ROCKEFELLER CIO: US stocks are clearly near the top, and Europe is set for its own Trump rally

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March 6, 2017 2:43 PM

The US stock market is "unambiguously" at the high end of its historic range, said David Harris, CIO at Rockefeller & Co.

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The US stock market is "unambiguously" at the high end of its historic range, according to David Harris, chief investment officer of the asset-management firm Rockefeller & Co.

A correction that pauses the rally and lowers valuations is likely, he told Business Insider, although the economic conditions that would end the bull market are not yet apparent.

The short-term opportunity for investors is in Europe, where France's election outcome could spur a Trump-like rally in the market, he said.

Harris focuses on global equities and fixed-income markets, with about $15.2 billion in assets under management.

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