Finance

Value trade will rip higher because economy is on fire, strategist says

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One of Wall Street’s biggest bulls isn’t jumping on the growth stock bandwagon.

Despite the tech-heavy Nasdaq‘s run to record highs, Credit Suisse’s Jonathan Golub prefers value trades right now.

“The second quarter of this year will be the fastest GDP quarter that we had since 1952. So basically since the Marshall Plan and the rebuilding of Europe after World War II,”  the firm’s chief U.S. equity strategist and head of quantitative research told CNBC’s “Trading Nation” on Wednesday. “The economy is on fire.”

Yet growth, which includes technology, has been catching a bid with the benchmark 10-year Treasury Note yield tumbling to February lows this week. On Wednesday, the yield dipped…



Source cnbc.com

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