Jim Paulsen Predicts Economic Growth Will Lead Market Higher

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Jim Paulsen, chief investment strategist of Wells Capital Management, presented a rosy economic growth forecast on CNBC this morning. Paulsen said economic numbers coming in lately including jobless claims, retail sales, industrial production, have been better than expected; along with confidence on the increase. Paulsen believes economic growth could come in as high as 4% in the second quarter. Paulsen stated the growth he foresees could push the S&P 500 to between 1,900 and 2,000.

For the year, Paulsen sees economic growth of 3 1/2%; far more than people expect. Paulsen stated bond yields could rise suddenly in this environment, which could bring the Fed back into the equation and cause a problem for stocks sometime in the second half of the year.

Back in June 2013, the bullish Paulsen said the S&P 500 would hit 1,700 and he was positive on Europe and the emerging markets [link].

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2 Comments

1. 

   Richard Rasch

   April 24, 2014 at 2:27 pm

   All you need is mystockcalendar.com

   Reply
2. 

   Kentucky Gentleman

   April 25, 2014 at 4:11 pm

   This is a glass 1/2 full version. I like mine completely full of the cheap stuff, because the cheapest stuff is all I need to get me back on my feet again.

   Reply