Vontobel's Souccar: Story stocks' tale will get ugly as pandemic market ends
Money Life with Chuck Jaffe · Money Life with Chuck Jaffe
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Show Notes
David Souccar of the Vontobel Quality Growth fund says there are two markets right now, one featuring very speculative stocks and the other being real growth opportunities, and he notes that 'What you do not own will be as important as what you do own when we get out of this.' But Souccar isn't the only guest expecting tough sledding ahead for the market, as Jeffrey Bierman of TheoTrade.com notes that conditions could force interest rates higher -- which he says would be devastating to the market -- and that nine of the market's 11 sectors are significantly already overvalued, giving the market more downside risk than upside now. Also on the show, Simon Zhen of MyBankTracker.com on surprising consumer banking habits in the pandemic and Randy Warren of Warren Financial talking high-conviction stocks in the Market Call.