The Highest-Rated Portfolio Strategist Says the Spike in Real Rates Is Just a Start
- DeBusschere touts his ‘single highest conviction’ call in 2022
- Forecasts profit growth to drive S&P 500 to 5,040 by December
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While stock investors entered the new year spooked by a jump in Treasury yields, Wall Street’s top-ranked strategist offers some soothing words: higher rates are no hurdle to the S&P 500’s bull market.
Dennis DeBusschere, voted as the No. 1 U.S. portfolio strategist in last year’s Institutional Investor survey, says his “single highest conviction” call for 2022 is that inflation-adjusted bond yields will go up as the Federal Reserve raises rates and headwinds such as the omicron coronavirus variant and pricing pressures start to fade.