Barron’s Top Ranked Advisor David Zier’s Contrarian Advice
Barron’s top-ranked financial advisor out of Maryland with over $10 billion in assets under management, David Zier, shared his insight on CNBC’s “Halftime Report” yesterday.
Zier’s research reveals that stock market performance is overwhelmingly positive following an S&P 500 gain of over 10% in the first quarter. The S&P 500 is typically higher 85 percent of the time following such a strong first quarter, with the average gain being 21 percent.
Zier said the market’s PE is 15 and with interest rates this low it could be as high as 19.
The most attractive asset class according to Zier is emerging markets, which are down approximately 4 percent year-to-date. Emerging markets are trading at a PE of 12, when they normally trade at 15-16 PEs which makes them 25-30% undervalued, he added.
The interview [below] continued with Zier commenting further on how he sees the year playing out and what else could fuel a large rally in the markets.
Barron’s profile on Zier is included at this link.