Doug Cohen Reacts to Gain in Stock Prices Following Market Correction
Doug Cohen, Managing Director, Portfolio Management, provided his reactions to the gain in stock prices following a two week market rout in an article with the Washington Post.
Commenting on the recent market moves, Cohen noted: “The correction was long overdue and may last a few more weeks, but there may still be room for U.S. stocks to rise another 10 to 15 percent before the year end. The combination of corporate tax overhaul, overseas economic growth and investor confidence, or ‘animal spirits,’ should keep stocks moving higher, though probably in a more volatile environment.”
The full article can be viewed here.
Doug Cohen is a senior member of the Portfolio Management Team and is responsible for delivering investment advisory services including asset allocation, portfolio construction, and other portfolio management-related services. In addition, Doug oversees the firm’s New York office.