He thinks investors are using the rearview mirror today.
Investors are buying bonds which have performed well over the past decade but have a mathematical impossibility of doing so going forward. Meanwhile investors are avoiding large cap stocks which have returned zero over the last decade but are cheaper than they have been since the fifties.
Specific stocks he discusses are: TE Connectivity (TEL, Financial), Mastercard (MA, Financial), Capital One Financial (COF, Financial).
Investors are buying bonds which have performed well over the past decade but have a mathematical impossibility of doing so going forward. Meanwhile investors are avoiding large cap stocks which have returned zero over the last decade but are cheaper than they have been since the fifties.
Specific stocks he discusses are: TE Connectivity (TEL, Financial), Mastercard (MA, Financial), Capital One Financial (COF, Financial).
