Tuesday, Jan. 21, 2014
By Jeff Ostrowski – Palm Beach Post Staff Writer
WEST PALM BEACH —
Even after U.S. stocks turned in their best year since the 1990s, two investment strategists say the economy and stock market are primed to keep rising this year. Tepid consumer confidence, cautious banks and weak hiring have all created “room to run,” said Charles White, an executive managing director at investment bank Sterne, Agee & Leach of Birmingham, Ala.
“There’s a lot of what we call dry powder in the economy right now,” White said Tuesday during a presentation to the Economic Forum of Palm Beach County.