U.S. Equities: Innovation Frames the Future
Lord Abbett's Investment Perspectives
U.S. Equities: Innovation Frames the Future
Thomas O'Halloran, J.D., CFA
Partner & Portfolio Manager for Micro-, Small-, and Large-Cap Growth Strategies
Tom O'Halloran: Hi, I'm Tom O'Halloran. I manage our micro, small and large cap growth funds here.
What's driving your long-term outlook for U.S. equities?
O'Halloran: Well. We've had a great discussion here about the many things to be worried about in the equity markets. And I take those very seriously, but I don't think that they are going to stop the progress of the innovation boom that we're in the midst of right now. And I see equities going higher this year and over the next several years.
We will have our bear markets in between then and now. I don't think we'll have bear markets like we had in 2000 and 2008 for another couple of decades. So I continue to be very bullish on the equity markets. I always remind people that equities is not really for your liquidity. Fixed income is for your liquidity. Equities I see as for longevity and for legacy. And I think that people who have enough time to invest in equities should be there right now and add in coming years.
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