CNBC Stock Blog

Market Niches Have 'Big Demographic Opportunities': Strategist


As the month approaches a finish, David Kelly, chief market strategist at JPMorgan Funds, and Sean O’Hara, president at RevenueShares Investor Services, shared their market strategies.

“Over the long haul, we’re still headed up,” O’Hara told CNBC.

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He sees “big demographic opportunities” in the U.S. with health care, finance and energy.

“Bonds are not a bargain, gold is at an all-time high,” O'Hara said. “There’s still $4.5 trillion in cash, so the money has to go to some place.”

In the meantime, Kelly also said the recovery is on track.

“Seventy-seven percent of the growth is coming from the most cyclical sectors of the economy,” he said. (Read a bearish counterpoint: US Economy is 'Sugar Shocked,' Warns Chief Investor)

“The cyclical sectors are moving up and also productivity is absolutely barn-burner here. It looks like we’re going to see more than 7 percent productivity growth in the third quarter, following more than 6 percent in the second quarter,”  said Kelly.

Judging by the productivity increases, Kelly said the output gains should translate into some job growth within a few months.

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No immediate information was available for Kelly or O’Hara.