Tags: Charles Nenner | David Gurwitz | Stocks | Economy

Charles Nenner's Gurwitz to Moneynews: Expect Stocks to Move 'Back and Forth'

By    |   Tuesday, 25 June 2013 07:57 AM

Investors can expect sideways movements in equities markets, according to David Gurwitz, the managing director of Charles Nenner Research.

"We don't believe that the news affects things," Gurwitz told Newsmax TV in an exclusive interview.

"We believe the cycles indicate how people are going to react to the news, and since we feel there's a mix of cycles now, short term and long term in equities, you're going to have a back and forth right now."

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Editor's Note: Billionaires Dump Stocks. Prepare for the Unthinkable.

The wide-ranging interview saw Gurwitz mention that investors must protect against losses as opposed to just looking for gains. He also discussed copper as an economic indicator.

"Copper, eight, nine months ago, we said was topping and heading down," Gurwitz said. "We have a lot of clients that are rather big in terms of being called sovereign wealth funds, and they're not looking for trades in a week. They're looking for trades for years," he said.

"They asked us about copper and copper came down quite a bit and we still think it's down for years. Therefore, it's not good for the economy."

Bloomberg News reported that copper declined to the lowest level in almost three years on concern slowing economic growth in No. 1 user China will cut demand for metals with inventories already at a 10-year high.

Recent strength in the U.S. dollar will not last forever, Gurwitz said.

"Starting next year, the dollar will actually have a lot of problems," he said, adding Charles Nenner believes that the euro "is going to be stronger than other currencies."

Editor's Note: Billionaires Dump Stocks. Prepare for the Unthinkable.

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Investors can expect sideways movements in equities markets, according to David Gurwitz, the managing director of Charles Nenner Research.
Charles Nenner,David Gurwitz,Stocks,Economy
317
2013-57-25
Tuesday, 25 June 2013 07:57 AM
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