Economy To Clock 4 Percent Growth Rate: JPMorgan

David Kelly, chief market strategist at JPMorgan Funds, expressed his confidence in the economy. He said that the economy will reach a 4 percent growth rate. He added, “It was a disappointing housing report, but it can’t stay there. Over time, housing has to go up and that is what’s driving the economy forward.” He also said that corporate earnings are good and investors should take advantage of current price levels. He shared his favorite stock picks. He likes S&P Technology and S&P Consumer Discretionary. He also shared his aversion for 10-year and 30-year Treasury Bonds.