Equities Are the 'Best Game in Town': Strategist
Equities are the “best game in town” versus other asset classes, said Jason Trennert, chief investment strategist and managing partner at Strategas Research Partners.
But retail investors don't seem to see it that way, he fears.
“Now, the only hope" to get retail investors interested in stocks again "is to get equities to compete with fixed income as a source of yield through dividends,” Trennert told CNBC.
“That’s the only shot we’ve got at getting the retail investor back, and that’s why I think extending the Bush tax cuts is so important for the market over the next couple of years—it’s your only shot of getting a better tone to stocks.”
Scorecard—What He Said:
- Trennert's Previous Appearance on CNBC (Aug. 23, 2010)
More Market Intelligence:
- Stocks May Be 'Remarkably Expensive': CIO
- S&P Nears Resistance — Will Rally Fizzle?
CNBC Data Pages:
Friday's Dow Laggards (as of this writing):
No immediate information was available for Trennert or his firm.