Will There Be a Santa Claus Rally in Q4?
Frank says there could be a "Santa Claus rally" at year end with strong fourth quarter earnings before hitting a possible slowdown in 2019 due to declining PMI readings.
Frank Holmes joined Akiko Fujita on CNBC Asia to discuss his outlook on global stock markets as we approach the end of 2018. Frank says there could be a “Santa Claus rally” at year end with strong fourth quarter earnings before hitting a possible slowdown in 2019 due to declining PMI readings. In terms of the ongoing geopolitical and market volatility caused by U.S.-China trade tensions, Frank suggests that long-term investors like himself look for fundamentals and economically sustainable measures rather than short-term sentiment.
To hear the full discussion and more of Frank’s thoughts, watch the replay here!
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The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.
Holdings may change daily. Holdings are reported as of the most recent quarter-end. None of the securities mentioned in the article were held by any accounts managed by U.S. Global Investors as of 9/30/2018.