U.S. Stocks Trading at `Fair Value,' Kennon Says

U.S. Stocks Trading at `Fair Value,' Kennon Says Play

June 20 (Bloomberg) -- Richard Clarida, global strategic adviser at Pacific Investment Management Co., and Aaron Kennon, chief executive officer of Clear Harbor Asset Management LLC, talk about the performance of the U.S. stock market, Federal Reserve policy and investment strategy amid Pimco CEO Bill Gross's forecast for a "new neutral" investment climate that features low market volatility, low interest rates and lower but stable global growth. Clarida and Kennon speak with Trish Regan, Matt Miller and Jonathan Ferro on Bloomberg Television's "Street Smart." (Source: Bloomberg)

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