On Friday, December 21, Jim Cullen was looking at dreadful US stock markets and had a thought. With the S&P 500 down nearly 375 points on the month, the Chairman and CEO of Schafer Cullen Capital Management began looking towards a “turn for value,” one that might come from international and emerging markets.
Q3 hedge fund letters, conference, scoops etc
As he considered the recent market rout, taking particular note of over-extended FANG technology stocks that appear to lead to the downside, meaningful global trends were on his mind. Based on a price-earnings or dividend yield basis, the high-flying tech stocks were notoriously overpriced and due to their weightings...
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