Sharp Pullback By Mid-Jan

Dodge Dorland, Chairman and CIO at Landor Capital Management New York, says a further correction is to be expected in the short-term as investors take profit and close their books. The Fed may increase interest rate in 2H if unemployment falls to 9.1%. Hedge fund managers are buying European equities because they are seen to be relatively undervalued. Dorland also explains the impact of China's decision to raise interest rate on commodity prices and the greenback. See omnystudio.com/listener for privacy information.