"Our investment outlook is a moderately favorable one as we expect a mid-to-high single-digit total return for the S&P 500 in 2018, with a slightly higher return profile for Euro Area and Japanese equities." That's the opening salvo of Leon Cooperman's first quarter letter to investors of Omega Advisors, a copy of which has been reviewed by ValueWalk.
In the letter, Cooperman strikes an upbeat tone, noting that the current investment landscape is one "described as a battle between robust earnings growth and moderate contraction in the S&P 500 multiple." However, while Omega is optimistic on the outlook for equities over the rest of the year, Cooperman and team do believe that volatility is likely to be much higher...
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