Markets Flirt with All-Time Highs after Jackson Hole.
Joe Quinlan, Chief Market Strategist, US Trust-BoA Private Wealth Management, New York
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Apart from the Jackson Hole jaw-fest, there have been fundamental signs of growth and better than expected earnings in the US. However, billionaire-investor Jim Rogers is taking a contrarian view, and is bracing for the US to crash. The market is also pricing in a split Congress, potentially leading to a gridlock and interest rate decisions to put on hold.
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