Consuelo Mack WealthTrack “Stunning Bearish Call,“ premiering nationwide beginning tomorrow Friday, December 16 at 7:30 p.m. ET on public television (check local listings**) and on wealthtrack.com, features an exclusive interview with Wall Street’s No. 1-ranked portfolio strategist Francois Trahan, head of Cornerstone Macro‘s Portfolio Strategy Team, who makes a stunning call. The bull market is almost over and it’s time to get defensive.
Francois Trahan explains to WealthTrack Anchor and Executive Producer Consuelo Mack why he has changed his investment strategy from bullish to bearish and is strongly advising clients to go “risk off” in their portfolios.
Preview video transcript:
“So Francois, it is not easy to be a naysayer, to be bearish when we’re in a bull market. Right? You’ve been here before.”
“Yes. So I would say that this is the very late innings of the bull market. We’re not bullish or bearish to try to be counter consensus. We’re bullish or bearish based on our view of the outlook of the future economy. So it wasn’t any easier being bullish at the beginning of the year than it is being bearish now with regards to 2017. Well, I shouldn’t say that. Maybe it was a little bit easier because the reality is our industry is really geared for a rising market because there are a lot more assets in long-only strategies than in market-neutral strategies.”