Business & Finance
Jim Paulsen Says Wall Street Traders Miss Lingering Policy Risks
Key Points
Jim Paulsen Says Wall Street Traders Miss Lingering Policy Risks No matter how rosy Wall Street’s expectations on the economy have been lately, they generally underestimated the reality, supporting risk-on moods that propelled the stock market advance. That pillar of support may be dwindling soon.
Jim Paulsen Says Wall Street Traders Miss Lingering Policy Risks
No matter how rosy Wall Street’s expectations on the economy have been lately, they generally underestimated the reality, supporting risk-on moods that propelled the stock market advance. That pillar of support may be dwindling soon.
A model developed by Jim Paulsen, a closely followed investment industry veteran, shows months of elevated crude prices and bond market volatility will soon start to slow economic momentum. That may be a hindrance to the S&P 500 Index that has added $9 trillion in value since late March.