Bull Market Likely to Be Longest on Record, Oppenheimer Says
- U.S. equity rally should last for ninth year: OFI Global CIO
- Even valuations that look expensive are still cheap vs bonds
Krishna Memani, chief investment officer at OppenheimerFunds, discusses markets finding sources out growth outside of the United States and China. He speaks with Bloomberg's David Westin on 'Bloomberg Daybreak: Americas.' (Source: Bloomberg)
Bull markets don’t die of old age and with neither a major policy mistake nor a significant economic disruption on the horizon, there’s life in the current cycle yet.
That’s the view of Krishna Memani, chief investment officer at OppenheimerFunds Inc. in a recent paper, which details at least 15 reasons the current U.S. equity bull market will persist for a ninth year. Events of the past year including make-or-break elections for the euro have washed over financial markets, suggesting policy, not politics, would be the rally’s undoing.