Abby Joseph Cohen Sees Earnings Growth as the U.S. Avoids Recession
- Worries about interest rate damage to individuals’ portfolios
- First TV interview since retiring from Goldman Sachs
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Abby Joseph Cohen says that the market volatility from investors repositioning in the face of higher inflation will be countered by continued corporate earnings growth, since the U.S. will not tip into a recession.
While equity markets will come under pressure with price-earnings ratios “compressed somewhat, I think there’s some offset in terms of continued improvements in earnings growth,” she told Bloomberg Surveillance in her first TV interview since the former senior investment strategist retired from Goldman Sachs Group Inc. “Because I certainly don’t see a recession.”