Homepage / Investment / There’s more than a decade left in the bull market, Federated Investors says
Discover your perfect match with bisexual hook up now Find your perfect match: older women looking for young men Qu’est-ce que c’est exactement Perdu dans Rencontres en ligne : Persistance what’s gay cam chat? Бонусы в игровых автоматах 7к – особенности Personne copain Finder vs Friend Finder X: Site de rencontre examen pour 2020 8 Fabulously Gay-Friendly & Gay Resorts In Tx To Test In Your Next Gaycation! Лучшие тайтлы онлайн казино леон: топ новинок Picking a gaming platform 7Slots in the virtual space for real cash gaming: essential characteristics Meet other lesbianas and discover your perfect match Аркада Казино (Arkada Casino) Игровой Онлайн Клуб How To Locate The Very Best Transgender Online Dating Sites – Hookup Guide Find your perfect match: bi ladies seeking couples SLOT PULSA SITUS SLOT DEPOSIT PULSA 10 RIBU TANPA POTONGAN SEKALI SPIN MAXWIN Sports Betting Bet on Sports Online in South Africa Slot Entertainment Without Funding an Account in a Trusted Virtual Club Составление обзора казино в виртуальном формате Le Jeu en Ligne en France: Casinos en Ligne et leur Rфle dans l’Industrie Moderne des Jeux d’Argent Mostbet App A Convenient And Reliable Way To Place Bets Masjid Al-Huda Mranggen Demak Lemon Casino recenzja nowego polskiego kasyna Atrakcyjne bonusy i wysoki RTP! MostBet Bangladesh BD ᐉ Official Site Most Bet Casino and Sport Betting Lil Nas X calls out the BET Awards in his new single He has a point : NPR Most readily useful Adult Internet Dating Sites | FreeHookupsSites Unlocking the secrets of craigslist m4m green bay dating Just what comes in 66 sizes and vegan latex? Brand new generation of condoms | Sex | 8 Brands & Generics Human Growth Hormone HGH Injections Find local black hookups near you what’s ssbbw chat? About Japanese Dating society and also the west Guy who would like to Date a Japanese woman – MeetKing Blog 9 Guidelines On How To Hook-up On College Gameday (At Any College) Leading Live Casino Games Provider Leading Live Casino Games Provider Pin Up Slotlarýyla Eðlence ve Para Kazanma Bir Arada The core concept of digital entertainment hub AbeBet: signature points and groups Live-сессии с дилерами в онлайн-казино azino777 How Online Gambling Enterprises Operate Around the World Meet compatible single mothers and exchange ideas official site Play airplane online Ritalin: Jak legálně zakoupit bez receptu v České republice Connect with suitable asian singles in your area How-to Date A Pornstar While Making It Operate (The Ultimate Guide) Buy Bitcoin with Credit Card or Debit Card Instantly Buy Bitcoin How to buy BTC Finding trans girls near you – the simplest way to hookup Connect with like-minded singles on a mennonite dating website Assortment of in-demand games respected casino platform abe bet casino in cyberspace Connect with girls from round the world Alexander Gambling establishment: Dйcouvrez une Nouvelle Expйrience de Jeu en Ligne Le meilleur Extra casino en ligne pour jouer BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING The simplest way to get a local hookup what’s millionairess dating? Get prepared to connect to latinas whom share your interests Estonian Chat place – an ideal Place for Dating Estonian Singles Join our bisexual chat room now and commence connecting Discover the advantages of dating a mature mom latina How to discover the best bbw hookup app for you Title: Juega en 1Win Casino Argentina Bonos y Apuestas 5 Best BBW Lesbian Dating Apps/Sites In 2022 Online Gambling Review submissions dia govt.nz Разыгрываемые джекпоты в виртуальном клубе Вулкан казино 30 Of The Greatest Adult Sex Toys For Males | Men’s Room Health Mag Australian Continent Cazino 7 slots cyberspace: conditions and rules for betting with real cash 1Win: ¡el mejor lugar de casino y apuestas deportivas de Argentina! Aufcasino Kde zakoupit Stromectol online: Kompletní průvodce ????Mature Dating Evaluation 2023 – Whatever You Need To Know About It! ???? Take the first step towards fulfilling your ebony lesbian bbw match now Ideas on how to come-out: Tips to keep in mind > Taimi Meet your perfect match – granny hookup site Türkiye-Çin İşbirliği Derinleşiyor GuGi Mobil Yükleme Seçenekleri Hizmet İçi Eğitim Sona Erdi Dooball tv ดูบอล ออนไลน์ สด 66 ลิงค์ บนมือถือ ฟรี ภาพชัด HD ทั่วโลก Find your rich cougar date in the most useful dating site Find your dream fat girl hookup today Slot Thailand Daftar Link Situs Slot Gacor Maxwin x500 Terbaru Hari Ini Resmi Auto Jackpot! Konsultasi ke Dewan Pers, Komisi I DPRD Jambi Pertanyakan Indeks Kemerdekaan Pers Jambi yang Turun Akses News Cerita Korban Judol di Balikpapan yang Nekat Gelapkan Uang How to get local horney women in your area 3 Cara Hapus Akun Judi Online Slot : Okezone Economy SITUS TOTO > Sering Kalah Main Di Situs Slot Gacor Terbaru Mudah Maxwin Situs Slot Gacor Maxwin Main Tanpa Pola Modal 5ribu Terbaik Melhores cassinos online de Novembro 2024: Confira o top 10! Enjoy amazing gay sex experiences using the top sites on the web Make the absolute most of one’s big butt dating adventure here 9 circumstances this means when a person avoids eye contact with a lady – Hack Spirit Top Greatest M4M Personals Sites in 2022 ◉ BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING Лотерейные розыгрыши в kasino on-line Лев казино: условия осуществления и доступа Main features of playing in machines at online-club Karavan Connect with like-minded females making new friends Comment accéder à des jeux gratuits avec Space fortuna bonus ? PUCUK4D⭐ Bandar Toto Togel Online & Situs Toto 4d Terpercaya #1

Investment

There’s more than a decade left in the bull market, Federated Investors says

In human years, this bull market may be just a teenager.

According to Federated Investors portfolio manager Steve Chiavarone, the secular bull market is still in its early years. He estimates there’s at least a decade left in it, citing a change in demographics.

“Millennials are entering the workforce, but their wages are going to be under pressure their whole career,” he said on CNBC’s “Trading Nation” on Friday. “They won’t make enough money to pay down their debt, fund their life and fund retirement where there is no pension. So, they’re going to need equities.”

Chiavarone, who helps run the Federated Global Allocation Fund, said the current bull market is 4½ years old. He points out they typically last 15 to 20 years.

“The risk is not being in this market,” he said.

His firm’s S&P 500 year-end target for 2018 is 2,750, more than 6 percent higher than current levels. For 2019, the price target climbs to 3,000.

“We are probably frankly low on both of them,” Chiavarone said. “Tax reform could push up the markets.”

His favorite areas for investors are financials, energy, materials and industrials because they do well in a pro-growth environment.

Chiavarone doesn’t like only U.S. stocks. He’s also going abroad for gains.

“We really like Europe. For starters, Europe is one standard deviation cheaper than it normally is. There is positive economic growth in every country in the euro zone for the first time in memory. And you have a scenario where the banking system is finally starting to heal,” he said.

But like a teenager, the market — particularly the U.S. — could go through a couple of turbulent years.

Chiavarone acknowledges a recession could be in the cards by 2020 or 2021 based on a more aggressive Federal Reserve policy to cope with inflation, adding it’s a symptom of a “good, old-fashioned business cycle.”

He doesn’t expect the next downturn to be deep or prolonged and views it as an opportunity.

“Buy the recession,” Chiavarone urged.

Source: Investment Cnbc
There’s more than a decade left in the bull market, Federated Investors says

Comments are closed.