CNBC Stock Blog
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Big Stock Upside for Hudson City Deal: Analyst
- 5 High-Yield Stocks Ready to Boost Dividends
- Option Bulls Take Another Shot on Idenix
- Top 20 European Stocks for Crisis Time: Strategist
- Hewlett-Packard Faces a ‘Dogfight’ for Talent: Analyst
- DuckDuckGo Cooks Google’s Goose: Analyst
- General Electric’s $4.5 Billion Dividend Slated for Buybacks
ABOUT THE CNBC STOCK BLOG
ART CASHIN
RSS FEED
Market to Rise 10% in First Half of 2010: Strategist
Text Size 
CNBC.com Writer
Markets rose on Monday, with retailers ringing up gains after a report showed the holiday-shopping season was better than expected. Roy Williams, CEO of Prestige Wealth Management and Doug MacKay, president and CIO of Broadleaf Partners shared their market outlook for next year and where investors should put their money in 2010.
“The markets in the first half of the year will be very positive,” Williams told CNBC. “You have consumers starting to spend again, corporations that have great balance sheets outside of the financials and you’ll see capital spending there.”
Although there may be volatility in the markets, Williams said he expects the markets to head higher in the first half of the year by 10 percent.
MacKay said the deeper the recession, the bigger the market rebound and added that he is bullish.
“It makes sense to have the cyclical trade on and not focusing on defensives like staples and health care,” he said. “I would be moving past the early cyclical plays like the consumer discretionary space and more toward later cyclical plays such as energy, industrials, and materials—the reflation trade."
"If we do see the economy improving and employment improving and consumer improving, where you want to be is the later stage cyclicals,” he added.
More Market Intelligence:
- Stocks, Dollar, Buffett & Tiger: Kass' 20 Predictions for 2010
- '871 Billion' Reasons to Buy Gold: Strategists
CNBC Data Pages:
______________________________
CNBC Slideshows:
______________________________
CNBC's Companies in the News:
Amazon.com [AMZN
Loading...
()
]
______________________________
Disclosures:
No immediate information was available for MacKay or Williams.
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes
