Market strategist Ed Clissold talks tax reform, favorite growth areas

Analyst Ed Clissold shared his thoughts on the market outlook along with where investors may want to look if the economy runs out of steam in an exclusive interview with CNBC PRO’s
Mike Santoli.

“When you’re in This particular slow growth environment, you want to continue to focus on companies of which can deliver the growth anyway – they don’t need the economy to do well. the item’s almost by definition: growth stocks,” explained Clissold. “This particular comes coming from the technology sector, health care as well – although obviously Washington is actually going to have a say in of which. Discretionary is actually the different one, although of which one is actually definitely our least favorite of the growth sectors.”

“Globally, we actually like emerging markets. Multiples there are more attractive along with economic growth looks to be a little bit better there than what you’re seeing within the developed world.”

Clissold is actually chief U.S. strategist for Ned Davis Research Group. He along with his team are responsible for the firm’s U.S. equity, asset allocation, style, sector along with equity theme analysis. Previously, Ed worked at Strong Capital Management along with as a market strategist at J.C. Bradford & Co.

As a part of his interview, Clissold also revealed his thoughts on tax reform.

“The tax cut actually could be a game changer along with kind of save the consensus numbers. If you do a back-of-the-envelope analysis of what a tax cut might mean,” he explained. “If you took the tax rate down to 20 percent, which is actually the latest proposal, the item could be around a 7 percent boost to S&P 500 earnings.”

“along with again, of which could be the difference between the numbers coming in where analysts are expecting along that has a pretty big mess.”

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