He's skeptical of the market's ability to continue climbing in the face of adversity because valuations are already historically expensive.
This leads Neuhauser — a 22-year market vet — to believe that those calling for a V-shaped recovery are engaging in wishful thinking. To him, when the US government takes its foot off of the proverbial stimulus gas pedal, stand-alone economic activity will have to pick up in order to close the burgeoning gap between prices and fundamentals.
In Neuhauser's view, once the market realizes that growth is close to non-existent and the Fed's propensity to participate in themantra subsides, markets will be primed for a "massive reset" — and he thinks that high-flying, aggressively priced tech stocks will be the first to bear the brunt of the downturn."Especially the stocks that have taken on this life of their own, which is mainly tech — that is, money-losing tech.
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His hair needs a massive reset.
22 not enough I can figure it out myself then
He looks 40
Lol, nice hair, pal.
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