Economic growth in the current recovery has been about half of prior recoveries, but it's lasting longer, says Morningstar's Bob Johnson. Plus, get Bob's take on the 3Q GDP revision and his 4Q GDP outlook.
October job gains could come in modestly higher than consensus given a positive seasonal adjustment factor, recent economic trends, and possible tailwinds from construction and retail.
Morningstar's Heather Brilliant says better revenue opportunities exist in the U.S. now than in foreign markets, and investors should demand discounts for firms with large non-U.S. sales footprints.
The Oakmark manager says many growth stocks are worthy of his value-oriented portfolios, so long as he doesn't have to overpay to get them.
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