Last quote by Russ Koesterich
Russ Koesterich quotes
Given the August data we've been digesting in September has been pretty soft, as we get into October, one thing I'm going to be looking at is was August a blip.
During the month of June, we took profits in U.S.-based energy stocks as higher oil prices have led to higher valuations for many of these companies.
The reality is we are in an environment where the economy is slow, volatility is likely to be heightened. In that volatility, you need some hedge in your portfolio and there are few of them that work as reliably as gold.
When I look among developed-market equities a lot of the truly cheap stocks we find right now are in Japan. You do see some improvement in corporate governance, you do see some improvement in the profitability of Japanese companies, and we do still think there's a reasonable chance that the government will try to stimulate the economy.