Fund Manager Favors Oil Stocks – CNBC

In an interview with CNBC, Tyler Vernon, Chief Investment Officer at Biltmore Capital, shared his investment strategies. Vernon expects P/E ratios to drop by the year end.

Meanwhile, Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors, said any correction to the upturn of money supply would help the markets. “Whenever you’ve had massive credit contraction, it takes many years before you get to your cyclical patterns, but within that, you get these substantial rallies that take place.”

Holmes said strong runs by oil, and natural gas companies can be expected.