The outlook for the next six months is positive for global equity markets, said Bob Parker, senior advisor at Credit Suisse. He shared his market outlook.
“You’re going to get positive growth surprises out of the States and Japan and the growth momentum in Latin America and Asia is being maintained,” Parker told CNBC.
“We’re not going to see any slowdown in growth over the next six months.”
In addition, Parker said corporate earnings numbers have been positive in the fourth quarter and expects a similar picture for the current quarter.
“Investors are very defensively positioned,” he added. “We’re now seeing investors now switching out of bond markets and into equities.”
Parker said growth in the first half of the year for the U.S. is expected to be close to 4 percent, annualized.
“The second half of this year, there is a real risk that we see a growth slowdown in the U.S. and also those very good numbers out of Japan reversing while the growth outlook in Europe, at best, remains mediocre,” he warned.
“Where U.S. companies will do particularly well is those U.S. companies which generate a significant part of their profits and revenues from emerging markets,” he said.
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No immediate information was available for Parker or his firm.