Paul Schatz, President, Heritage Capital Llc, believes the Federal Reserve may raise interest rates by a quarter point to one time for the rest of the year.
Paul Schatz, President of Heritage Capital says that there can be a currency collapse around the world in 2017-18, which will lead to mass money flowing into US assets – first in treasury bills, followed by an enormous large cap rally in the US.
If the markets continue to sell off going into the Brexit decision, the last week of June will see a bottom and the markets will rally, says Paul Schatz, President, Heritage Capital.
From what the Fed has been saying all of last year, Paul Schatz, President of Heritage Capital gathers they are just preparing the market for a steady quarter point hike at every quarterly meet, whether or not it actually materialises.
Paul Schatz, President at Heritage Cap LLC says the market movement will now largely be in tandem with oil prices.
Paul Schatz, president, Heritage Capital LLC, says the market fall is on account of crude oil collapse. "The recent selling has been relentless, this is certain the final capitulation," he told CNBC-TV18
Equity markets are in the most seasonally favourable time of the year. Markets across the board are going to hit all time highs, most probably before year-end, with Dow at 20000 by Aug-2016, said Paul Schatz, President of Heritage Capital.
Watch the interview of Paul Schatz President, Heritage Capital LLC with Surabhi Upadhyay on CNBC-TV18, in which he shared his reading and outlook on US equity market and Fed rate hike expectations.
Paul Schatz President & CIO Heritage Capital strongly believes there is yet no case for the Fed to hike rates because global growth is still weak, Europe is teetering on recession and deflation, and Asia too is weak.
Paul Schatz of Heritage Capital spoke with Surabhi Upadhyay on CNBC-TV18 and gave his perspective on US markets.
Watch the interview of Paul Schatz President, Heritage Capital with Nayantara Rai on CNBC-TV18, in which he shared his reading and outlook on US equity markets.