All clear for now but watch out in 2 years: Dalio
Matthew J. Belvedere | @Matt_Belvedere
Wednesday, 1 Oct 2014 | 11:04 AM ET
"Ray Dalio, head of the world's biggest hedge fund, told CNBC's "Squawk Box" on Wednesday, "I see no real reason for a problem in the United States now other than too tight ... monetary policy." He doesn't see that happening. But the Bridgewater Associates founder expressed concern about the next downturn 18 months to two years from now."
http://www.cnbc.com/id/102049699#.
Fundamentals Support Raise in S&P 500 12-Month Target
Sam Stovall , Managing Director, US Equity Strategy , S&P Capital IQ
"S&P Capital IQ’s Investment Policy Committee raised its 12-month target for the S&P 500 to 2200 from 2100, representing a 10% price increase for the U.S. equity benchmark during the coming year, based on the Sept. 3 close. The allocation was unchanged at 65% global equities and 35% fixed income. According to S&P Capital IQ consensus estimates, operating EPS are projected to rise 11.8% from Q3 2014 to Q3 2015. In addition, the year-over-year increase in headline CPI is expected to remain close to the current 2.0% level. Even with the possibility of P/E contraction to below 17X as this bull market ages, we believe underlying fundamentals support this projected price appreciation for the U.S equity market in the coming year".
Matthew J. Belvedere | @Matt_Belvedere
Wednesday, 1 Oct 2014 | 11:04 AM ET
"Ray Dalio, head of the world's biggest hedge fund, told CNBC's "Squawk Box" on Wednesday, "I see no real reason for a problem in the United States now other than too tight ... monetary policy." He doesn't see that happening. But the Bridgewater Associates founder expressed concern about the next downturn 18 months to two years from now."
http://www.cnbc.com/id/102049699#.
Fundamentals Support Raise in S&P 500 12-Month Target
Sam Stovall , Managing Director, US Equity Strategy , S&P Capital IQ
"S&P Capital IQ’s Investment Policy Committee raised its 12-month target for the S&P 500 to 2200 from 2100, representing a 10% price increase for the U.S. equity benchmark during the coming year, based on the Sept. 3 close. The allocation was unchanged at 65% global equities and 35% fixed income. According to S&P Capital IQ consensus estimates, operating EPS are projected to rise 11.8% from Q3 2014 to Q3 2015. In addition, the year-over-year increase in headline CPI is expected to remain close to the current 2.0% level. Even with the possibility of P/E contraction to below 17X as this bull market ages, we believe underlying fundamentals support this projected price appreciation for the U.S equity market in the coming year".
