U.S. jobs report further supports strengthening economic outlook

Note: This video was filmed on Thursday, March 3 2016.

In this week’s video update:

  • U.S. economic data firms up; market less concerned about possible U.S. recession
  • Should investors be suspicious of oil rallies in the near term?
  • Which regions and asset classes signal opportunity in the near to mid-term?

Chief Investment Strategist Erik Ristuben joins host Alexandra Davis on this week’s Market Week in Review update. Ristuben says the U.S. market is becoming less concerned about a possible recession as U.S. economic data continues to firm up. The labor market in particular remains a bright spot in the U.S. economy, showcased by Friday’s better-than-expected U.S. jobs report and steady unemployment rate.

As the global market continues to look for signs of a bottom for oil, Ristuben cautions investors to be suspicious of possible rallies in the near term. In his view, the problem with oil continues to be that the fundamentals between supply and demand are not where they need to be, signaling investors should not expect clarity on oil for some time.

Ristuben wraps up by highlighting where he sees relatively greater opportunity globally in the near- to mid-term: Europe and high-yield bonds. As he cautions investors to be prepared for volatility, he sees opportunity in Europe due to positive earnings growth and European equities outperforming U.S. equities as of late, and continues to see advantages to high-yield exposure in a globally diversified portfolio.