The Stock Market Rally Lives On. But Can It Continue?

Today marks the two-year anniversary of the stock market rally; is good or bad news ahead?

  • Larry Seruma
  • Managing Principal
  • Nile Capital Management LLC
  • New York, NY
  • YES.
  • “We at Nile Capital believe that the market rally is going to continue over the next year. In the next twelve months we do not see the Federal Reserve raising rates, which means the cost of capital will remain low, and earnings will continue to surprise to the upside. Unemployment will also continue to fall, which will increase consumption and encourage growth. In fact, we have already seen capital flows returning from abroad as investors’ allocation to US markets continues to increase. The biggest risk in our view remains a less accommodative stance by the Fed, however we believe that such a policy is unlikely in the short term.”
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