Leuthold Says U.S. Stocks Entered Bear Market, Economy Growing
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Steve Leuthold, whose Leuthold Global Fund beat 92 percent of its rivals in the past year, said political uncertainty has pushed U.S. stocks into a bear market even as the economy may still be growing.
“We are in a bear market,” Minneapolis-based Leuthold said today in an interview with Betty Liu on “In the Loop” on Bloomberg Television. “I am not so sure that it is an economic bear market -- we actually may have a couple more quarters of expansion here.”