Equities a 'buy' says Yeadon, as bad news already priced in earnings

Now is the right time to be buying into equities given the "apocalyptic" news priced into earnings, ...

Now is the right time to be buying into equities given the "apocalyptic" news priced into earnings, according to Schroders' multi-manager head Andrew Yeadon. Yeadon believes the recession, and therefore the headlines, will get worse, but says much of this is already factored in to stock prices across all sectors. "I am not put off by managers telling me they are buying cyclicals, so long as they are buying the survivors. It could be a good entry point right now," he says. He adds: "There is something apocalyptic priced into earnings. I give no credence whatsoever to bottom-up forecast...