Stocks are in a “good position” to rise and hold higher levels, said Ted Parrish, co-portfolio manager at Henssler Equity Fund. He shared his market outlook and best plays with investors.
“We’ve gone through a very challenging period this summer, which is seasonally a slow period, and we’re entering into a period that will be pretty good when it comes to retail sales and industrial production," Parrish told CNBC.
And I think we break out from here and finish the year on a positive note,” he said.
Overall, Parrish expects the second quarter to be the “low mark” for GDP and sees it rising in the third and fourth quarters.
Scorecard—What He Said:
- Parrish's Previous Appearance on CNBC (Jul. 27, 2010)
Market Views—Across the Board:
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No immediate information was available for Parrish or his firm.