Michael Aronstein, a poet, and Michael Shaoul, a doctor of philosophy, have made their MainStay Marketfield Fund the world’s fastest-growing by anticipating recoveries in the most-hated assets.
The Standard & Poor’s 500 Index was tumbling to a 10-month low on July 2 as U.S. hiring declined and factory orders plunged. At Marketfield Asset Management in New York, Michael Shaoul told clients to hang on.
"Either there is nothing to worry about and crude is going quickly back to $70 plus, or we have entered an earnings down cycle for an appreciable portion of the market."
- Michael Shaoul on Jan 11, 2015
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Shaoul Sees New Commodity Bear Market
Marketfield’s Shaoul Sees Rising Commodity Prices (Audio)
Shaoul Sees Political Unrest in Emerging Markets