Markets may rise further in the next 6 months- Global Markets-Markets-The Economic Times

NEW YORK: Given that US stocks have rallied nearly 60 percent in just six months, you'd expect valuations were getting a bit prohibitive.

But the resiliency of the latest rally shows that investors are unfazed by the market's current multiples, regarding stocks as still relatively cheap.

With interest rates close to zero, earnings expected to improve in the third quarter, and inflation subdued, stock market bulls have much working in their favor, making it likely that the market will rise further in the next six months.


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