Clock Ticking for Equities’ Last ‘Hurrah,’ Credit Suisse Says
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Investors may only have seven months left to savor a bull run that has added $27 trillion to global equity markets this year, say Credit Suisse Group AG strategists.
While they predict economic growth and steady profits will help add another 6 percent to the MSCI All-Country World Index by mid-2018, stocks are unlikely to push any higher after that. Risks that could make the second half “more difficult” include a flare-up in junk debt markets, China’s tightening policy and accelerating wages in the U.S, according to a Nov. 28 note.