The outlook was decidedly bullish for U.S. stocks 12 months ago. Now the bulls have flipped and those who saw gloom ahead are feeling vindicated.
That was the message from Fed Governor Lael Brainard, speaking on the final day before officials enter a blackout period for public comment.
The strategists said the global economy looks “fragile” at the moment, but warned against shunning risk too early and continued to favor stocks.
Buffett and his team have successfully put billions of dollars to work in the stock market, even though there's still $100 billion in cash to deploy.
“It brings more opportunities for us. We’re in the advice business, and uncertainty actually increases demand for advice.”