Kerry Craig, global market strategist at JPMorgan Asset Management, shared similar thoughts on Tuesday highlighting that equity markets would be more beneficial for investors than fixed income markets.
He told CNBC Tuesday that good dividend-paying stocks can be found in battered euro zone bourses. He said that cyclical stocks—that react to fluctuations in the global economy—are his preference but said health care firms are some of the most expensive currently.
"Equity markets can deliver at the moment," he said, paying particular attention to retired investors that are searching for yield over the shorter term.
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European equities might be en vogue for some strategists, but the S&P 500 hasn't completely fallen out of favor. The mean average of 10 analysts' calls collated by CNBC at the start of the year was 2,185 points for the U.S. benchmark.
This means a return of just over 6 percent for the year. Canadian investment bank, RBC Capital, was the most bullish with Jonathan Golub, chief U.S. market strategist, projecting a 2015 year-end target of 2,325 points for the S&P 500. The bourse currently stand at 2,100 points.