Rosenberg: Take Profits and Hedge – We Are Very Late-Cycle

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In today’s FS Insider podcast, David Rosenberg, Chief Economist and Strategist at Gluskin Sheff, warns that the US is very late in the cycle and that investors should think about taking profits and hedging for a coming “mean-reversion trade” in 2018. Rosenberg explains his firm’s own investment strategy and outlook, including the sectors and areas of the globe that he favors. Rosenberg also discusses the Republican tax bill, how this relates to Fed policy concerns, an inversion of the yield curve, risk of a policy misstep, valuations compared to the tech bubble, and much more.

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About Cris Sheridan