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Apr 1, 2011 3 min

US Economy Could Be Turning the Corner

from Market Watch Hosted by BFM Media

Chicago-based China-America Capital Company Managing Director Tim Mulholland feels the US economy could be turning the corner, but don't read too much into it as unemployment is still well above 8%. For Q2 2011, he'll be into large caps, especially energy, dividend-paying stocks and commodity producers like Alcoa as he likes aluminium stocks quite a bit. It'll be a long arduous process for Protugal and Ireland, as ECB is likely to raise rates on April 7, so that's going to be important to watch. Fund management outfit Superfund Financial in Hong Kong predicts coffee, sugar and cocoa prices will rise 5 to 10 fold by 2014 due to shortages. Mulholland thinks it's highly possible given supply demand dynamics in commodity prices.

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This episode was published on April 1, 2011.

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