As Berkshire Hathaway (BRK-A, BRK-B) increases its stakes in top Japanese companies, John Hancock Investment Management Co-Chief Investment Strategist Matt Miskin joins Yahoo Finance Live to analyze Japan's stock market success internationally, though he still prefers the US overall.
Miskin says Japan's market has been "one of the best performers, if not the best globally," the only drawback being it's a "consensus allocation." He finds it "perplexing" that Japanese equities continue surging amid "weaker economic growth" and a recession, hitting all-time highs.
Miskin notes that as hopes for US rate cuts dwindle while markets climb, the Federal Reserve has progressively lowered projections— first forecasting six cuts, but now possibly zero. With the "economy strong" presently and inflation uncertain, Miskin cautions that if a Fed cut is not priced in soon, it could become "a headwind for markets," reversing the "great start to the year."
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