The chip company stumbled earlier this year but now seems to be on track for a large gross margin expansion going forward.
Strategies
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In my opinion, excessive optimism will lead to a sharp decline in the stock market in the very near term.
Given the amount of possible outcomes, predicting when to be “all-in” or on the sidelines is a real fool’s game.
Market expectations are low, fear is high, and valuations are attractive, setting the stage for positive surprises, says manager Bill Peattie.
The wealth effect from higher asset prices such as stocks has become a primary monetary policy tool.
Valuation factors are modestly negative even though interest rates are quite low and the Federal Reserve has pledged to keep them there for some time.