Moneycontrol
Last Updated : Nov 25, 2015 02:41 PM IST | Source: CNBC-TV18

See Dow at 20K by Aug'16; Fed to hike in Dec: Heritage Cap

Equity markets are in the most seasonally favourable time of the year. Markets across the board are going to hit all time highs, most probably before year-end, with Dow at 20000 by Aug-2016, said Paul Schatz, President of Heritage Capital.

The US economy grew at a healthier clip in the third quarter than initially thought, suggesting resilience that could help give the Federal Reserve confidence to raise interest rates next month.

Paul Schatz, President of Heritage Capital in an interview to CNBC-TV18 said the US data was getting better and better but economy was growing slowly.

Equity markets are in the most seasonally favourable time of the year. Markets across the board are going to hit all time highs, most probably before year-end, with Dow at 20000 by Aug-2016.

When asked if the geopolitical risks would impact global markets, he said these risks have been there and will continue to be there in the foreseeable future and has already been factored in by the market.

He is confident of the US Federal Reserve hiking rates in December and also in every other meeting throughout 2016.

For the entire interview watch video
First Published on Nov 24, 2015 09:34 pm
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