VIDEO: John Kosar, Director of Research, appeared on Fox Business on October 28th 2011 to discuss Asbury Research’s outlook for the rest of 2011 based on the US stock market’s relative performance versus Europe, and on the latest asset flow data pertaining to US market sectors.
Kosar said that: 1) the German DAX should outperform the S&P 500 through year end and that this should be bullish for the US market, 2) The Industrials and Energy Sectors were poised to outperform the broad market through year end, and 3) Asbury Research was targeting a rise to at least $100 per barrel in NYMEX crude oil.
As of early December, the Industrial Sector has outperformed the S&P 500 by +2%. Crude oil prices rose by $8 per barrel by November 16th, to reach Asbury’s initial target of $100 about 2 weeks after this appearance.