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Podcast: Money Life with Chuck Jaffe
Episode: ProShares' Hyman: Recession is unlikely, but so are big gains from here
Description: Simeon Hyman, global investment strategist at ProShares, says that with inflation running above the Federal Reserve's targets — forcing both the Fed funds 10-year Treasury rates higher — there's room for the Fed to cut rates but not much room for the market to respond to it. As a result, he's saying the market has room to broaden out, with small caps likely to be helped out by upcoming Fed cuts, but not much upside if large-cap stocks have to keep being the engine for growth. Hyman says that recession is unlikely for several quarters, as there is room for modest earn...