Surveillance: Yield Curve with Peters
Bloomberg Surveillance
00:00
The S&P 500 Is Highly Valued Against Interest Rates and the Consensus Forecast for Profits
Doug Cass: The S&P is highly valued especially against interest rates and our reasonable forecast for profits. He says the cost of capital, the cost of funds are going to really weigh on the secular earnings growth rate of the industry over the next two, three years. "I don't think he's a likable character," Cass said of President-elect Donald Trump.
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