US Trust: Enough Upside for Good Equity Performance in 2H

Joe Quinlan, MD and Chief Market Strategist at US Trust-Bank of America Private Wealth Management in New York doesn't necessarily agree with Mark Mobius of Templeton Asset Management who says another financial crisis is around the corner. He expects the world economy to grow at 4% and says there's enough upside for equity. On where oil prices are headed, he says to get used to $100 oil. Crude oil to hover between $100 to $125 per barrel. He's disappointed with Germany's decision to shut all its nuclear reactors by 2022. He sees nuclear as the solution, not the problem. He comments on whether it's a good idea to invest in renewable energy and solar companies. He views the numerous IPOs as a sign of investor confidence. He also told us which regions and sectors he likes best: US: IT, material, industrials, energy. He's also bullish on Germany, Emerging Markets such as South East Asia including Malaysia, South Korea and Hong Kong.See omnystudio.com/listener for privacy information.