SSgA positive on long US bull run
US - Wall Street's bull run will continue for the next few years, State Street Global Advisors predicts.
The fund manager’s chief investment strategist, Ned Riley, said share prices were currently at “the starting gate rather than the finish line”.
Riley cites the US’s low interest rates, tax cuts, and appreciation of the dollar as providing “ideal conditions” for a continued upturn in share prices.
He said: “With the possible exception of that dreaded al Quaeda attack, this stock market and economy will, in my opinion, continue to gain momentum over the next few years.”
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