Showing posts with label momentum bubble. Show all posts
Showing posts with label momentum bubble. Show all posts

Apr 14, 2014

RBC strategist Jonathan Golub thinks momentum stock bust is contained

I think the selloff is probably over.  If you look at the economically sensitive stuff in the market, it's not really selling off. It's tech. It's bio-tech, [which makes up about 10 percent of the market].  The other 85 to 90 percent is in perfectly fine shape.

~ Jonathan Golub, chief U.S. market strategist at RBC Capital, as appeared on CNBC, April 14, 2014