Worth trade will rip increased simply because overall economy is on fireplace, strategist suggests

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One of Wall Street’s most important bulls isn’t really jumping on the expansion inventory bandwagon. Despite the tech-large Nasdaq’s run to report highs, Credit Suisse’s Jonathan Golub prefers price trades ideal now. “The second quarter of this year will be the fastest GDP quarter that we had given that 1952. […]

One of Wall Street’s most important bulls isn’t really jumping on the expansion inventory bandwagon.

Despite the tech-large Nasdaq’s run to report highs, Credit Suisse’s Jonathan Golub prefers price trades ideal now.

“The second quarter of this year will be the fastest GDP quarter that we had given that 1952. So essentially since the Marshall System and the rebuilding of Europe just after World War II,”  the firm’s main U.S. fairness strategist and head of quantitative study told CNBC’s “Investing Country” on Wednesday. “The economy is on fireplace.”

But progress, which contains technology, has been catching a bid with the benchmark 10-year Treasury Notice yield tumbling to February lows this week. On Wednesday, the yield dipped below 1.30% at just one level.

“If you consider matters are slowing far more aggressively, then you want to be a expansion investor,” claimed Golub. “You want to be rotating again in the direction of tech, and that is what is actually been happening more a short while ago with the slipping interest costs.”

‘Just screaming to the upside’

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