Howard Marks Says FANG Stocks Are Supporting a Bull Market
If we analyze the history of the stock market, we see that investors need to be cautious when prices are at elevated levels.
Bond yields are at a historic lower level, and emerging market bonds are yielding lower than high-yield bonds.
Marks advised investors to be cautious and look at low-risk investments to safeguard their returns from possible future losses.
In an interview with CNBC’s Halftime Report on August 10, Howard Marks shared his views on market valuation, risk in the market, and FANG stocks.
Omega Advisors chief executive officer Leon Cooperman has expressed a fervent faith in the technology sector—and in Alphabet, in particular.
Leon Cooperman, chief executive officer of Omega Advisors, is a great believer in the technology sector.
According to Cooperman, the global economy is doing well, and there’s synchronized growth around the world.
When asked about the valuation of the market, Cooperman said that he thinks “the market is fully valued.”
Billionaire investor and bond guru Jeffrey Gundlach also shared his view on bond yields in an interview with CNBC.
Billionaire Jeffrey Gundlach correctly predicted Donald Trump’s win in the US presidential election of 2016. He also said at that time that Trump’ win could lead to huge fiscal stimulus.
In the previous part of this series, we saw that Jeffrey Gundlach bought the put option of the S&P 500 index (SPY) and he expects that the index could fall 3% by the end of 2017.
In an interview with CNBC’s Halftime Report on Tuesday, August 8, billionaire investor Jeffrey Gundlach shared his views.
Marc Faber is worried about the present market condition and not very optimistic about the market.
The Fed stopped its balance sheet expansion in December 2015. However, other central banks are continuing their asset purchase programs.
In an interview with CNBC’s Squawk Alley on July 31, 2017, Marc Faber, editor of the Gloom, Boom & Doom Report, said the market is “very distorted.”
Pershing Square Capital Management is the first largest investor in Restaurant Brands International, with 39.1 million shares as of March 31, 2017.
In the past quarters, Valeant Pharmaceuticals remained one of the top holdings of Pershing Square Capital Management.
On Thursday, July 27, 2017, Automatic Data Processing (ADP) stock rose nearly 13.0% after reports suggested that Bill Ackman was investing in ADP stock.
The country’s fiscal stimulus has remained lower in the past few years. This lower fiscal stimulus also reduced productivity in the economy.
Between December 2015 and July 2017, the Federal Reserve hiked its key interest rate four times. Each time, it implemented a hike of 25 basis points.