Legendary investor Louis Gave believes that healthcare stocks with US exposure are already tapped out. He thinks focusing on healthcare stocks with a solid footprint in emerging markets makes better long-term sense.
Draghi’s hint last month that the European Central Bank’s bond buying may not continue forever unleashed a storm of panic among perma-bears. However, the ECB’s balance sheet will almost certainly continue expanding until well into 2019, and interest rates will remain near zero for even longer.
Will President Trump be “gently eased out” by Robert Mueller’s Russia investigation? The events of this week make it a realistic possibility. But Trump’s reality show is playing out against a backdrop of unprecedented political and social discord. Danger is in the air.