Strategist: Pressure on Fed ups outlook [CNBC]
Churchill Capital Corp V Class A (CCV)
US:NYSE Investor Relations:
cmcsa.com/investors
Company Research
Source: CNBC
Upward pressure on the Fed , rising inflationary expectations in bonds and increased economic growth in the United States and abroad paint a better picture for 2017, strategist Jim Paulsen said Friday. The chief investment strategist at Wells Capital Management also told CNBC's " Squawk Box " he is optimistic about earnings, and that could turn things around for the market. "So far, the earnings reports we've had suggest that we'll probably get a positive year-on-year growth rate, the first in a while here on this earnings quarter," Paulsen said. "I think it's the quarter that will label the upward turn or the return of positive earnings momentum again looking forward into next year." Paulsen predicted 2.5 percent or better growth for 2017 and a 10 percent improvement in the S&P 500 . "We've got a healthy consumer yet, we've got a health job market, … capital goods reports are doing better, the manufacturing sector's been stabilizing, [and] I kind of
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