PRUDENTIAL FINANCIAL, INC. 
By
21 January 2014
Thought Leader of the Week: John Praveen
Thought Leader of the Week: John Praveen
John Praveen expects developed stock markets, such as Europe and Japan, to outperform the U.S. in 2014. Why? Because there is potential for bigger gains in those markets following a record performance by U.S. stocks in 2013, Praveen, chief investment strategist for Prudential International Investments Advisers, said at Prudential's recent 2014 Global Economic and Retirement Market Outlook in New York City.
Praveen expects another year of double-digit gains in global stock markets fueled by continued low interest rates and liquidity support, rebound in earnings and improving GDP growth, and reasonable valuations and easing global risks. While Praveen sees bigger gains in Europe and Japan, he still anticipates that U.S. stocks will post solid gains and believes in 2014 the Dow will cross north of 18,000 and the S&P 500 will reach 2014.
He sees a different story in emerging markets, which struggled and underperformed in 2013 and are still facing some headwinds. He believes growth is improving in emerging markets, however elections in India and Brazil, political unrest in Turkey and the Fed beginning to taper its quantitative easing policy will cause uncertainty. "Emerging markets are going to be a big wild card this year," Praveen said.
Interested in more of John's outlook on global markets in 2014? Watch a replay of his presentation. Want to speak with John? Contact Theresa Miller.
Please read this important information.
Praveen expects another year of double-digit gains in global stock markets fueled by continued low interest rates and liquidity support, rebound in earnings and improving GDP growth, and reasonable valuations and easing global risks. While Praveen sees bigger gains in Europe and Japan, he still anticipates that U.S. stocks will post solid gains and believes in 2014 the Dow will cross north of 18,000 and the S&P 500 will reach 2014.
He sees a different story in emerging markets, which struggled and underperformed in 2013 and are still facing some headwinds. He believes growth is improving in emerging markets, however elections in India and Brazil, political unrest in Turkey and the Fed beginning to taper its quantitative easing policy will cause uncertainty. "Emerging markets are going to be a big wild card this year," Praveen said.
Interested in more of John's outlook on global markets in 2014? Watch a replay of his presentation. Want to speak with John? Contact Theresa Miller.
Please read this important information.
Contact(s):
| Theresa Miller phone: 973-802-7455 |
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