U.S. bull market 'far from over'

Look beyond current weakness, says Manulife's Emory Sanders.

Sonita Horvitch 7 October, 2015 | 5:00PM

Emory Sanders, senior portfolio manager and U.S. equity specialist at Manulife Asset Management (U.S.) LLC, says that investors should look past the recent volatility and weakness in the U.S. equity market as the stage is being set for the market to do well over the next 12 months.

"The bull market in U.S. stocks is far from over," Sanders says. "The U.S. economy is a steady ship in a turbulent sea and the leading U.S. equity indexes should be capable of producing a total return of 8% to 10% over the next 12 months," he adds.

It is unlikely, he argues, that the U.S equity market will be negatively affected by a rise in the U.S. Federal Reserve Board's policy rate, because a rise would be indicative of a stronger U.S. economy. "The expectation is that there will be an increase in the Fed funds rate by year-end, but that this hike will be quite small."

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Security NamePriceChange (%)Morningstar Rating
AMN Healthcare Services Inc47.30 USD1.98
Apple Inc318.11 USD0.44
Bank of America Corporation25.98 USD7.00
BlackRock Inc536.40 USD2.44
Morgan Stanley46.86 USD7.26
Ralph Lauren Corp Class A80.88 USD-0.60
Regal Beloit Corp82.08 USD2.81
United Rentals Inc140.48 USD2.41

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Sonita Horvitch

Sonita Horvitch