Chris Hyzy — the chief investment officer at Bank of America’s Global Wealth and Investment Management division, where he oversees $2.3 trillion — makes a compelling case for the continuation of the longest bull market in history.
He shapes his view for the bull market’s preservation around a growing divergence between global economies.
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As the US stock market plows ahead into its 10th straight year of expansion, it’s become exceedingly easy for skeptics to call for its demise with each day that passes.
The late-cycle chatter has been exacerbated by President Trump’s trade war, an inverted yield curve, and irresolute central banks. And after the best start for US stocks since 1997, many prominent investors are starting to peel back their expectations for the rest of the year.
But not everyone thinks the equity bull market is on its last legs.
Chris Hyzy, the chief investment officer at Bank of America’s Global Wealth and Investment Management division, is predicting a robust second-half of 2019 for US equities — and he’s focusing his call around a “great divide” he sees building between economies.
“This imbalance occurred largely because the US economy has been relying more heavily on the consumer, …read more
Source:: Businessinsider – Finance