Leon Cooperman on What to Expect From Interest Rate Rise, Oil

Omega Advisers chairman comments on oil holdings and impact of interest rate change

Dec 16, 2015

Leon Cooperman (Trades, Portfolio), founder of Omega Advisors, appeared on CNBC to discuss the impact of the Fed's decision to increase interest rates. Cooperman said he expects 5% or 6% in stocks, a couple percent return in dividends and a slightly negative return for fixed income as interest rates return to normalized level.

Forecasting a turnaround in oil in the next year, Cooperman also commented on his stocks Anadarko Petroeum (APC, Financial) and Gulfport Resources (GPOR, Financial).

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