Global stocks were higher Friday on hopes that the global economic slowdown is receding after key U.S. companies reported better-than-expected earnings. Experts tell CNBC their forecasts for the future and how investors should position themselves.
Financials Will Benefit by Year End
Richard Bove, Financial Strategist at Rochdale Securities thinks the economy will improve by the end of the year and financials such as JPMorgan and Goldman Sachs will benefit.
Stay on Sidelines
Stay on the sidelines when it comes to investing in markets, says Ben Clark, private client advisor at TMS Capital. He tells CNBC he is upbeat on CSL.
No Signs of Green Shoots, Or Even Moss
Top line spending has gotten worse in the second quarter says Martin Sorrell, CEO of WPP. He tells CNBC that there've been no signs of green shoots whatsoever.
Bearish in the Long Term
Marc Faber, editor and publisher of the Gloom, Boom and Doom Report is not a bear in the near-term, but is one in the long-term. He tells CNBC that he is negative on the greenback in the long run.
Yen's Strong Fundamentals
Yen's strength against dollar is due to the fact it has stronger fundamentals, says Michael Woolfolk, senior currency strategist at The Bank of New York Mellon.
Oil's Direction Dependent on Deflation
If deflation comes true, oil prices will head lower, says Akhi Kamkolkar head of futures at Halifax Investments.