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Jeff Sommer: The US bull run may stretch a while

Stocks are likely to stay buoyant, owing to the friendly interest rate and corporate earnings environment

Jeff Sommer 

Jeff Sommer Thebullmarketinstockshasbeensupportedbytwofundamentalpillars:highcorporateearningsandlowinterestrates.Bothofthesemainstaysappearedwobblyearlythisyear.Fortunatelyforinvestors,thereisnowsomegoodnewsforbothofthem. Interestrates,whichwereexpectedtorise,haveactuallyfallensincethebeginningoftheyear.AseriesofstatementsbyFederalReserveofficials-includingaspeechonFridaybyJanetLYellen,theFedchairwoman,inJacksonHole,Wyoming-nowconfirmsthateveniftherearesomeshort-termrateincreases,thecentralbankexpects ...

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First Published: Sat, August 27 2016. 21:50 IST
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