Stocks tumbled Tuesday and the Dow dropped over 100 points. How should investors be positioned? David Goerz, chief investment officer at Highmark Capital, and Sean Kraus, senior vice president and chief investment officer at Citizens Trust, shared their thoughts.
“We are optimistic about the markets—we’re seeing leading economic indicators moving in the right direction,” Kraus told CNBC.
“What you saw out of Ford , Texas Instruments and 3M [earnings] is a trend that we think is going to continue, with corporate profitability recovering.”
Kraus said the business cycle is currently in a 5-year expansion phase after hitting a low last year.