CNBC: Bob Parker Says Banks are Forming a Bottom

Bob Parker, Vice Chairman of Credit Suisse Asset Management, said in an CNBC interview “banks are forming a bottom” based upon value propositions and three years of gross underperformance.

Related: he also believes investors should swap out of western companies with emerging market exposure for emerging market companies, based upon the premise that monetary policy will cease tightening, helping set the tone for outperformance.

He suggested making that trade “now” or within the “next three weeks.”