James Paulsen Expects the Market to Hit New Highs
James Paulsen, Wells Capital Management, voiced his outlook for stocks and the economy on CNBC today. Paulsen said he sees economic growth prospects improving in the US. This will reignite earnings and stocks, Paulsen stated.
Under his scenario, Paulsen sees sector leadership shifting from consumer staples, telecoms and utilities towards cyclical companies.
Back in June 2015, Paulsen believed a synchronized worldwide economic bounce was imminent (link).