Leon Cooperman Q1: Fade The 10 Yr, Markets Are Going To Continue Going Up

“Our investment outlook is a moderately favorable one as we expect a mid-to-high single-digit total return for the S&P 500 in 2018, with a slightly higher return profile for Euro Area and Japanese equities.” That’s the opening salvo of Leon Cooperman’s first quarter letter to investors of Omega Advisors, a copy of which has been reviewed by ValueWalk. In the letter, Cooperman strikes an upbeat tone, noting that the current investment landscape is one “described as a battle between robust earnings growth and moderate contraction in the S&P 500 multiple.” However, while Omega is optimistic on the outlook for equities…