James Gorman is behind the wheel of this bank — and that’s why he hasn’t already reached back and slapped you upside the head.
Both hedge fund legends are not about to retreat to the headlines while the Fed is our friend and the geopolitical landscape remains expansive.
Bernstein predicts that even while the stock market continued to set new highs in 2019, in 2020 the market will see corporate earnings go negative.
With the prospect of a weaker US dollar front and center in his forecast, Gundlach sees an enticing buying opportunity brewing in one asset class.
Buffett modified his tune after Berkshire’s shoe earnings progressively shank over the following few years, falling to $17 million by 1999.