"If you look at the unemployment data, it's worse than it was during the Obama administration. We have 200,000 people now dead from COVID and we're closing in on seven million people infected with the disease," he said. "The GDP is down, unemployment is up. And so the Fed has helped to prop up the stock market, there is no question about that."
He is upfront about the underperformance of the firm's flagship fund of funds but he asks investors to stay patient. The fund was"I've always been a long term practitioner of a well-diversified asset allocation plan so I try to tell people to stay the course," he said. "Unfortunately, some people invest emotionally, so they redeem after a bad performance."
"The worst time to be selling us was on April 1," he said. "Our stuff was so oversold technically in March and therefore we think that we have a great opportunity to see lots of upside from here."
Vlajournaliste I'm surprised more people aren't talking about what happens to the market (and economy) if they perceive the election as rigged.
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