Bond investors are likely to be facing steady headwinds,” said Alan Gayle, president at Via Nova Investment Management. “That suggests a favourable and supportive backdrop for earnings and stock prices, and we favour stocks over bonds.”
Treasury yield milestone may augur changing tide for risk
“I don't think that the 3 percent level necessarily makes bonds a buy,” said Alan Gayle, president of Via Nova Investment Management in Fredericksburg, Virginia. “I don't think investors should be abandoning stocks when the economy is growing and earnings are up roughly 20 percent from a year ago.”.
U.S. funds raise equity allocation to highest in over 4-1/2 years
"The economic reports...combined with the newly enacted tax reform legislation, suggest future upside surprises to both economic growth and corporate profits. The path of stock prices, while higher on balance, may be rockier this year," noted Alan Gayle, president at Via Nova Investment Management.
"We remain positive on our outlook for the economy and the stock market for the remainder of 2018 and see market dips as buying opportunities. However, we are less sanguine on the outlook for bonds."
Stock Market Outlook: Back to a More Volatile Normal?
"2018 is shaping up as a year when we’ll see tension between economic strength and the policy reaction to that...
By March, we should start to see some traction from tax reform,” says Alan Gayle, president at Via Nova Investment Management, a registered investment advisor. While working Americans already have seen some benefit in their take-home pay — which could translate to more spending — publicly traded companies still are “digesting the nuances” of tax reform, he adds.