Jeff Cox at CNBC.com spotlights one area where she’s wildly bullish:
“I am wildly bullish on the U.S. in particular markets…I think the U.S. market looks terrific (though) as a collective the U.S. market is not going to grow all together,” she said during a “Closing Bell” interview.
“There’s opportunity from Texas all the way up to North Dakota, and you can play every industry on that basis,” she added. “It’s the agriculture-commodity belt — also the Right to Work states. That’s where businesses are moving because it’s easier to operate and create jobs. So you see a massive demographic shift to those areas.”
Some other points she made:
- Europe is stil in a lot of trouble. And beyond Spain, you have to watch France.
- The panic in Europe will keep US rates low, and that makes the Fed’s job easier since rates will stay low.
- On Citi, there are no big risks out there any more.
- She’s ‘absolutely’ still worried about state finances. In fact there’s more evidence supporting the thesis that the states are in trouble.
- California is still the weakest state. New Jersey and Illinois are the next worst.
- Some great financials she likes: American Express and JPMorgan (which is really trip).