We are so thrilled to announce that our own Mike Frazier has been quoted in Barron’s Big Money Poll: “The Bulls Rule, for now.” When they needed professional insight they turned to Bedell Frazier and our own Mike Frazier’s professional experience.
So, too, does Michael Frazier, president of Bedell Frazier Investment Counselling in Walnut Creek, Calif., with $450 million under management. Frazier, whose market forecasts are the highest, by far, in our latest survey, anticipates “a kind of meltup” that could deposit the Dow at 22,500 by the end of 2017. Once the Federal Reserve starts raising interest rates again, he says, financial and emerging market stocks will take the lead over today’s popular “safety” issues, including utilities, consumer staples, and real estate investment trusts, all treasured for their juicy yields.
Frazier expects oil prices to top $60 a barrel next year, up from today’s $50, as the global economy perks up.
– Meredith Rossen
For those with a Barron’s subscription, the article can be read here.