President-elect Trump’s policies will help the U.S. economy, but they won’t be enough to save stocks long term, said widely followed perm bear Marc Faber.
“Mr. Trump is pro-business, so it’s natural that the mood has improved among the small-businessman, corporations and investors,” Faber said Thursday on CNBC’s “Futures Now.”
But even as Faber expects equities to keep rising, he noted that stocks are only climbing to a “higher diving board” and it will “not be very friendly” to investors if things start to turn.
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Craig Erlam
His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.
Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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