Guggenheim’s Scott Minerd Sees Chance of S&P Falling as Low as 1,200
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Scott Minerd, the chief investment officer of Guggenheim Investments, said gains in the S&P 500 are unsustainable and the stock benchmark could fall as low as 1,200 when it retreats.
“Investors who are sitting out there right now who rebalanced a few weeks ago and moved from fixed income to equities should probably think about rebalancing again,” he said Friday on a panel. “It could be 1,500, 1,600, 1,200.”