Leon Cooperman Sees Earnings Growth Set Against Value Contraction

Leon Cooperman is bullish on U.S. equities for this year, but that doesn’t mean he sees a smooth ride ahead. He said in his first-quarter investor letter for Omega Advisors that he sees a tension in the equity market this year as strong earnings growth is set to battle value contraction in a delicate game of tug-o-war. In the end, he expects earnings growth to win the day, more than offsetting any contraction in multiples this year. He also highlighted several areas in which the battle between earnings growth and value contraction is playing out and pointed out a number…