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."

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
AMN Healthcare Services Inc57.34 USD2.59
Apple Inc112.28 USD3.75
Bank of America Corporation23.49 USD0.64
BlackRock Inc547.81 USD2.38
Morgan Stanley47.04 USD0.92
Ralph Lauren Corp Class A71.07 USD-0.82
Regal Beloit Corp93.04 USD-1.30
United Rentals Inc168.14 USD0.91

About Author

Sonita Horvitch

Sonita Horvitch  

© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies