“
“If you were a hedge fund and you had a six-week outlook, I’d be pretty careful here … But if we look further to next year, all these risks are fading.”
“
That’s US stock strategist Jonathan Golub of Credit Suisse in a Bloomberg TV interview on Thursday, who is getting optimistic over the next year thanks to “the biggest stimulus plan mankind has ever known.”
And what exactly is that plan?
The reopening of the global economy, which, Golub says, will send a bullish attack through the stock market and help stimulate two “obscenely cheap” sectors, in particular: healthcare and financial services.
“Those will be your top two sectors in the coming year,” he said, adding that the background for investors is “extremely positive.” Watch the full interview:
“Extremely Positive” could exaggerate what investors saw during Thursday’s trading action, but stocks were nevertheless up nicely, with the Dow Jones Industrial Average DJIA,
triple digits up. The S&P 500 SPX,
and the technically demanding Nasdaq Composite COMP,
were also in rally mode.