Market returns have been high and investors are banking on continued momentum. Analysts are expecting large earnings growth at the end of the year. But one expert is warning that investors are assuming unsustainable trends in the market. David Hay, co-chief investment officer and partner at Evergreen Gavekal, is seeing signs of trouble in certain parts of the economy. He says the warning flags are out there—a fragile job market and shockingly low consumer confidence in April—but there is a tug-of-war underway with fiscal stimulus.
Expert Warns Investors Assuming Unsustainable Market Trends
By Don Ma