The strengthening U.S. economy, spurred by low oil prices, means increased capital flows into the U.S. in coming years which should have a positive effect on domestic stock prices, said Tony Roth, Chief Investment Officer for Wilmington Trust. Roth added that he sees cyclical stocks like industrials, technology, and consumer discretionary as likely to benefit from strong productivity and growth trends. And while bond yields have moved lower over the past year, Roth expects a rise in yield levels in coming years, muting fixed income returns. Finally, Roth said emerging markets should experience generally solid income, productivity, and economic growth, presenting an area of outperformance.
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