year and is forecast to raise them once more before year-end.

Investors were worried that a rise in rates would lead to higher borrowing costs and thus slow down the global economy.

Cooperman, the CEO of Omega Advisors, said the market can handle higher interest rates, however, as there are no signs of a recession looming.

“The economy, if anything, is too strong,” Cooperman said. “The economy is on fire … The conditions that normally lead to a big decline just aren’t present.”

Cooperman’s comments come as U.S. stocks try to recover from a 4.1 percent decline last week amid worries about higher rates, tech valuations and fears of a global economic slowdown.

Police 883 Ankle Boot - Women Police 883 Ankle Boots online on YOOX United Kingdom - 11239193KJ , Giancarlo Paoli Ankle Boot - Women Giancarlo Paoli Ankle Boots online on YOOX United Kingdom - 11523218GE , Avec Modération Sandals - Women Avec Modération Sandals online on YOOX United Kingdom - 11340265JGJUNGLA 93498 FASHION LOAFERS FOR WOMEN , Irregular Choice ETERNALLY GRATEFUL Green / BlueOvye' By Cristina Lucchi Sneakers - Women Ovye' By Cristina Lucchi Sneakers online on YOOX United Kingdom - 11564808OR , Get It Ankle Boot - Women Get It Ankle Boots online on YOOX United Kingdom - 11337488WGANGEL INFANTES 31055s-angel Infantes ZAPATOS DE VESTIR PARA HOMBRE , Givenchy White & Black Urban Elastic Knot Sneakers Sneakers , MISS Reebok Black Fusion Flexweave Sneakers Elegant appearance , womens Valentino Black Rockstud Noir Sandals Charming design , mens/womens Jessica Simpson Randee Boots Excellent craftSPM NELSEA - Ankle boots Colour: blackMen/Women Salamander Trainers - black Shoes Rich designmens/womens Sanita Original Olesto Clogs & Mules Easy lifeman/woman HUB KYOTO - Trainers businessSalomon Sneakers - Men Salomon Sneakers online on YOOX United Kingdom - 11489787VO , Vans Sneakers - Men Vans Sneakers online on YOOX United Kingdom - 11477958MXSany Soffty® Slippers - Men Sany Soffty® Slippers online on YOOX United Kingdom - 11439113OI , Cafènoir Sandals - Women Cafènoir Sandals online on YOOX United Kingdom - 11406824AO2Star Sneakers - Women 2Star Sneakers online on YOOX United Kingdom - 11548681QW , Ash Sandals - Women Ash Sandals online on YOOX United Kingdom - 11368111FD , Roccobarocco Flip Flops - Women Roccobarocco Flip Flops online on YOOX United Kingdom - 11464207SWLeonardo Principi Boots - Women Leonardo Principi Boots online on YOOX United Kingdom - 11514617GW , Wild Diva Round Toe Heels SneakersIXaqd7oA Cole Haan Juliana Pump 75mmWomen's Black & White Kimberly Wedges German Outlets , ladies Tory Burch Denim Sandals Wedges special offer , WOMEN Miu Miu Sandals First in his class , Saint Laurent Multicolor Soft Calf Daisy Sneakers

But Cooperman thinks stocks will bounce back from this decline as they are fairly valued. He also noted the market can handle higher interest rates.

“My central view is the market will be higher than it is today at year-end,” he said. “We’re in a zone of fair value and it’s going to take a recession or a change in the Fed’s posture” to get us out of that.

Source link

Converse STAR ALL STAR Converse ALL HI Bordeaux b52e1e3 -

LEAVE A REPLY Cancel reply
Please enter your comment!
Please enter your name here

Converse STAR ALL STAR Converse ALL HI Bordeaux b52e1e3