Move lawsuit against Zillow clears contempt hurdle with settlement

Move lawsuit against Zillow clears contempt hurdle with settlement

Move declares "full steam ahead" in prosecution

Twitter roundup of this week's top housing articles

CFPB heads up the list

Shaky housing market about to get even shakier

When will we all stop kidding ourselves?
W S
The Ticker

JPMorgan equity strategist predicts construction boom

Lee pushing bull market outlook

JPM Lee
/ Print / Reprints /
| Share More
/ Text Size+

The chief U.S. equity strategist for JPMorgan Chase & Co. (JPM) told CNBC’s Squawk Box Thursday morning that he believes America is in a bull market and a construction boom is "imminent."

Thomas Lee said that pent-up demand is strong as corporations have been holding onto capital reserves, and that the string of poor economic news  the past few months are just “short-term noise.”

He also sees tailwinds from lower oil costs and improving weather, and said investors could even look toward heavily shorted stocks.

With modest growth expected this year and employment improving, the U.S. does not seem close to falling into another recession. One measure investors can check to see whether growth could slow to recession-like levels is the long-term yield curve on 10-year Treasury notes and 30-year Treasury bonds, Lee said.

Source: CNBC
Read full story

Recent Articles by Trey Garrison

Comments powered by Disqus