The Long View: Waiting for a pullback?
Jeff Schulze | ClearBridge Investments | 14 July 2021 | 0.50 CE
Today’s ebullient macro and market environment is likely to give way to a period of slower, yet still robust, economic and earnings growth powerful enough to elongate the current bull market.
Unease over evolving Fed policy and an inflation scare could keep equities rangebound in the near term. Strong leading economic indicators and a resurgence of stock buybacks, however, suggest weakness should be viewed as a buying opportunity.
A healthy consumption outlook and an expected rise in capital spending are further reasons we believe long-term investo...