Capital Group chief worries US stocks pricey

Jim Rothenberg, chairman of Capital Group Companies, which manages more than $1.4 trillion of assets, tells FinanceAsia M&A is lifting stocks.
Jim Rothenberg
Jim Rothenberg

Jim Rothenberg, chairman of Capital Group Companies, which manages more than $1.4 trillion of assets, spoke with Jame DiBiasio about investment parameters and portfolio management during a visit to Hong Kong.

Q. Where are corporate earnings in the US

A. The US economy continues to make progress. The Federal Reserve has indicated as much by saying it is still targeting a rise in interest rates in September. The job numbers continue to suggest progress. But the economy is not going to run away on the upside. Retail sales remain weak, the housing market is soft mortgage rates just went north of 4%. There are...

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