Jack Ablin, CIO at Cresset Wealth Advisors, speaking on Bloomberg’s P&L Podcast on April 16, 2018. The segment runs from 14:00 to 22:00. Jack discusses the whether the stock market is over- or undervalued in the short term and its attractiveness compared to fixed-income investments. Jack expects single-digit stock market gains over the next 12 months, but while stocks are not a table-pounding buy the case for bonds is still not compelling enough to warrant an asset allocation shift. He recommends sectors to consider rotating into after 1Q earnings season ends.
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